World Crypto Global
- Written by: Tareq Sikder
- Wed, 10 Apr 2024
- Israel
To facilitate cryptocurrency purchases for UnitedKingdom-based users, the crypto exchange Coinbase has announced the integrationof Apple Pay functionality. This development allows users to buy Bitcoin andother digital assets directly through their iPhones using the Apple Payfeature.Implementing Apple Pay Feature for Safer TransactionsAccording to Coinbase, enabling Apple Pay provides userswith a "more secure and private" method of purchasingcryptocurrencies. The exchange emphasized that when transactions are made usingApple Pay, card numbers are not stored on the device or Apple servers. Instead,a unique device account number is assigned, encrypted, and stored in a chipdesigned for securing payment information.This integration arrives at a time when the cryptocurrencymarket is experiencing a slowdown in trading volume and retail interest.Coinbase recently reported decreasing crypto volumes as the market seeks newnarratives to drive prices higher. While the upcoming Bitcoin halving eventcould potentially spark price increases, the exchange acknowledged thechallenge of navigating a historically weak period for risky assets likecrypto.Daniel Seifert, the UK Country Director at Coinbase, stated that the new integration helps make accessibility to digital assets easier inthe country. He said: We know usersalready love using Apple Pay in their daily lives, so it only made sense tobring this convenient way to pay to Coinbase as well. JUST IN: #Coinbase integrates Apple Pay for UK users, allowing secure and private crypto purchases directly on iPhones. Satoshi Club (@esatoshiclub) April 10, 2024Crypto Social Media Engagement Wanes despite Market BuzzBeyond trading volume, social media engagement data indicates subdued retail interest in cryptocurrencies. LunarCrush, a socialanalytics platform, observed fewer posts related to Bitcoin, Ethereum, andother cryptocurrencies on social media platforms. Joe Vezzani, the CEO at LunarCrush, noted thatsocial interactions within the crypto space are currently lower compared toprevious bull markets, even after accounting for spam and bot activity.This article was written by Tareq Sikder at www.financemagnates.com.
