YEREVAN (CoinChapter.com) — Coinbase has introduced a significant update by integrating Apple Pay into its Onramp developer tool. This update allows iOS users to purchase cryptocurrencies like Bitcoin using fiat money in a fast and secure manner. The integration simplifies transactions by eliminating complicated steps previously required in traditional payment methods. Coinbase confirmed that Apple Pay now offers a user-friendly process akin to an in-app purchase.
Apple Pay Crypto Purchase via Coinbase Onramp. Source: Coinbase Web
This feature enhances the accessibility of crypto ownership, as users can complete transactions with minimal effort.
Simplified Crypto Purchases
With Apple Pay now part of the Coinbase Onramp, users can buy digital assets with a single click. The integration leverages Apple’s security measures, including Face ID and Touch ID, to ensure secure and quick transactions. This approach removes the need for multiple apps or lengthy processes.
Coinbase highlighted that its lightweight KYC (know-your-customer) process is a major benefit. Unlike traditional methods, users avoid the extensive steps typically required to verify their identities. Additionally, Coinbase offers free USDC exchanges, further improving the user experience.
Onramp Partners Gain Access to Apple Pay
Partner apps using Coinbase’s Onramp can also integrate Apple Pay, expanding its reach. Moonshot, for instance, demonstrates how Apple Pay enables instantaneous cryptocurrency purchases. Coinbase noted that this update benefits apps and platforms aiming to enhance user convenience.
Users can now buy Bitcoin and other assets directly from Onramp-enabled stores, utilizing Apple Pay’s intuitive interface.
Apple’s Changing Approach to Crypto
Historically, Apple has distanced itself from cryptocurrency. Previously, Apple restricted blockchain-related transactions and imposed a 70-30 revenue split on in-app crypto purchases, drawing criticism for its policies.
Despite Tim Cook confirming his personal investment in cryptocurrency, Apple had not openly embraced decentralized finance (DeFi). Notably, the company’s cautious stance has softened over time, allowing for NFT transactions and supporting crypto-related apps.
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