Coinbase adds Apple Pay integration to its Onramp solution for easier fiat-to-crypto transactions.
Onramp reduces the friction of crypto onboarding, simplifying purchases and wallet funding.
The integration supports over 60 currencies and streamlines KYC for eligible users.
Coinbase has integrated Apple Pay into its fiat-to-crypto onramp service, aiming to simplify the process of purchasing cryptocurrency.
This update revealed through Coinbase’s developer documentation, enhances the Onramp platform, previously known as Coinbase Pay, by allowing users to buy crypto directly using Apple Pay.
The integration promises to streamline transferring funds to self-custody wallets, reducing the complexities that often discourage users from entering the crypto space.
Launched shortly before Thanksgiving, the feature was rolled out to a select group of users and offers a smoother onboarding experience. By using Onramp, individuals can bypass the traditional hurdles of cryptocurrency acquisition, such as lengthy Know Your Customer (KYC) procedures and multiple app interactions.
Coinbase’s platform supports a wide range of payment methods, including bank accounts, debit cards, and Coinbase accounts, offering a more inclusive and efficient approach to crypto transactions.
The Onramp service is designed to provide a one-click purchase option to reduce friction for users seeking to convert fiat currency into crypto.
It allows app developers to integrate this functionality into their web or mobile applications, enabling seamless interaction with platforms like MetaMask, Rainbow, Phantom, and Coinbase Wallet.
Additionally, Onramp supports over 60 currencies and has a lightweight KYC process for eligible transactions.
This update is expected to appeal to the approximately 60 million Apple Pay users in the U.S., offering a familiar and secure payment method for crypto purchases.
The new integration aims to simplify user experiences and promote greater cryptocurrency adoption by reducing the friction associated with the onboarding process. The integration marks a shift toward making cryptocurrency more accessible to a broader audience.