According to cryptocurrency exchange Coinbase, customers in the UK can now use Apple Pay on their iPhones to buy Bitcoin, Ether, and other digital assets.Apple Pay would, in Coinbase’s opinion, enable its users to purchase cryptocurrency in a “more secure and private” manner.According to the exchange, neither the device nor the Apple servers save credit card numbers when customers use Apple Pay to make payments.According to Coinbase, a distinct device account number is assigned, encrypted, and kept in a chip that is industry standard for storing payment data.According to Coinbase’s national director for the United Kingdom, Daniel Seifert, the new connection facilitates faster access to digital assets in the nation. He declared.
“We 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.”
Over six million adults in the UK possess cryptocurrency, according to Coinbase.The business stated that by reducing entry barriers to digital assets, the Apple Pay integration is a part of its aim to “increase this number.”
The integration happens at the same time as volume and retail interest in cryptocurrency are declining.According to Coinbase, as the market looks for the next big story to drive it higher, cryptocurrency volumes are down as of April 5.According to the exchange, a price increase could be sparked by the impending halving of Bitcoin.Nevertheless, the exchange also made clear that it has to deal with the fact that riskier assets like cryptocurrency are subject to a “typically weak time of year.”
Data on social media participation indicates poor retail interest in cryptocurrency in addition to low volume sales.The social analytics firm LunarCrush released statistics on April 10th, which indicated a decrease in social media posts pertaining to cryptocurrency-related keywords such as Bitcoin, Ethereum, and Solana’s token.In comparison with other significant bull markets, Joe Vezzani, CEO of LunarCrush, stated that there is less retail interest and social contact.The executive thinks there might be a drop in social media activity related to cryptocurrency after accounting for spam and bots.