Innovation in crypto payments
Coinbase announced the integration of Apple Pay into its Onramp tool, providing users with a straightforward way to purchase cryptocurrencies directly from third-party applications. This collaboration aims to remove common barriers in the onboarding process to the crypto world.
What is Onramp, and how does it work with Apple Pay?
Onramp is a suite of developer tools that allows fiat-to-crypto payment options in decentralized wallets and apps. With Apple Pay included, users can leverage a familiar platform to perform fast and secure transactions.
Reducing friction in fiat-to-crypto conversion
The integration simplifies complex steps such as identity verification and bank account linking. Users can now acquire cryptocurrencies with the same ease and speed as making a regular purchase with Apple Pay.
Fee savings and exclusive advantages
Users purchasing USDC through Apple Pay on Onramp can avoid transaction fees, enhancing the appeal of this feature. Moreover, Apple Pay adds its robust security and user-friendliness to Coinbase's ecosystem.
https://x.com/CoinbaseDev/status/1863650495350575360
The impact of this integration on the crypto market
With over 500 million Apple Pay users and a growing demand for simplified access to digital assets, this partnership marks a significant milestone. Coinbase and Apple Pay are effectively and accessibly bridging traditional finance with blockchain technology.