On November 5, 2019, Bitcoin-focused product hub Coin Ninja introduced that, by means of a collaboration with cryptocurrency funds firm Wyre, customers can now purchase bitcoin immediately on the DropBit app with Apple Pay and Google Pay.
Coin Ninja calls DropBit its “Venmo for bitcoin,” a bitcoin pockets and fee service notably designed to assist Bitcoiners ship BTC to those that don’t personal any. And it positioned this announcement as progress in its efforts to make DropBit the quickest and best on-ramp for bitcoin.
Coin Ninja claimed that bitcoin purchases can take lower than two minutes from set up to completion and that the mixing is simple for even nontechnical customers to leverage. It additionally famous a buying cap of $500 value of bitcoin and that bought bitcoin masses immediately right into a DropBit pockets.
The announcement additionally highlighted that there aren’t any KYC necessities for utilizing the brand new characteristic (although utilizing Apple Pay or Google Pay would presumably imply purchaser has already offered this info).
DropBit Lightning Help
DropBit has been present process main upgrades over the previous a number of months. In October 2019, the pockets added assist for the Lightning Community, permitting customers to conveniently ship low-fee micropayments even to those that wouldn’t have wallets arrange on the Lightning Community correct.
“The DropBit pockets is about sending frequent, smaller Bitcoin transactions within the easiest method attainable,” Kyle Stalzer, head of product at Coin Ninja, informed Bitcoin Journal on the time. “You do not want a protracted summary pockets handle — you merely want somebody’s cellphone quantity or Twitter deal with to ship — even when the recipient has by no means owned bitcoin beforehand.”
This most up-to-date announcement added that, along with the added skill to purchase bitcoin, DropBit “only recently launched model three.zero with a locked preview of Lightning Community for all customers.” The corporate will likely be providing methods for customers to obtain full, unlocked performance over the subsequent a number of days through its Twitter profile.