This means that users of third-party apps, like self-custody wallets, can now use Apple Pay to buy crypto directly.
Apple Pay is already built into every iPhone, making it a familiar option for millions of users. Let’s discover more about this news about Coinbase.
Apple Pay Makes Buying Crypto Faster and Easier
In the past, buying crypto with regular money (called fiat) could be a long and tricky process. It often involved jumping through hoops with exchanges and going through identity checks. But with Apple Pay’s new integration, buying crypto is quicker and simpler, taking just a few seconds.
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
Apple Pay, introduced in 2014, has around 500 million active users and dominates the U.S. market for contactless payments. This makes it a convenient and trusted option for people looking to dive into the world of crypto.
Coinbase’s Onramp Makes Crypto More Accessible with Apple Pay
Nemil Dalal, the head of Coinbase’s developer platform, explained that Onramp products help users move money from traditional banks into the crypto world. “Historically, this has been a painful process,” he said. “But with Onramp, you can link your bank account to Apple Pay, move money on-chain, and get started with crypto in no time.”
Developers can now instantly bring money onchain with Apple Pay. Using Coinbase Onramp. pic.twitter.com/Sjp6uzj2Wa
— Brian Armstrong (@brian_armstrong) December 2, 2024
With more people using Apple Pay, Coinbase hopes this change will make the jump into crypto less intimidating. Instead of struggling with complicated steps, users can now use something they already know and trust to buy crypto.
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