As a seasoned crypto investor with a decade of experience navigating the ever-evolving digital currency landscape, I find Coinbase’s integration of Apple Pay into its Onramp app services to be a game-changer. Having witnessed firsthand the barriers that prevent mainstream adoption, this move could indeed be the tipping point we’ve all been waiting for!
The U.S.-located cryptocurrency platform, Coinbase, declared the complete incorporation of Apple Pay within its Onramp application functionalities.
Beginning December 2, app users who utilize Coinbase Onramp services will find an option for login and transaction processing through Apple Pay.
As stated in a post on Coinbase’s blog, there’s no need for app developers to take any action to integrate the feature.
Apple Pay and crypto
Partnering with Coinbase allows Apple Pay to expand its reach into leading U.S. cryptocurrency marketplaces. Although Apple Pay has previously collaborated with other cryptocurrency apps like Binance, BitPay, MetaMask, and more, this latest announcement has sparked a positive response from the digital currency community on social media.
“This could be a tipping point! The ease and convenience of Apple Pay integration will undoubtedly attract a wider range of users to the crypto space.”
Coinbase Onramp
For developers and users, integrating Apple Pay is quite simple, but it may eventually cause significant changes. With one of the biggest user bases among app-level marketplaces, Apple’s iOS has a considerable impact.
Making cryptocurrency transactions using Apple Pay on an easy-to-use on-ramp could motivate more people to adopt it, as this method provides a sense of familiarity and security for those not fully versed in the intricacies of Web3, crypto, and blockchain technology.
Key features of the integration encompass:
In a connected development, while Coinbase broadens its Onramp services, it has also paused its growth plans in Turkey.
According to a recent report from CryptoMoon, the company has decided against pursuing business operations within the country, which ranks as the fourth-largest global market for cryptocurrency transactions by volume.
Regarding CryptoMoon’s question, a representative from Coinbase chose not to disclose detailed information, instead stating that the company frequently reviews and adjusts its strategic stance on a global scale.
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2024-12-03 00:13