Global cryptocurrency wallet and exchange platform Crypto.com added Google Pay as a payment option for Android users to buy cryptocurrencies on July 21. Google Pay is estimated to have over 100 million users that could use the latest payment gateway to cryptocurrency markets.
Users who have set up their Google Pay accounts to be linked with a credit or debit card can choose the payment option on the Crypto.com app. The exchange lists over 250 cryptocurrencies accessible to some 50 million users it serves worldwide.
Crypto.com has been in the headlines recently as the company acquired licenses to operate in a handful of countries quickly. Italy was the latest country to give the firm the green light to begin serving customers within its borders, following regulatory approval in Greece, Singapore, and Dubai.
The integration of major payment systems into cryptocurrency wallets and exchange platforms has picked up over the past two years. Google Pay indicated its intent further explore the cryptocurrency space in January 2022 with the appointment of former PayPal executive Arnold Goldberg to head up their payments division.
This came after an eventful 2021 for Google Pay, and the cryptocurrency space, which saw integration with Gemini in April to offer the same functionality Crypto.com has now introduced. A partnership with Coinbase in June 2021 allowed users to pay for goods and services through Google Pay using their Coinbase Card.
Google Pay also joined forces with Bakkt in October 2021, while Nexo announced Google Pay integration with its cryptocurrency-backed Mastercard cards launch in April 2022.
Source: Cointelegraph.com
Disclaimer
Although the material contained in this website was prepared based on information from public and private sources that AMPRaider.com believes to be reliable, no representation, warranty, or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and AMPRaider.com expressly disclaims any liability for the accuracy and completeness of the information contained in this website.
