George Miller
Coinbase has recently announced the integration of Apple Pay with its Onramp service, designed to make the process of converting fiat currency to cryptocurrency smoother for users.
Coinbase Enhances Crypto Access in the U.S.
This initiative is a significant step forward for cryptocurrency adoption in the U.S., where Apple Pay is widely used. With a large user base of over 60 million in the U.S. and 500 million worldwide, this integration promises great convenience.
Developers won’t need to do any extra setup to integrate this payment option, making it simpler for applications to facilitate crypto transactions. The user-friendly nature of Apple Pay is likely to appeal to more users, particularly those who are just starting to explore decentralized finance (DeFi).
By streamlining the initial setup, Coinbase is making it easier for newcomers to engage with the crypto space, which could lead to wider adoption of Web 3 technologies. The Onramp tool already simplifies the Know Your Customer (KYC) process and offers free USDC, encouraging more users to participate in the crypto market.
This development positions Coinbase as a front-runner in the U.S. market, enhancing user experience and building trust using established payment systems.
On another note, Binance has also taken steps to improve payment options for users, facilitating easier access for newcomers. They support Apple Pay along with various other payment methods like debit/credit cards, PayPal, and bank transfers.
Despite its domestic advancements, Coinbase has decided not to proceed with its expansion into Turkey, which is the fourth-largest market for cryptocurrency transactions. The reasons behind this decision were not specified, but the company mentioned it is reevaluating its global strategy.