Coinbase has announced the addition of a new feature to its Onramp app services with the integration of Apple Pay for fiat-to-crypto transactions. This development is poised to make purchasing cryptocurrencies even more accessible for millions of users, leveraging the ease and security of Apple Pay’s ecosystem.
According to Coinbase’s statement, the “Coinbase Onramp takes the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USDC on and offramping, and access to the most popular payment methods.”
The option to log in and make purchases with Apple Pay will be visible to users using apps developed with Coinbase Onramp services. The move eliminates manual card entries or external payment processors traditionally required for funding Coinbase accounts. Furthermore, it aligns with broader efforts in the crypto space to streamline user experiences while maintaining robust security.
The ease of use of Onramp may encourage adoption by making it simple to facilitate cryptocurrency transactions using Apple Pay and by giving consumers a sense of comfort and security while interacting with Web3, crypto, and blockchain.
The integration also offers free USD Coin (USDC) transactions for both crypto on and off-ramping, as well as access to over 60 fiat currencies, 100 cryptocurrencies, and more than 20 blockchains with regulatory compliance.
Coinbase’s adoption of Apple Pay is a strategic move to lower entry barriers for new crypto investors. By integrating with one of the world’s most widely used payment systems, Coinbase makes crypto accessible to a broader audience. With over 1.5 billion active Apple devices globally, this integration has the potential to significantly boost transaction volumes on Coinbase.
