Coinbase Announces New Integration With Apple Pay

Coinbase has fully integrated Apple Pay into its Onramp service, allowing users to conduct transactions directly through the app starting December 2.

This integration means that users logging into apps using Coinbase Onramp will have the option to make crypto transactions via Apple Pay without requiring any additional action from app developers.

While this move marks a significant milestone for both Coinbase and Apple Pay, it’s not the first time Apple’s payment platform has been linked to cryptocurrency services. Apple Pay is already integrated with platforms like Binance, BitPay, and MetaMask.

However, the integration with Coinbase, one of the largest exchanges in the US, has generated considerable excitement within the crypto community, with many suggesting it could be a game-changer for crypto adoption.

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The integration simplifies the user experience, especially for those who may not be deeply familiar with blockchain technology or cryptocurrency, by leveraging the familiar interface and security of Apple Pay. This could be a key factor in encouraging more users to participate in crypto transactions. Additionally, users can access more than 100 cryptocurrencies, 20+ blockchains, and 60+ fiat currencies through Coinbase’s Onramp, with the added benefit of free USD Coin (USDC) transactions.

On the regulatory side, Coinbase’s integration ensures compliance with relevant regulations, enhancing the overall user experience. However, while expanding its Onramp services, Coinbase has decided to scale back its plans in Turkey, the fourth-largest cryptocurrency market. A Coinbase spokesperson confirmed that the company continually reassesses its global strategy but declined to offer specific details about its decision regarding Turkey.

Alexander Stefanov