Coinbase Integrates Apple Pay for Easy Crypto Onramping

Coinbase integrates Apple Pay for quick and simple crypto onboarding.

Coinbase has now introduced Apple Pay as a payment method for its Coinbase Onramp service, providing customers with a faster, smoother way for fiat-to-crypto transfers. This new connection, which was unveiled on December 2, streamlines crypto purchases for 60 million Apple Pay customers in the United States, making it easier for them to enter the cryptocurrency realm.

Users may convert money to crypto in seconds by combining Apple Pay with Coinbase Onramp, with Coinbase emphasizing the process's speed and convenience. This update also allows consumers access to major payment methods, making it easier to buy cryptocurrency through reputable companies.

Coinbase Onramp is a cryptocurrency onboarding solution that aims to streamline what is sometimes a lengthy and difficult process requiring many applications and know-your-customer (KYC) stages. The Apple Pay connection reduces friction by allowing for a simple KYC procedure for qualified transactions and providing free USD on and off ramps.

Coinbase said that the new connection enables apps that currently utilize Coinbase Onramp to automatically provide Apple Pay as a payment option. As a consequence, customers will be able to make cryptocurrency purchases faster and easier than ever before.

Coinbase has made a number of significant modifications, in addition to the Apple Pay upgrade. On November 20, Coinbase Wallet began paying incentives to customers that store USDC stablecoins on-chain, which is now available in most areas. Furthermore, Coinbase bought the Utopia Labs team on November 13 to improve its on-chain payments strategy, with the goal of providing low-cost, quick, global payments to everyone.

Coinbase also announced a collaboration with Visa in October, connecting with the Visa Direct network to enable qualifying clients to make real-time deposits using Visa debit cards. This enhances Coinbase's commitment to providing fast, dependable payment solutions to its increasing user base.

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Mga Balita 2024-10-31

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Last Thoughts

Coinbase's integration with Apple Pay signals a huge step forward in making Bitcoin more accessible to the general public. Coinbase simplifies the crypto onboarding process, attracts more users, and broadens the reach of digital currencies by offering a simple, quick, and safe alternative for acquiring crypto. As crypto acceptance grows, Coinbase's creative solutions like these pave the path for the future of finance.