Coinbase Onramp Integrates Apple Pay To Promote Onboarding of New Crypto Users
Coinbase’s fiat-to-crypto payment tool has integrated Apple Pay in an effort to make digital asset onramping easier.
Coinbase Onramp enables users to buy or transfer supported crypto on the exchange’s website or directly from self-custody wallets.
It aims to allow developers to move money efficiently between fiat and on-chain economies.
The exchange says in a new press release that integrating Apple Pay enables a faster end-to-end experience and easier crypto onramping for the 60 million US customers who use the Apple payment product.
“Coinbase Onramp makes it easy to build fiat onramps into your app so you can focus on what matters most — building your app. For eligible purchases, we provide lightweight KYC to make the process of getting on-chain even simpler. To turbocharge this feature for your users, we’ve now integrated Apple Pay as a payment method.”
Coinbase Onramp doesn’t charge fees for onramping USDC, a stablecoin issued by Circle that aims to maintain a 1:1 peg to the US dollar.
Circle and Coinbase co-created USDC in 2018 and jointly managed the asset through the Centre Consortium until last year.
In August 2023, Circle CEO Jeremy Allaire announced that his company would bring all of USDC’s governance and operations responsibilities in-house to streamline the management of the stablecoin. Coinbase said at the time that it would purchase an equity stake in Circle.
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