San Francisco-based exchange Coinbase streamlines fiat-to-crypto conversion following the integration of Apple Pay into its Onramp tool.
According to an official announcement, Coinbase integrated Apple Pay with Coinbase Onramp, a tool that allows developers to include onramps into their apps. This initiative will enable users to convert their fiat currencies to cryptocurrencies in seconds.
Coinbase Onramps Simplifies Fiat-to-Crypto Conversion
The San Francisco-based exchange noted that converting fiat to crypto has been difficult in the past. Specifically, users had to undergo intensive KYC requirements and use multiple apps for fiat-to-crypto conversions.
However, Coinbase Onramp eliminates this hassle by reducing friction through lightweight KYC for all eligible crypto purchases. Moreover, users also enjoy free off/onramping for USDC.
Interestingly, the integration of Apple Pay with Coinbase Onramp simplifies the process of adding fiat onramps into apps. This allows users to easily purchase popular cryptocurrencies like Bitcoin (BTC) using Apple’s payment services.
With Apple Pay integrated as a payment method on Coinbase Onramp, users can convert their fiat currencies to cryptos in seconds. Per the announcement, apps using Coinbase Onramp will automatically add Apple Pay to the list of payment methods without any action from the developers.
Furthermore, the exchange attached a video to the blog post illustrating crypto purchases with Apple Pay on Moonshot. For context, Moonshot is one of the apps using Coinbase Onramp to facilitate fiat-to-crypto purchases for its users.
Apple Further Embraces Cryptos
Meanwhile, the development further enhances Apple’s relationship with crypto. The iPhone maker initially had trouble embracing cryptocurrencies. It has a history of removing crypto exchange apps from its App Store, as witnessed earlier this year when it deleted Binance and Kucoin from the platform.
In 2019, the company refused to allow crypto purchases through its credit card. Interestingly, it has become more friendly with crypto, with businesses leveraging its payment services to drive crypto purchases.
As reported earlier, Uphold integrated Apple Pay with its Topper platform, allowing users to purchase over 200 cryptos, including XRP.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
