United States-based cryptocurrency exchange Coinbase announced the full integration of Apple Pay into its Onramp app services.
Starting from Dec. 2, users logging into apps built with the Coinbase Onramp services will see the option to log in and conduct transactions via Apple Pay.
According to a blog post from Coinbase, app developers don’t have to do anything to enable the integration.
Apple Pay and crypto
The integration with Coinbase brings Apple Pay to the most popular exchange services market in the US. While this isn’t Apple Pay’s first foray into cryptocurrency app integrations — it’s currently supported by Binance, BitPay, MetaMask, and others — judging by the tenor of conversation on social media, this news has been received enthusiastically by the crypto community.
The conversation on X.com in response to the news has been upbeat. Source: Asser Fawzi
“This could be a tipping point! The ease and convenience of Apple Pay integration will undoubtedly attract a wider range of users to the crypto space.”
Coinbase Onramp
While the Apple Pay integration is straightforward for developers and users, its impact could ultimately prove disruptive. Apple’s iOS boasts one of the largest user bases among application-level storefronts.
On-ramp’s ease of use could help spur adoption by making it simple to facilitate cryptocurrency transactions via Apple Pay, adding a layer of familiarity and security to Web3, crypto, and blockchain interactions for users who aren’t completely familiar with the ins and outs of the industry.
Other highlights of the integration include free USD Coin (USDC) transactions for both crypto on and offramping and access to more than 60 fiat currencies with regulatory compliance over 100 cryptocurrencies and more than 20 blockchains.
In related news, as Coinbase expands its Onramp offerings the company is also withdrawing expansion plans in Turkey.
As Cointelegraph recently reported, the company has chosen not to move forward with plans to operate in the country — the fourth largest cryptocurrency market by transaction volume.
In response to a query from Cointelegraph, a Coinbase spokesperson declined to give specifics mentioning only that the company is always reassessing its position in the global marketplace.
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