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Bitcoin and Ethereum rise on news from Coinbase
Bitcoin Gains $ 3,000 After Announcement That Coinbase Will Allow Cryptocurrencies To Be Purchased Through Apple Pay
Aug 6, 2021
1 min read
Anna BakkerNews analyzer

Ethereum surpassed 2-month highs by $ 2,800 following the news of a successful London hard fork.

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American cryptocurrency exchange Coinbase is expanding the payment options for its users and now Coinbase customers can fund their accounts directly through Apple Pay.

For users who have a Visa or Mastercard linked to Apple Wallet, Apple Pay will automatically appear as a payment method when purchasing cryptocurrency through Coinbase on an Apple Pay-enabled iOS device or in the Safari web browser.

In a few months, such an opportunity will appear for Google Pay.

The planned London update on the Ethereum network took place on Thursday, August 5 at block 12,965,000. After its activation, the network burns an average of 4.2 ETH (over $ 10,500) every minute.

Ethereum will become a "next generation economy" and will be orders of magnitude more than a "narrow monetary system", said the head of ConsenSys and co-founder of the second largest cryptocurrency by capitalization Joseph Lubin.

According to him, the Ethereum ecosystem, which he compared to the Internet, is already superior to Bitcoin in many ways. Lubin noted that the London hard fork is an important milestone in the transition to ETH 2.0. He confirmed the words of Vitalik Buterin that the second version of the network will be 1000 times more environmentally friendly than the current one.

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