Users of Google Pay now have another access point to the cryptocurrency markets thanks to Crypto.com’s integration of its payment options.
Crypto.com Adds Google Pay Feature
A Google Pay in-app purchase option will soon be available on the cryptocurrency wallet and trading platform Crypto.com App, allowing users to buy cryptocurrency quickly and securely. The crypto exchange will introduce this newest feature the next week. According to the most recent update to the platform, Android users will have the choice to pay with Google Pay when buying cryptocurrency.
Mobile users may buy in-app items quickly and easily with Google Pay. Customers can use their Android smartphones, tablets, or watches to make payments.
Users who have linked their Google Pay accounts with a credit or debit card will be able to select the payment option when on the Crypto.com app once the integration is live next week. More than 250 cryptocurrencies are available on the exchange, which has over 50 million customers globally.
BTC/USD trades at $23k. Source: TradingView
Recently, Crypto.com has made headlines after swiftly obtaining permits to conduct business in a number of countries. Following regulatory permission in Greece, Singapore, and Dubai, Italy is the latest country to give the company the all-clear to start serving consumers within its borders.
In May, Crypto.com announced that it was partnering with Shopify to enable Crypto.com Pay on merchant storefronts, providing clients more options for buying cryptocurrencies.
This comes after 2021, a busy year for Google Pay and the cryptocurrency industry, which saw integration with Gemini in April and provided the same functionality as Crypto.com’s recently unveiled service. Customers can now use their Coinbase Card to pay for goods and services using Google Pay thanks to collaboration with Coinbase in June 2021. Additionally, Google Pay joined forces with Bakkt in October 2021. In April 2022, Nexo said that it would integrate Google Pay with the introduction of its Mastercard cards backed by cryptocurrencies.
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Steps To Buy
Customers must first link a credit or debit card to their Google Pay account in order to enjoy this service. Customers will be able to make purchases in the Crypto.com App using Google Pay, which is a quick and safe option, after connecting their credit card to their Google Pay account. With the help of this integration, Google Pay may now be used to buy more than 250 of the most well-liked cryptocurrencies. By simply following these steps, users can buy cryptocurrency using Google Pay:
1. Tap Trade on the homepage in the Crypto.com App
2. Tap Buy and select a cryptocurrency
3. Under Cash, select Google Pay and tap the Buy button again
4. Tick the Checkbox to accept the card processing fee and tap Continue
5. Tap Confirm to complete the purchase
The user’s balances in their Crypto Wallet will be appropriately updated once the transaction is complete, and they will also be able to examine their transaction history on the Crypto.com App.
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Featured image from Shutterstock, chart from TradingView.com
Source: https://bitcoinist.com/google-pay-to-allow-customers-to-buy-crypto/