Coinbase enabled Apple Pay as a payment option on the Onramp tool, enhancing fund transfers for users. Through this, fiat-to-crypto transactions can be processed within seconds, without complicated procedures and lengthy know-your-customer (KYC) processes. Through Apple Pay, users can now easily purchase Bitcoin and Dogecoin on the platform.
On Monday, the platform exhibited the quick process of fiat becoming crypto through Apple Pay. Apps that already use the Onramp tool will automatically see the Apple Pay option appear when making a purchase. This integration would strengthen Coinbase’s position in the cryptocurrency space whilst expanding crypto adoption in the traditional financial environment.
Security and privacy play key features in the integration. The payment system employs a device account number for the transaction process, thereby keeping the user’s data including their card information private. Adding this extra layer of encryption increases users’ trust, especially for those who are entering the crypto trade.
The platform believes that using Apple Pay will attract users because of its transparency in financial transactions. The integration also serves as an entry point, allowing users to adopt mobile payments. This paves the way for embracing the volatile but potential world of cryptocurrencies.
Recently, Coinbase proposed listing Moo Deng (MOODENG), a Solana-based meme coin. Following this, the coin witnessed a tremendous boost. At the time of writing, MOODENG is trading at $0.6321, witnessing an uptick of about 95.67%. With a market cap of $626.36M and a 24-hour trading volume of $1.23B, the coin has shown robust growth.
Coinbase Exec Predicts Swift Crypto Laws Under TrumpDespite notable developments, the platform has come under scrutiny in Cambodia. According to the Securities and Exchange Regulator (SERC) in Cambodia, the move was taken to curb online scams linked to cryptocurrencies. Apart from Coinbase, nearly 16 major crypto exchanges, including Binance and OKX, have been banned.
