Coinbase’s Apple Pay integration streamlines crypto purchases, making digital assets more accessible for users in third-party apps.
Coinbase Brings Apple Pay to Crypto Buying
Coinbase has integrated Apple Pay into its platform, allowing third-party apps to offer crypto purchases directly. This marks a significant step toward simplifying the process for users looking to buy digital assets.
How Coinbase Onramp Simplifies Crypto Buying
The integration is part of Coinbase Onramp, designed to convert traditional currencies, such as USD, into crypto seamlessly. Previously, this process often required navigating multiple apps or paying extra fees.
Apple’s Evolving Relationship with Crypto
Apple’s support of Coinbase’s feature reflects a gradual shift in its stance on cryptocurrencies. Historically, Apple restricted crypto-related features in its App Store and even barred the use of its Apple Card for crypto purchases.
Political and Market Context Boosts Crypto Interest
The integration comes as Bitcoin nears $100,000 amid political shifts. President-elect Trump has indicated a crypto-friendly administration, and SEC Chair Gary Gensler plans to step down, potentially easing industry regulations.
Past Tensions Between Coinbase and Apple
Coinbase CEO Brian Armstrong previously criticized Apple for hindering crypto innovation, citing restrictions on Coinbase app features in 2022. Apple’s shift toward crypto integration could indicate a strategic pivot.
Tim Cook’s Stance on Crypto
Apple CEO Tim Cook has shown personal interest in cryptocurrencies, but he has emphasized a cautious approach for the company. This recent move could mark the beginning of deeper involvement in the digital asset space.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
