New Way to Buy Crypto: Coinbase Integrates Apple Pay
Key Points:
- Coinbase integrates Apple Pay for fiat-to-crypto purchases.
- Users can now easily convert fiat to crypto through Coinbase Onramp.
Coinbase recently announced a new partnership with Apple Pay, allowing users to make seamless fiat-to-crypto purchases through the Coinbase Onramp tool.
Simple Onboarding Process
Traditionally, onboarding to cryptocurrency platforms has been a complex process, often involving lengthy KYC procedures. However, Coinbase aims to simplify this with its Coinbase Onramp tool.
The platform eliminates the hassle of fiat-to-crypto conversions by offering lightweight KYC for eligible purchases, free USDC on and off-ramping, and support for popular payment methods. With the addition of Apple Pay, users can now complete on-chain transactions within seconds.
By adding Apple Pay as a payment method, Coinbase ensures a faster onboarding process for users. The end-to-end experience of converting fiat to crypto now takes only a few seconds, making it more convenient than ever. Additionally, businesses can tap into a user base of over 60 million Apple Pay users in the US.
Furthermore, the integration enables free on and off-ramping with USDC, providing users with more flexibility and cost-effective options.
Earlier this year, Coinbase introduced Apple Pay support for its UK users, allowing them to purchase Bitcoin, Ethereum, and other digital assets using the popular payment method.
