Coinbase has announced the integration of Coinbase Onramp with Apple Pay, allowing iPhone users to purchase cryptocurrencies using fiat currency directly through the app.
Simplified Crypto Purchases with Apple Pay
Coinbase Onramp—formerly known as Coinbase Pay—is designed to provide a seamless purchasing experience. The service incorporates developer kits and APIs, enabling users to convert fiat funds into cryptocurrencies in just a few steps. This integration aims to make crypto transactions more intuitive while reducing entry barriers for new users.
The rollout began on November 28, initially reaching a small group of customers before expanding to Coinbase's broader user base.
Coinbase’s Growth Strategy
This development aligns with Coinbase’s ongoing expansion efforts, including the introduction of new products and services:
- cBTC Launch: The exchange recently released its wrapped Bitcoin (cBTC) for use on Ethereum and Base networks, discontinuing support for WBTC.
- New Listings: Tokens like PEPE and WIF are under evaluation and may soon be available for trading.
- Regulatory Adjustments: Despite global growth, Coinbase withdrew its licensing application in Turkey, citing the need for clearer regulatory frameworks.
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FAQ
1. How does Coinbase Onramp work with Apple Pay?
Users can link their Apple Pay account to Coinbase Onramp, enabling direct fiat-to-crypto purchases within the app.
2. Which cryptocurrencies are supported via Apple Pay?
All major assets listed on Coinbase are available, with more under review (e.g., PEPE, WIF).
3. Why did Coinbase discontinue WBTC support?
The shift to cBTC offers a more streamlined alternative for wrapped Bitcoin transactions.
4. Is Apple Pay integration available worldwide?
Currently, the feature is rolling out gradually; check Coinbase’s official updates for regional availability.
5. What’s next for Coinbase?
Expect further token listings and ecosystem expansions, pending regulatory compliance.
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