In the past 15 years, the cryptocurrency sector has rapidly expanded with significant technological advancements. Millions of cryptocurrencies, thousands of exchanges, and wallets have made investing more accessible. However, the Coinbase exchange has taken a step further by enabling cryptocurrency purchases with traditional fiat currency through Apple Pay integration.
Details of the Apple Pay Integration
Over 60 million people in the U.S. use Apple Payment services daily. By integrating Apple Pay debit cards into its Onramp platform, Coinbase allows users to purchase cryptocurrencies using fiat currency. Additionally, trading with popular stablecoins like USDC has also become possible.
According to Coinbase’s announcement on Monday, Onramp users can easily buy Bitcoin 
$98,353, Dogecoin 
$0.418453, and many other cryptocurrencies using Apple Pay Debit. This process comes with KYC and compliance checks, supporting approximately 100 tokens and over 60 fiat currencies.
“We are excited to announce the integration of Apple Pay for fiat-to-crypto purchases! We are making Onramp transactions easier, faster, and more accessible than ever.”
Previous Integrations and Collaborations
This integration follows Coinbase’s earlier collaboration with Apple Pay. In July 2021, users could directly purchase cryptocurrency via the Coinbase Card using Apple and Google Pay. Furthermore, Coinbase’s partnership with Visa has improved debit card transfers.
This new integration may attract more investors to the sector by reducing complexities in crypto purchasing processes. The broad user base of Apple Payment services could increase the number of users opting for the Coinbase Onramp platform.
With the Apple Pay Debit integration, Coinbase simplifies cryptocurrency purchasing, allowing users to transition directly from fiat to crypto. This step could help draw new users into the cryptocurrency market.
