Great news for those interested in purchasing cryptocurrency! Coinbase has partnered with Apple Pay to streamline the process of buying crypto. Beginning this week, you can easily acquire digital currencies such as Bitcoin and Ethereum directly through third-party apps using Apple Pay.
This new feature is part of Coinbase Onramp, a service aimed at simplifying the conversion of traditional currency (like USD) into cryptocurrency. Previously, the process of buying crypto was somewhat cumbersome, often requiring multiple applications and incurring additional fees. With this integration, everything is consolidated—no more complications, just a seamless transaction with a few taps.
So why does this matter? For one, it means purchasing crypto is now as straightforward as making any other payment on your iPhone. Whether you’re in an app for shopping or managing your crypto assets, you can now utilize Apple Pay. This development marks a significant step in making cryptocurrencies more accessible to the general public.
Apple’s Evolving Attitude Toward Crypto
Apple has had a mixed relationship with cryptocurrency in the past. Remember when they prohibited certain functionalities from Coinbase’s app in 2022? Or when they restricted the use of Apple credit cards for crypto purchases? Over the years, Apple has approached the crypto market with caution.
COINBASE NOW LETS YOU USE APPLE PAY TO BUY CRYPTO
Coinbase $COIN just announced Apple Pay $AAPL can now be used for all fiat-to-crypto purchases via Coinbase Onramp pic.twitter.com/Zb1Lv4ttXY
— Evan (@StockMKTNewz) December 2, 2024
However, signs indicate a shift. Apple’s CEO, Tim Cook, has openly stated that he owns cryptocurrency and has even suggested making purchases easier with Apple Pay. With this latest integration, Apple seems to be embracing crypto, indicating a change in their strategy concerning the sector.
A Fortunate Moment for Crypto
This collaboration arises at an intriguing moment. With President-elect Trump vowing to adopt a friendlier approach to cryptocurrency, many believe this is contributing to a market resurgence—Bitcoin’s value is approaching $100,000! Additionally, the resignation of the SEC’s Gary Gensler has sparked optimism for a more favorable regulatory climate for digital currencies.
Coinbase’s CEO, Brian Armstrong, has been vocal in criticizing Apple for its stringent stance on crypto, but this partnership reflects a positive change. It’s evident that both companies recognize the expanding potential of cryptocurrency, and their collaboration is bound to advance the mainstream acceptance of digital currencies.
What This Means for You
Whether you’re an experienced crypto trader or a newcomer, acquiring digital assets has never been simpler. You no longer need to navigate multiple apps or websites—just leverage Apple Pay within the apps you already enjoy.
Coinbase users can now buy digital assets directly through Apple Pay in under 30 seconds!
pic.twitter.com/jM0eftt7YZ
— BrotherHood (@BHVenture) December 3, 2024
With this initiative, Coinbase and Apple are making a strong statement about their belief in the permanence of cryptocurrency. If you’re interested in exploring how to get started or want to delve deeper, visit Coinbase’s website or keep an eye out for updates in your preferred apps.
Image Source: DenPhotos / Shutterstock
