Aptos Wallet Integrates Coinbase Pay, Bringing Fiat On-Ramps to Aptos Users

Key takeaways

• Aptos (APT) has revealed that one of its key hot wallets will be integrated with a variety of fiat payment options thanks to a recent collaboration with Coinbase Pay
• APT has found strong support at the $5 price level, CoinCodex algorithm expects this to be a turning point for the price trend
• New all-time highs are forecasted by the algorithm in 2024, with a 758% price increase expected from the current level

Petra Wallet will now offer a broad selection of fiat payment options to Aptos users

Petra Wallet, a leading hot wallet on the Aptos network, has recently been integrated with Coinbase Pay to improve the accessibility of the blockchain. Coinbase Pay offers a simple fiat on-ramp solution that enables Aptos users to easily purchase cryptocurrency using different fiat currencies, which Aptos has stated will help to “level up the Web3 user experience.”

Aptos Labs and @Coinbase Pay have teamed up to build the best web3 onboarding experience on Aptos!

Now available on @PetraWallet mobile or browser, this new integration comes as the next major step in our efforts to level up the web3 user experience! ? https://t.co/XYm5FRUD7a

— Aptos Labs (@AptosLabs) September 19, 2023

In a recent blog post, Aptos said that Coinbase Pay’s broad selection of payment options makes it the ideal choice for Petra Wallet. Users can now buy Aptos-based cryptocurrencies with PayPal, bank transfer, credit or debit card, and their Coinbase wallet balance.

Ultimately, Aptos hopes that its recent collaboration with Coinbase Pay will “help bring billions of people into Web3.” The partnership is expected to boost the accessibility of the Aptos network, removing any significant barriers to entry for users who may be new to blockchain technology.

The algorithm predicts a 758% price increase for APT: Is this the bottom of the recent downtrend?

Aptos (APT) has found strong support at the $5 price level after falling more than 75% from its yearly high. Despite the multi-month downtrend, APT remains 52.78% up year-to-date and has outperformed the rest of the crypto markets. To compare, the total crypto market cap (TCAP) is up 38.78% YTD.

The CoinCodex price prediction algorithm expects that APT’s current support level will form a new market bottom. The $4.94-$5.10 range has proven to be a strong area of demand for APT, with the token quickly breaking out from the level on both occasions that it dropped in.

From here, the algorithm expects that APT will gradually move upward toward a new all-time high in 2024. In total, APT is forecasted to rise by 758% from its current price to hit $38.97 in November of next year.

Bottom line: A strong technical foundation and continued ecosystem developments could spell a bright future for Aptos

Aptos’ new layer-1 blockchain delivers a range of exciting features. The network aims to usher in a new era for blockchain, offering an enterprise-grade distributed ledger that uses a highly scalable Delegated Proof-of-Stake (DPoS) consensus mechanism and a state-of-the-art smart contract system.

As of today, it has still been less than one year since APT first launched on the open market. Ongoing project developments, including the integration with Coinbase Pay, have highlighted the project’s intention to address key inefficiencies in Web3.

The project is expected to grow its influence and user base over the coming months and years, and the CoinCodex algorithm predicts that the APT token price will reflect this growth by posting a new all-time high in the near future.