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.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
Daily Hodl Staff
https://dailyhodl.com/2024/12/04/coinbase-onramp-integrates-apple-pay-to-promote-onboarding-of-new-crypto-users/
2024-12-04 19:45:14
