Coinbase today announced the launch of Apple Pay for all cryptocurrency purchases using fiat on Coinbase (NASDAQ:COIN) Onramp, making converting fiat to crypto easier than ever.
“Coinbase Onramp makes the conversion process easy with simple verification for eligible purchases, free USDC conversion, and access to the most popular payment methods,” Coinbase explained in a statement. Apple Pay also allows users to quickly access crypto networks to take advantage of the world’s leading cryptocurrencies. Supported apps, such as Moonshot, are accessible to use Onramp and easily transition to the crypto network.
Additional features:
Simple verification procedures: Coinbase offers light verification procedures for eligible purchases, simplifying the process while maintaining protection.
Quick Access: Apple Pay allows users to make one-click purchases and get free USDC on Coinbase.
Automatic integration with existing apps: Existing apps that use Coinbase Onramp will automatically display Apple Pay without additional setup.
For eligible users, they can sign up for Onramp Quickstart to use the new service and benefit from a faster and easier purchasing experience.
COIN stock rise:
Following this announcement, investor confidence in Coinbase saw a significant boost, with COIN stock rising 3% on Monday.
This step is a qualitative addition that enhances the user experience and expands payment options for quick access to the world of digital currencies.