Cryptocurrency exchange Coinbase has now launched Apple Pay for all fiat-to-crypto transactions on its platform via Coinbase Onramp.
The tool allows for onramp crypto-to-fiat, and vice versa, purchases for existing products on the Coinbase platform. Apple Pay’s integration will seek to make crypto onboarding as seamless as possible when handling fiat currency.
The onboarding process has often been plagued with manual issues for users, such as a lengthy KYC process and the use of multiple apps just to perform a simple crypto-to-fiat transaction.
This friction involved in the onboarding process will look to be eliminated by Coinbase Onramp, which provides lightweight KYC protocols for eligible purchases, along with free USDC on-and-off ramping and access to a range of popular payment methods, now including Apple Pay.
Users can now add Apple Pay to their preferred fiat payment method as it takes seconds to perform.
The addition of the popular digital wallet provides a wide range of access to more than 60 million Apple Pay users in the US. Its integration aims to offer a faster end-to-end payment experience that can take up to seconds to be finalised.
For existing Coinbase Onramp users, there will be no additional work on their end to be done, as Apple Pay will be automatically integrated and readily available to be used.
