- Coinbase has announced an important update.
- This includes a new feature to foster crypto accessibility.
- The feature will be accessible to UK customers.
Crypto exchange Coinbase now allows United Kingdom-based users to purchase digital assets using the iPhoneโs Apple Pay feature.
The exchange said the feature will offer customers a โmore secure and privateโ way to acquire digital assets and is part of its efforts to increase the number of crypto users in the UK, which now stands at six million adults.
Coinbase Adopts Apple Pay
According to a Finance Magnates report on April 10, Coinbase said UK customers can set up their Apple Pay feature by adding a debit or credit card to begin accessing the service immediately.
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To ensure user information safety and privacy, the exchange noted that the integration ensures individual card numbers are not stored on the device or Appleโs servers. Further, a unique device account number is assigned, encrypted, and stored in an โindustry-standard chipโ to secure payment information storage.
Coinbase’s country director for the UK, Daniel Seifert, welcomed the development, noting that Apple Payโs feature integration helps make crypto accessibility easier in the country.
โWe know users already love using Apple Pay in their daily lives, so it only made sense to bring this convenient way to pay to Coinbase as well,โ Seifert stated.
The development comes at an opportune time when the UK government pushes for stablecoin and crypto staking regulations, expressing aspirations to enact a comprehensive framework within six months. This regulatory clarity instills confidence in Coinbase to continue expanding and innovating in the burgeoning domestic crypto market.
Read how HashKey is keen on emulating Coinbaseโs success:
HashKey Looks to Emulate Coinbaseโs Success with New License
Stay updated on Coinbaseโs recent win in Canada:
Coinbase Bolsters Canada Presence with Restricted Dealer License
