$7.92 billion
a major cryptocurrency exchange, has announced a major update to its Onramp app services, now incorporating Apple Pay for all supported applications.
In this update, people using apps powered by Coinbase’s Onramp platform Notice an option to sign in and complete transactions through Apple Pay.
Although Apple Pay has previously ventured into the crypto space, being supported by services like Binance.
$36.9 billion
and BitPay, the Coinbase collaboration appears to have sparked excitement among online cryptocurrency enthusiasts.
Did you know?
Do you want to become smarter and richer with cryptocurrencies?
Subscribe: We publish new cryptocurrency explainer videos every week!
How to avoid taxes on cryptocurrencies? (Explanation of legal forms)
In a recent blog postCoinbase emphasized that Developers using Onramp services will not need to take additional steps to enable Apple Pay functionality. The integration is automatic for all applications that use the platform.
Coinbase development platform announced the update in a post in X:
We’re excited to announce the launch of Apple Pay for fiat-to-crypto purchases through Coinbase Onramp! Make access easier, faster and more accessible than ever.👋 Say goodbye to long processes: users can connect in seconds.
Collaboration offers several advantages. For example, the system Supports over 60 fiat currencies and is compliant with regulations in more than 100 cryptocurrencies and 20 different blockchains.
Users can also make free USD coins
USDC
$0.9949
transactions for the entry and exit of cryptocurrencies.
Additionally, what makes this integration impactful is the size of Apple’s iOS ecosystem, one of the largest of its kind. By simplifying the cryptocurrency transaction process, Apple Pay integration could make cryptocurrencies and Web3 more accessible to the average user.
While Apple Pay simplifies crypto transactions, other financial giants are exploring their own blockchain innovations. What will happen when Mastercard and JPMorgan team up for blockchain payments? Read the full story.
Having completed a master’s degree in Economics, Politics and Cultures of the East Asian region, Aaron has written scientific articles analyzing the differences between Western and collective forms of capitalism in the post-World War II era.
With almost a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that cryptocurrency enthusiasts face. He is a passionate analyst who cares about data- and fact-based content, as well as that which speaks to both Web3 natives and newcomers to the industry.
Aaron is the go-to person for all things digital currencies. With a strong passion for blockchain and Web3 education, Aaron strives to transform the space as we know it and make it more accessible to beginners.
Aaron has been quoted by several established media outlets and is a published author himself. Even during his free time, he likes to research market trends and look for the next supernova.
