In order to encourage more and more people to use its platform to invest in cryptocurrencies, Coinbase has decided to offer Apple Pay as a means of payment to its users and thus simplify the crypto purchasing process.
Apple Pay lands on Coinbase Onramp for near-instant fiat-crypto transactions
Coinbase officially announced this Monday the integration of Apple Pay on its Onramp platformformerly Coinbase Pay, which allows you to buy or transfer cryptocurrencies that the company indexes. Thus, the exchange will allow its users to convert their fiat currency into cryptocurrencies faster than before.
Developers can now instantly bring money onchain with Apple Pay. Using Coinbase Onramp. pic.twitter.com/Sjp6uzj2Wa
— Brian Armstrong (@brian_armstrong) December 2, 2024
💳 Discover several methods to buy Bitcoin with Apple Pay
As the cryptocurrency exchange platform indicates in its press release, “ Coinbase Onramp already simplified fiat-crypto conversions. Now, with Apple Pay, transactions will only take a few seconds “.
Thanks to this partnership, the hundreds of millions of Apple Pay users around the world, including 60 million Americans, will be able to buy Bitcoin (BTC), Ether (ETH), Solana (SOL), or one of the many cryptos listed on Coinbase quickly and securely.
Exchange users will be able to use over 60 fiat currencies to make their cryptocurrency purchases. People already using Coinbase Onramp will not need to do anything. Apple Pay will appear directly as a payment method when they wish to make an eligible purchase.
Coinbase: register on the most famous crypto exchange in the world
Coinbase continues to work towards wider adoption of cryptocurrencies
Last April, Coinbase allowed itself to achieve a full-scale test by offering payments with Apple Pay for its British users.
At the time, the company mentioned several advantages to integrating this payment method, including the opportunity to democratize investments in cryptocurrencies and increase its number of transactions on the platform.
“We know that users love using Apple Pay in their daily lifeso it made sense to bring this convenient way of paying to Coinbase,» declared Daniel Seifert, director of the British branch of Coinbase.
👉 Also in the news – MiCA: Coinbase will not offer returns with USDC on its wallet within the EU
It is interesting to note that Apple Pay was already present as a payment method within several crypto platforms like Binance, BitPay or MetaMask.
Besides, this is not the first time that Coinbase collaborates with Apple Pay since in 2021, the exchange's crypto-card landed on Apple's payment service allowing its holders to make their purchases in cryptocurrencies or withdraw money from an ATM.
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Source: Coinbase
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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