Coinbase integrates Apple Pay into its Onramp service, simplifying fiat-to-crypto purchases with seamless KYC and enhanced accessibility.
Coinbase has disclosed the integration of Apple Pay for fiat-to-crypto transactions as a new feature to its Onramp app services. This advancement is expected to increase the accessibility of purchasing cryptocurrencies for millions of users by utilizing the security and convenience of Apple Pay’s ecosystem.
Apple Pay Accepted for Easy Crypto Transaction
The “Coinbase Onramp” simplifies fiat-to-crypto conversions by providing access to the most popular payment methods, free USDC on and offramping, and lightweight KYC for eligible purchases, as stated by Coinbase.
Users of applications that have been developed with Coinbase Onramp services will have the ability to enroll in and make purchases using Apple Pay. The transition eliminates the necessity for manual card entries or external payment processors, which were previously necessary for funding Coinbase accounts.
Additionally, it is consistent with the broader endeavors in the crypto sector to optimize user experiences while simultaneously ensuring robust security.
By simplifying the process of conducting cryptocurrency transactions with Apple Pay and providing consumers with a sense of security and comfort when engaging with Web3, crypto, and blockchain, Onramp’s user-friendliness may serve as an incentive for adoption.
Additionally, the integration provides access to over 60 fiat currencies, 100 cryptocurrencies, and more than 20 blockchains with regulatory compliance, as well as free USD Coin (USDC) transactions for both crypto on- and off-ramping purposes.
Coinbase’s implementation of Apple Pay is a strategic initiative that aims to reduce the barriers to entry for novice crypto investors. Coinbase expands the accessibility of cryptocurrency to a broader audience by integrating with one of the most extensively used payment systems in the world.
This integration has the potential to substantially increase transaction volumes on Coinbase, given that there are more than 1.5 billion active Apple devices worldwide.