Coinbase today announced the launch of Apple Pay for all fiat-to-crypto purchases via Coinbase Onramp. Users will now be able to easily purchase various cryptocurrencies with fiat using Apple’s payment service.
JUST IN: Coinbase now allows users to purchase cryptocurrency with Apple Pay. pic.twitter.com/pO7fS4NhgO
— Watcher.Guru (@WatcherGuru) December 2, 2024
“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,” Coinbase said in a statement. Apple Pay will allow users to get onchain in seconds granting quick access to some of the world’s leading cryptocurrencies. Users can access Moonshot, an app using Onramp to get Onchain quickly.
For eligible purchases, Coinbase provides lightweight KYC to make the process of getting Onchain even simpler while still protected. The addition of Apple Pay also allows users to access free USDC on and offramping on Coinbase.
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According to Coinbase, if you’re an existing app using Coinbase Onramp, there’s nothing you need to do. Users will automatically see Apple Pay appear as an option when making an eligible purchase. Eligible users can sign up for Onramp quickstart to get started and access Apple Pay as an option on Coinbase. Users can also use one-click-buy for an even faster experience.
Coinbase investors gained confidence in the company following the announcement, with COIN stock climbing 3% Monday.