Coinbase is about to activate Apple Pay integration: the whole world is moving toward mass digitization of all kinds of transactions, but are we sure we are on the right track?
Are we really convinced that, in this way Cryptos will be able to set us free, or is this yet another ploy to be able to keep us controlled, or even managed?
All it takes is one simple action and we are cut off from the economic world....
Coinbase, the international cryptocurrency exchange, is set to integrate Apple Pay into its platform, making it significantly easier for customers in the United Kingdom to buy and sell cryptocurrencies. The integration, announced on Wednesday, April 10, is part of Coinbase's efforts to boost cryptocurrency adoption in the UK.
The UK market holds significant importance for Coinbase, with the country recording over $1.39 billion in cryptocurrency profits just last year. The integration with Apple Pay is expected to streamline the process of purchasing and selling cryptocurrencies for British citizens, particularly for mobile users.
Despite being a positive development, the launch of Apple Pay comes at a time when the cryptocurrency market is facing various challenges. In its latest commentary on Friday, April 5, Coinbase highlighted that cryptocurrency trading volumes have been slowing down as the market seeks a catalyst to trigger an upward movement.
Coinbase seems confident that the upcoming Bitcoin halving event, scheduled for April 20 or 21, could serve as the catalyst to reignite the market. The halving event involves cutting the block validation rewards for Bitcoin miners in half, which is expected to reduce Bitcoin's supply and consequently drive up its price.
The introduction of Apple Pay and the imminent Bitcoin halving represent positive developments for both Coinbase and the British cryptocurrency market. With the growing interest in cryptocurrencies in the UK, Coinbase is well-positioned to capitalize on this trend, and the integration of Apple Pay marks a significant step forward in making cryptocurrencies more accessible to British citizens.