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Highlights
- Coinbase Onramp now supports Apple Pay Debit, allowing users to buy crypto directly with Fiat.
- This will speed up the lengthy crypto-buying process for developers from minutes to just seconds.
- With its second collaboration with Apple Pay, Coinbase has come forward as a leader in the industry.
In the last 15 years, the crypto industry has grown exponentially with a major technical boom. With millions of cryptos to trade into, thousands of crypto exchanges to buy from, and thousands of crypto wallets to hold cryptos, investing in crypto has become much simpler. However, the Coinbase exchange has taken to another level with its recent integration with Apple Pay for fiat to crypto buying on the Onramp.
Coinbase Integrated Apple Pay for Crypto Buying via Onramp
In the US alone, more than 60 million people use Apple Payment services in their daily lives. However, the same simplicity was missing in the crypto industry until now. As per the recent announcement, San Francisco-based exchange Coinbase has integrated Apple Pay debit, allowing users to buy crypto with fiat on the Onramp. Additionally, they can buy crypto with the popular stablecoin USDC on both On/ Offramping.
As per their Monday announcement, Onramp users can simply use the Apple Pay Debit to buy cryptocurrencies like Bitcoin, Dogecoin, and many others. The San Francisco exchange’s Onramp is leading the Fiat Onramps list of 2024 and comes with built-in KYC and compliance. Additionally, it allows app developers to buy cryptos faster as it supports around 100 tokens and more than 60 fiat currencies, making it a popular choice among crypto enthusiasts.
We are excited to announce the launch of Apple Pay for fiat-to-crypto purchases via Coinbase Onramp!
Making onramping easier, faster, and more accessible than ever.
👋 Say goodbye to lengthy processes—users can get onchain in seconds.
Here’s how it works…🧵 pic.twitter.com/14plAt1Nqg
— Coinbase Developer Platform🛡️ (@CoinbaseDev) December 2, 2024
This integration has solved the lengthy and boring crypto buying process, which requires linking banks, KYC, turning fiat into a digital asset like stablecoin first, and much more. However, with the fiat-to-crypto buying option, all it takes is a few clicks. The team has claimed that this process can be completed within 30 seconds.
Not The First Integration With Apple Pay
Although this is a major milestone, this is not the first time this exchange has collaborated with Apple Pay. Back in July 2021, the crypto platform added this payment service and allowed users to buy cryptos directly with a Coinbase Card with Apple and Google Pay. Interestingly, another platform, Uphole, has also integrated the Topper platform with the same.
This is interesting, as the iPhone company removed many crypto apps from the Apple Store and refused to acknowledge the industry in the past. In 2019, the multi-trillion dollar company refused to allow users to buy cryptos with Apple’s credit card. However, a lot has changed now.
Interestingly, the San Francisco-based exchange partnered with Visa some time ago to enhance debit card transfers. With that, one of the biggest crypto exchanges is on a transformation journey, allowing its users to benefit from using various debit cards to deposit and withdraw funds on the platform.
Additionally, this will attract many more investors to the industry, who are fearful of the transactional complexities. As Apple Payment service has a user base of millions, this collaboration allows them to trade cryptos with the Coinbase Onramp platform.
Bottom Line
With the new integration with Apple Pay Debit on Coinbase Onramp, the crypto exchange has introduced seamless transactions. The officials have claimed that users can now buy crypto directly with fiat without getting involved in tiring and lengthy processes like KYC, fiat-to-asset changes, bank linking, etc. Interestingly, this is their second collaboration with Apple.inc, as in 2021, they allowed crypto buying with the exchange’s Card with Apple and Good Pay on the exchange itself.
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