- Crypto enthusiasts now have Apple Pay and Google Pay accessibility to buy cryptocurrency.
- Around 120 million users could have the opportunity to buy cryptocurrency via Binance.
The largest cryptocurrency exchange in the world Binance has set forth to provide users with various options for buying cryptocurrencies. The platform has updated Binance Build to offer users to purchase cryptos using both Apple Pay and Google Pay.
The Binance action is a significant step toward enhancing the service’s would help to evolve usability and the adoption of crypto investing by the wider population. Additionally, the statement states that users can utilize these well-known payment options to buy cryptocurrencies in a simple way. However, Binance’s move comes after Crypto.com introduced the Apple Pay payment option to its user on June 24, 2022.
Binance to Enlarge Crypto Adoption
The value of payment applications in the financial industry has significantly increased in recent years. Also, these types of apps are being used by users more frequently than ever before, and they have continuously been integrated into the cryptocurrency ecosystem.
The Binance step undoubtedly provides an opportunity for a sizable market share of people in digital assets due to both mobile wallets. That is among the payment methods most widely used in the marketplace. There are 43.9 million users of Apple Pay alone, as per Business.com. And Google Pay has 25 million users, which makes it the leading and second most popular digital wallet overall.
However, the arrival of these mobile wallets in the cryptocurrency arena indicates a development in the availability of digital assets to a broader audience. Also, the flexibility of these digital wallets has the ability to bring new users to Binance and the cryptocurrency realms.
Further, Binance is working harder to comply with American regulators and law enforcement. On December 21, the largest cryptocurrency exchange joined the American lobbying firm Chamber of Digital Commerce to “help promote policies that benefit and protect users.”