Coinbase’s fiat-to-crypto payment tool has integrated Apple Pay in an effort to make access to digital assets easier.
Coinbase Onramp allows users to purchase or transfer supported cryptocurrencies on the exchange’s website or directly from self-managed wallets.
It objectives to enable developers to move money efficiently between fiat and on-chain economies.
The exchange says in a new press release that the integration of Apple Pay will enable a faster end-to-end experience and easier crypto onramping for the 60 million U.S. customers using Apple’s payments 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 offer lightweight KYC to make the on-chain process even easier. To boost this feature for your users, we have now integrated Apple Pay as a payment method.”
Coinbase Onramp charges no fees to expand USDC, a stablecoin issued by Circle that aims to maintain a 1:1 peg to the US dollar.
Circle and Coinbase co-founded USDC in 2018 and jointly managed the asset through the Center Consortium until last year.
In August 2023, Circle CEO Jeremy Allaire announced that his company would bring all of USDC’s governance and operational responsibilities in-house to streamline management of the stablecoin. Coinbase said at the time it would buy an equity stake in Circle.
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Generated image: Midjourney
