On Thursday, global cryptocurrency wallet and exchange platform Crypto.com added Google Pay as a payment method for Android users to purchase cryptocurrencies. Google Pay is rated have over 100 million users who could use the latest payment gateway in the cryptocurrency markets.
Users who have set up their Google Pay accounts to link a credit or debit card will be able to choose their payment method in the Crypto.com app. Exchange lists over 250 cryptocurrencies available to approximately 50 million users worldwide.
Crypto.com has been in the headlines in recent months as the company quickly acquired licenses to operate in several countries. Italy has become the latest country to give the firm the green light to serve clients within its borders, following regulatory approval from Greece, Singapore and Dubai.
The integration of major payment systems into cryptocurrency wallets and exchange platforms has accelerated over the past two years. Google Pay announced its intention to continue exploring the cryptocurrency space in January 2022 when former PayPal chief executive Arnold Goldberg was named head of their payments division.
This comes after an eventful 2021 for Google Pay and the cryptocurrency space, which was integrated with Gemini in April to offer the same features that 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, and Nexo also announced the integration of Google Pay with the launch of its cryptocurrency Mastercard cards in April 2022.
Credit : cointelegraph.com