Coinbase Teams Up with Apple Pay

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Coinbase Teams Up with Apple Pay: A Game-Changer for Crypto Payments

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 03, 2024

Key Takeaways

Coinbase integrates Apple Pay into its Onramp services, making crypto transactions faster and more accessible for users;
Developers don’t need to do anything extra—Apple Pay integration is automatic for apps using Coinbase Onramp;
Coinbase’s Apple Pay update includes free USD Coin transactions and supports over 60 fiat currencies across 100+ cryptocurrencies.

Coinbase Teams Up with Apple Pay: A Game-Changer for Crypto Payments

Coinbase $4.01B , a leading cryptocurrency exchange, has announced a major update to its Onramp app services, now incorporating Apple Pay for all supported applications.

In this update, individuals using apps powered by Coinbase’s Onramp platform will notice an option to log in and complete transactions through Apple Pay.

Although Apple Pay has previously ventured into the crypto space, being supported by services like Binance $12.9B and BitPay, the Coinbase collaboration seems to have stirred excitement among crypto enthusiasts online.

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In a recent blog post, Coinbase emphasized that developers using Onramp services will not need to take additional steps to enable Apple Pay functionality. The integration is automatic for all apps utilizing the platform.

Coinbase Developer Platform announced the update in a post on X:

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.

The collaboration offers several advantages. For instance, the system supports over 60 fiat currencies and complies with regulations across more than 100 cryptocurrencies and 20 different blockchains.

Users can also perform free USD Coin USDC $0.9979 transactions for both crypto on- and off-ramping.

Furthermore, what makes this integration impactful is the size of Apple’s iOS ecosystem, one of the largest of its kind. By simplifying the process of cryptocurrency transactions, the integration of Apple Pay could make crypto and Web3 more accessible to the average user.

As Apple Pay simplifies crypto transactions, other financial giants are exploring their own blockchain innovations. What happens when Mastercard and JPMorgan team up for blockchain payments? Read the full story.