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Two payment gateways Apple Pay and Google Pay have been integrated into the world’s largest cryptocurrency exchange Binance, to provide additional means of payment for users.
According to the latest update of the Binance exchange, users can now buy crypto using popular payment services on both iOS and Android operating systems, Apple Pay and Google Pay.
With a huge user base from Apple and Android, customers have easy access to crypto transactions. Apple Pay alone has 43.9 million global users, according to Business.com. Meanwhile, Google Pay owns 25 million people. These are both wallet applications that have a very strong growth potential in the present and in the future.
This move by Binance is a strong step forward, bringing the opportunity to access cryptocurrency to a wider customer base. It is also a pioneer in improving service accessibility and mainstream adoption of crypto. Previously, Coinbase in the US also linked its payment with these two applications quite early in June 2021.
Payment apps like Apple Pay and Google Pay have become increasingly prominent in the financial sector in recent years. The number of regular users is increasing exponentially. So connecting these tools to the crypto sector will be a logical way to build in the future.
Two weeks ago, Binance Pay was launched in the US market. Binance Pay is a payment service that allows users to send and receive nearly 150 different cryptocurrencies without the need to enter complicated wallet addresses like a regular custodial wallet. What’s more, transactions via Binance Pay are completely free and very fast. The announcement of links with Apple Pay and Google Pay can also be considered as “standing on the shoulders of giants” to develop and attract users.
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