Coinbase, a large cryptocurrency exchange, has integrated Apple Pay into its Onramp platform. This new functionality allows customers to easily acquire cryptocurrencies using Apple Pay, a widely accepted payment method. The connection is currently live and does not require any developer action; apps built with Coinbase Onramp will instantly become available.
The integration of Apple Pay intends to simplify the process of changing fiat currency to bitcoin, which previously required long Know Your Customer (KYC) procedures and various apps. Coinbase streamlines cryptocurrency onboarding by leveraging Apple Pay’s extensive usage and user-friendly interface, thereby enhancing speed and accessibility for millions of US consumers.
This integration also offers free transactions for USD Coin (USDC), allowing users to move funds both on and off-chain. Coinbase Onramp provides compliance features and supports over 100 cryptocurrencies and 60 fiat currencies, giving it an adaptable solution for global users.
This step demonstrates Coinbase’s dedication to improving the user experience in the bitcoin ecosystem while also encouraging more widespread use of digital assets.
