A week after the introduction of the new payment method Apple Pay, Lumi Wallet saw a 209% growth in the purchase of Bitcoin in the wallet. The Lumi developers relate this to the simplification of the buying process for cryptocurrencies and the reduction of the process time by seven times.
According to Lumi data, the majority of purchase transactions were made by users from the US (33%), UK (12.2%), Canada (10.1%) and Australia (6.9%). In Nigeria (3.8%), Germany (3.3%) and France (3.0%), 27.5% of purchases are made in other countries. The total amount of Bitcoin purchases increased by 209%. A large number of users prefer to buy Bitcoin.
The interesting fact is that while North American users have made the most purchase transactions, the number of newcomers to Latin America has skyrocketed, making it the leading region with the highest number of Lumi newcomers. – Compared to November, the number of new users increased by 29%. The number of newcomers from the US and Canada increased by 17%, from Europe by 5.8%, from Asia and Africa by 5.2% and 5.0% respectively.
The main goal of introducing Apple Pay was achieved to simplify the buying process for cryptocurrencies. Because of the KYC verification, traditional methods of buying crypto with credit cards take an average of 10-14 minutes. In Lumi Wallet with Apple Pay, users can skip this identification process, reducing purchase time to less than 15 seconds.
“We were confident that Apple Pay would be a defining feature in our wallet, as was the introduction of Bitcoin in general. Our team understands that we, as market participants, need to simplify cryptocurrencies as much as possible. And we choose the right way. Since we launched it last week, we’ve received positive feedback and support from the Cryptocurrency and iOS communities. And that’s the best reward for our team. “- Diana Furman, CEO of Limi Wallet.
Since December, Lumi Wallet customers have been able to purchase cryptocurrencies through Apple Pay, the new alternative payment method available in the wallet for iOS users.. With the new payment systems, 300 million people from more than 30 countries can buy cryptocurrencies with Apple Pay. For US residents, there are limits of USD 500 daily and weekly and USD 5,000 per year. For non-US residents, the daily and weekly limits are USD 1,000 and USD 7,500 per year.
LUMI was founded in 2017 and offers user-friendly and secure crypto wallet solutions. It is an open source non-custody wallet with Android, iOS and web versions. Lumi Wallet is designed to meet the needs of both beginners and advanced users. It combines a high level of security and complete anonymity with a simple and eye-catching user interface. Lumi supports BTC, ETH, BCH, Tether USDT, Binance USD, Celsius, Dai, EOS and over 1200 ERC20 tokens.