Exciting news for cryptocurrency enthusiasts! Coinbase has teamed up with Apple Pay to enhance the experience of buying digital currencies. Starting this week, you can effortlessly purchase cryptocurrencies like Bitcoin and Ethereum directly through third-party applications using Apple Pay.
This integration is a component of Coinbase Onramp, designed to facilitate the transition from traditional currency (such as USD) to cryptocurrency. In the past, acquiring crypto was often a cumbersome process, typically requiring multiple applications and additional fees. This collaboration streamlines the experience, ensuring the process is straightforward with just a few taps.
So, why is this significant? For starters, buying crypto has become as easy as making any other payment on your iPhone. Whether you’re using an app for shopping or managing your crypto portfolio, now you can conveniently use Apple Pay. This advancement represents a major move toward making cryptocurrencies more accessible to everyone.
Apple’s Changing Stance on Crypto
Historically, Apple has had a complex relationship with cryptocurrency. Recall how they banned certain features in Coinbase’s app back in 2022? Or their decision to limit the use of Apple credit cards for crypto purchases? Over the years, Apple has taken a cautious approach to the crypto market.
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, there are indications of a shift. Apple’s CEO, Tim Cook, has admitted to owning cryptocurrency and has suggested easing purchase processes with Apple Pay. This latest collaboration shows that Apple may be opening up to crypto, signaling a change in their approach to the market.
A Timely Opportunity for Crypto
This partnership emerges at an opportune moment. With President-elect Trump promising a more welcoming stance toward cryptocurrency, many believe this is contributing to a rebound in the market—Bitcoin’s price is nearing $100,000! Moreover, the resignation of SEC Chair Gary Gensler has ignited hopes for a more favorable regulatory environment for digital assets.
Coinbase CEO, Brian Armstrong, has criticized Apple in the past for its rigid policies toward crypto, but this partnership represents a positive shift. It is clear that both companies acknowledge the growing potential of cryptocurrency, and their collaboration is likely to propel the mainstream acceptance of digital currencies forward.
Implications for You
Whether you’re a seasoned crypto trader or just starting out, acquiring digital assets has never been easier. There’s no need to juggle various apps or websites—simply use Apple Pay within the applications you already love.
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 statement about their belief in the lasting presence of cryptocurrency. If you’re curious about how to get involved or want to learn more, check out Coinbase’s website or watch for updates in your favorite apps.
Image Source: DenPhotos / Shutterstock
