Apple Pay now buys crypto assets

The payment solution of the web giant Apple may boast to allow an unexpected new purchase to its users. Coinbase, the online digital currency portfolio and cryptoactive trading platform, has just integrated Apple Pay. The goal? Simplify the purchase of cryptocurrency via the payment method of the web giant.

FACTS

• The new collaboration that now links Coinbase and Apple must allow US Apple Pay users to purchase digital assets directly via the Coinbase Onramp tool.

• As for users, those who already have the Coinbase Onramp app have no additional steps to take. They will automatically see Apple Pay appear as an option when they make an eligible purchase.

• For Apple Pay users who do not have the Coinbase Onramp app, it will first be necessary to download it to access the service and use their daily payment method to also buy active cryptos.

ISSUES

• Democratizing, Over and Over again : This initiative is part of a desire to democratize access to cryptos and improve user experience. This reconciliation makes fiat-to-crypto transactions (i.e. traditional money conversions to cryptocurrency) more accessible and fast.

• A giant step for Apple The web giant has historically been reluctant to the cryptoactive market. The signing of this new partnership with Coinbase therefore represents a strategic reversal.

• Win a match : The Federal Deposit Insurance Corporation (FDIC) would, according to documents shared recently by Coinbase,

PERSPECTIVE

• In the current context of Donald Trump's upcoming investiture as President of the United States, the market for active cryptos is boiling. In fact previously opposed to active cryptos, Donald Trump finally demonstrated his market support by announcing the appointment of a cryptocurrency supporter at the head of the US Financial Market Regulatory Authority (SEC).

• It is thus the political situation of the United States that should represent a lever of growth for the market of active crypto, carried in particular by the records beaten on the value of Bitcoin.

• The announcement by Coinbase and Apple Pay is not the only one demonstrating the new dynamism of the market, also radiating internationally. Polish Fintech Bleap Indeed, it is also a strong part of this news. Offering a payment application allowing its users to spend Stablecoins in the real world via a Mastercard debit card, it has just ensured the launch of its beta-phase services to some European users.

Traduit automatiquement via Libretranslate / Automatically translated via Libretranslate