YEREVAN (CoinChapter.com) — Coinbase has introduced a significant update by integrating Apple Pay into its Onramp developer tool.
Coinbase has integrated Apple Pay into its Onramp developer tool, enabling iOS users to purchase cryptocurrencies like Bitcoin (CRYPTO: BTC) quickly and securely.
Coinbase announced the update on Thursday, revealing that Apple Pay will now offer a user-friendly process akin to an in-app purchase. This feature will make it easier for users to own crypto, with minimal steps required to complete transactions.
According to Coinbase, users can now buy digital assets with a single click from Coinbase’s Onramp, thanks to the Apple Pay integration. The integration also leverages Apple's security measures, including Face ID and Touch ID, for secure and fast transactions. This approach eliminates the need for multiple apps or lengthy processes.
Coinbase also highlighted its lightweight know-your-customer (KYC) process as a key benefit. Unlike traditional methods, users can avoid the extensive steps typically required to verify their identities with Coinbase. Additionally, the platform offers free USDC exchanges, further enhancing the user experience.
Partner apps that utilize Coinbase’s Onramp will also gain access to Apple Pay, expanding its reach. Moonshot, for instance, demonstrates how Apple Pay enables instantaneous cryptocurrency purchases. Coinbase noted that this update will benefit apps and platforms aiming to enhance user convenience.
Users can now buy Bitcoin and other assets directly from Onramp-enabled stores, utilizing Apple Pay's intuitive interface.
Apple has historically maintained a distant relationship with cryptocurrency. Previously, the company restricted blockchain-related transactions and applied a 70-30 revenue split on in-app crypto purchases, drawing criticism for its policies.
Despite Tim Cook confirming his personal investment in cryptocurrency, Apple had not openly embraced decentralized finance (DeFi). Notably, the company's cautious stance has softened over time, allowing for NFT transactions and supporting crypto-related apps.
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