Coinbase has introduced a new integration that allows users to buy Bitcoin and other cryptocurrencies quickly using Apple Pay across various third-party apps. This update enhances the Coinbase Onramp platform, making it easier for developers to incorporate Apple Pay into their apps for crypto transactions. With this integration, first-time buyers can complete their purchases efficiently, similar to how they would conduct online shopping. This move follows Tim Cook’s previous comments about Apple’s interest in cryptocurrency, although the company hasn’t made significant strides in its own crypto initiatives since then. Whether or not Apple was directly involved in this rollout remains unclear, but it marks a notable step in simplifying crypto transactions for users.
Apple Pay is making it even easier to dive into the world of cryptocurrencies. Today, Coinbase announced a new feature that allows users to buy crypto through Apple Pay directly in third-party apps. This integration is part of Coinbase Onramp, a platform designed for handling cryptocurrency transactions, meaning that any app using Onramp will now have built-in support for Apple Pay.
This new feature is designed to speed up the buying process for those new to cryptocurrencies. Apple Pay has long streamlined online transactions, and now it’s bringing that convenience to crypto purchases. To show just how simple the process can be, Coinbase released a demonstration video.
Interestingly, this rollout comes after Apple CEO Tim Cook hinted at the possibility of Apple accepting crypto payments. While Apple has not made significant moves into the crypto space on its own, it seems they may have contributed to the Coinbase integration, though it might also have been developed independently.
This new feature marks a significant step for cryptocurrency accessibility, bridging the gap between traditional payment methods and digital currencies.
Tags: Apple Pay, Coinbase, cryptocurrency, crypto transactions, digital currencies, finance news.
What is Coinbase?
Coinbase is an online platform where you can buy, sell, and store cryptocurrencies like Bitcoin.
Can I buy Bitcoin using Apple Pay on Coinbase?
Yes, you can now buy Bitcoin using Apple Pay through Coinbase’s new rollout.
How do I set up Apple Pay on Coinbase?
To set up Apple Pay, you need to connect it in your Coinbase settings where payment options are available.
Is there a fee when buying Bitcoin with Apple Pay?
Yes, there may be a small fee when using Apple Pay to buy Bitcoin on Coinbase.
Can I return my Bitcoin purchase?
No, Bitcoin purchases are generally final, so you cannot return or get a refund for Bitcoin bought on Coinbase.
