Coinbase integrates Apple Pay for fiat-to-crypto transactions Coinbase integrates Apple Pay for fiat-to-crypto transactions
The service will be available to all apps using Coinbase's solution that allows crypto investments.
1 min read
Updated: Dec. 2, 2024 at 9:52 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Coinbase announced the integration of Apple Pay into its Coinbase Onramp service, according to a Dec. 2 announcement.
The addition will streamline the process for users looking to convert fiat into crypto, making it faster and more user-friendly. Apple Pay has more than 60 million active users in the US and over 500 million users globally as of 2023.
Coinbase Onramp is a tool designed to integrate crypto purchases into apps and websites. It simplifies onboarding by offering lightweight Know Your Customer (KYC) processes for eligible users.
Alongside the integration with Apple Pay, Coinbase continues offering free USD Coin (USDC) on and off-ramping, lowering the cost for users to enter and exit the crypto market through its stablecoin.
For developers already using Coinbase Onramp, the integration with Apple Pay will be seamless. Users will automatically see the new payment option when making eligible purchases.
Lowering barriers
MetaMask recently added Venmo as a fiat-to-crypto option, along with Apple Pay, debit and credit cards, PayPal, wire transfers, and ACH bank transactions.
Consensys, the company behind MetaMask, also announced in August a Mastercard-powered crypto debit card that allows users to spend their balances on their wallets.
As crypto prices rise and the stablecoin supply grows, suggesting a change of pace in retail investors’ entry into crypto, companies are making efforts to make investing and using crypto easier.
The stablecoin market has grown roughly 13% since reaching an all-time high of $187.4 billion in November and currently stands at nearly $22 billion.
In addition to including accessibility options for new crypto investors, crypto firms are also looking to diversify their offerings.
Robinhood recently added four more cryptos to its platform, including the memecoin PEPE, while Coinbase is looking to ramp up its memecoin listings next year to attract more retail trading.
Mentioned in this article
Bitcoin 
USD Coin 
Pepe 
Apple 
Coinbase 
Robinhood 
Consensys 
PayPal 
Mastercard 
BlackRock 
MetaMask iShares Bitcoin Trust 
James Seyffart Author 
Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
USD Coin
$1.00002
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Apple
Apple is a multinational American technology company with its main office in Cupertino, California.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Robinhood
Robinhood is an American financial services company headquartered in Menlo Park, California that was founded in April 2013 by Vladimir Tenev and Baiju Bhatt.
Consensys
Consensys is a venture production studio and custom software development consultancy building decentralized applications (DApps), enterprise solutions and developer tools for blockchain ecosystems, focused primarily on Ethereum..
PayPal
PayPal is an American multinational financial technology firm that operates an online payment system in most countries that permits online money transfers and serves as an electronic replacement for conventional paper methods like checks and money orders.
Mastercard
Mastercard is a leading global payments & technology company that connects consumers, businesses, merchants, and issuers and governments around the world.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
MetaMask is an extension for accessing Ethereum enabled distributed applications or “dApps” in your normal browser.
The BlackRock Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), is an investment fund that provides regulated exposure to Bitcoin for investors.
James Seyffart is a well-regarded analyst at Bloomberg Intelligence, specializing in Exchange-Traded Funds (ETFs) and the broader fund industry.
