OKX Adds Apple Pay for Faster Crypto Purchases in US and EEA

OKX has expanded its payment options by integrating Apple Pay for users in the United States and the European Economic Area, allowing for faster and more secure crypto purchases. This move enables customers to buy digital assets using stored card information and biometric verification, eliminating the need to manually input sensitive financial details during transactions. The integration is part of OKX’s broader effort to simplify and streamline the crypto buying process, making it more accessible for new and existing users [1].

This update follows closely on the heels of similar developments in the crypto industry. Just one day before OKX’s announcement, Kraken revealed that it had begun accepting PayPal as a funding method for U.S. customers, allowing for instant USD deposits via PayPal balances, linked bank accounts, or credit cards, without requiring users to enter their bank credentials directly [1]. These updates underscore a growing trend among crypto platforms to incorporate widely used payment solutions to reduce friction in the on-ramp process for crypto trading.

The adoption of Apple Pay by OKX joins a series of recent payment integrations across the crypto sector. Binance, for example, recently enhanced its fiat gateway through a partnership with Worldpay, which added support for Apple Pay and Google Pay to facilitate smoother and quicker crypto purchases [1]. Similarly, in May, Mesh also introduced Apple Pay as a payment option, enabling instant conversion of cryptocurrencies into stablecoins to make transactions more merchant-friendly [1].

JPMorgan has also made strides in bridging traditional finance and crypto by forming a partnership with Coinbase. The collaboration will allow Chase credit card users to buy cryptocurrencies later this year, further integrating crypto into mainstream financial services [1].

These developments highlight the ongoing efforts by crypto exchanges and financial institutions to make digital asset trading more user-friendly and aligned with everyday payment experiences. By reducing the complexity associated with funding and executing crypto transactions, platforms like OKX aim to encourage wider adoption among retail investors and everyday consumers.

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[1] OKX launches Apple Pay integration to simplify crypto purchases in US and EEA – https://coinmarketcap.com/community/articles/6895e7e11214ff464aa18f38/