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Will Coinbase's Onramp platform see a 15% increase in transaction volume due to Apple Pay integration by April 30, 2025?
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Coinbase Integrates Apple Pay into Onramp, Enabling Crypto Purchases via Third-Party Apps
Dec 2, 2024, 06:01 PM
Coinbase has integrated Apple Pay into its fiat-to-crypto onramp platform, Onramp, enabling users to purchase cryptocurrencies directly using Apple's payment service. The integration aims to streamline the process of converting fiat currency to digital assets by allowing users to fund their crypto purchases with Apple Pay. With over 60 million Apple Pay users in the U.S., Coinbase's move is expected to reduce friction and simplify onboarding for new crypto investors. The Onramp platform, formerly known as Coinbase Pay, offers lightweight KYC for eligible purchases and enables users to convert fiat to crypto in seconds. This development also benefits builders, as apps on Coinbase's Base platform can onboard users without friction. Additionally, users of third-party apps, such as self-custody wallets, can fund their crypto purchases with Apple Pay. This marks a significant step towards broader crypto adoption by leveraging familiar payment methods.
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