Coinbase Integrates Apple Pay for Fiat-to-Crypto Transactions
Coinbase announced the integration of Apple Pay into its Coinbase Onramp service, as per a recent announcement on Dec. 2.
Streamlining the Fiat-to-Crypto Conversion Process
- Apple Pay integration makes the process faster and more user-friendly.
- Over 60 million active Apple Pay users in the US and 500 million globally by 2023.
Benefits of Coinbase Onramp
- Tool to integrate crypto purchases into apps and websites.
- Offers lightweight KYC processes for eligible users.
Additional Features
- Free USD Coin (USDC) on and off-ramping.
- Lowering costs for users to enter and exit the crypto market.
Developers using Coinbase Onramp will seamlessly experience the integration with Apple Pay, enabling them to see the new payment option for eligible purchases.
Lowering Barriers for Entry into Crypto
MetaMask recently added Venmo as a fiat-to-crypto option, in addition to other payment methods like Apple Pay, debit/credit cards, PayPal, wire transfers, and ACH bank transactions.
Companies like Consensys are innovating with a Mastercard-powered crypto debit card, allowing users to spend their balances from their wallets.
- Crypto prices rising and stablecoin supply growing.
- Companies focusing on making investing and using crypto easier.
Stablecoin market growth to nearly $22 billion.
Crypto firms diversifying offerings and enhancing accessibility for new investors.
Robinhood added four more cryptos, including PEPE, while Coinbase plans to increase memecoin listings to attract more retail traders.
