Coinbase has introduced Apple Pay support for fiat-to-crypto transactions through its Coinbase Onramp tool. This integration within the app streamlines the process, removing bureaucratic hurdles for converting fiat currencies into cryptocurrency.
The San Francisco-based exchange highlighted the challenges users faced in converting fiat to crypto in the past. This process often required extensive KYC procedures and navigating multiple apps to complete transactions.
Coinbase Onramp addresses these issues by streamlining the experience, offering simplified KYC for eligible crypto purchases, and enabling free off- and on-ramping for USDC transactions.
Notably, the integration of Apple Pay with Coinbase Onramp further enhances the user experience by making it easier to incorporate fiat onramps into apps. This allows users to purchase cryptocurrencies like Bitcoin (BTC) effortlessly through Apple’s payment services.
With Apple Pay now available as a payment option on Coinbase Onramp, users can convert fiat to crypto in seconds. According to Coinbase, apps utilizing Onramp will automatically include Apple Pay as a payment method, requiring no additional setup from developers.
Additionally, Coinbase shared a video demonstrating how Apple Pay can be used for crypto purchases on Moonshot, one of the apps leveraging Coinbase Onramp to facilitate fiat-to-crypto transactions for its users.
In 2021, Coinbase introduced the ability for users to link their Coinbase Card to Apple Pay, enabling purchases and cash withdrawals using debit cards through Apple Pay. The new Onramp integration expands on this capability, making it even easier for users to engage with on-chain economies.
Coinbase Onramp also includes built-in KYC and compliance features, supporting over 100 cryptocurrencies and more than 60 fiat currencies.
