Coinbase Simplifies Cryptocurrency Purchases with Apple Pay Integration

Coinbase Streamlines Cryptocurrency Purchases with Apple Pay Integration

Over the past 15 years, the cryptocurrency industry has witnessed exponential growth, fueled by technological advancements. With countless cryptocurrencies, exchanges, and wallets, investing has become more accessible than ever. Coinbase has further simplified the process by enabling cryptocurrency purchases using conventional fiat currency via Apple Pay integration.

Apple Pay Integration

Apple Pay boasts over 60 million active users in the U.S. By incorporating Apple Pay into its Onramp platform, Coinbase allows users to purchase cryptocurrencies directly from their fiat currency accounts. Additionally, trading popular stablecoins like USDC is now accessible.

Coinbase announced on Monday that Onramp users can seamlessly purchase Bitcoin, Dogecoin, and other cryptocurrencies using Apple Pay Debit. This process involves KYC and compliance checks, supporting approximately 100 tokens and over 60 fiat currencies.

Previous Collaborations and Integrations

Coinbase's integration with Apple Pay is not its first collaboration with the company. In July 2021, users gained the ability to purchase cryptocurrency directly through the Coinbase Card via Apple and Google Pay. Coinbase has also partnered with Visa to enhance debit card transfers.

Impact and Benefits

This new integration aims to attract more investors to the industry by simplifying cryptocurrency purchasing. The vast user base of Apple Payment services has the potential to expand Coinbase's Onramp platform's reach.

By integrating Apple Pay Debit, Coinbase enables users to transition seamlessly from fiat to crypto, thereby simplifying the process and potentially drawing more individuals into the cryptocurrency market.