Coinbase Now Lets You Use Apple Pay To Purchase Cryptocurrency

By Anthony • December 2, 2024 5:51 pm • Comments

Coinbase announced today that users will now be able to use Apple Pay as a payment method.

In a press release, Coinbase stated, “Today, we’re excited to announce the launch of Apple Pay for all fiat-to-crypto purchases via Coinbase Onramp, the easiest tool to build onramps into your existing products.”

Coinbase added, “With Apple Pay, getting onchain only takes seconds. Take a look at just how easy and quick it is on Moonshot, an app using Onramp to help users get onchain frictionlessly.”

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“Coinbase Onramp take the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USD on and offramping, and access to the most popular payment methods,” added Coinbase.

Here’s what Coinbase shared:

Today, we’re excited to announce the launch of Apple Pay for all fiat-to-crypto purchases via Coinbase Onramp, the easiest tool to build onramps into your existing products.

Onboarding to crypto can be a pain for your users: it can take a long time, require them to go through lengthy KYC (often requiring back and forth interactions), and use multiple apps to name just a few of the headaches. The process has a lot of friction, and as a result, users abandon ship. But not with Coinbase Onramp.

Coinbase Onramp takes the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USDC on and offramping, and access to the most popular payment methods. With Apple Pay, getting onchain only takes seconds. Take a look at just how easy and quick it is on Moonshot, an app using Onramp to help users get onchain frictionlessly.

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 onchain even simpler. To turbocharge this feature for your users, we’ve now integrated Apple Pay as a payment method.

Per Pymnts:

Coinbase has integrated Apple Pay as a payment method for Coinbase Onramp, its tool for building onramps into existing apps for fiat-to-crypto purchases.

This addition will provide easier onramping for the 60 million U.S. users of Apple Pay, Coinbase said in a Monday (Dec. 2) press release.

It will also provide these users with access to the most popular payment methods and will deliver a faster end-to-end experience in which fiat-to-crypto conversions take seconds, according to the release.

Coinbase Onramp provides a solution for onboarding to crypto, which is a process that otherwise can take a long time and require apps’ users to go through a lengthy know-your-customer (KYC) and use multiple apps, per the release.

“Coinbase Onramp take the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USD on and offramping, and access to the most popular payment methods,” the release said. “With Apple Pay, getting onchain takes only seconds.”

Apps already using Coinbase Onramp will automatically see Apple Pay appear as an option when users are making an eligible purchase, according to the release.

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