Crypto.com App, a global cryptocurrency wallet and trading platform, recently announced the upcoming implementation of a Google Pay in-app purchase option, enabling users to acquire cryptocurrency rapidly and securely. The trading platform is going to launch this latest feature next week. When purchasing cryptocurrencies, users of Android will have the option to pay with Google Pay according to the platform’s latest update.
Google Pay is a quick and easy method for making in-app purchases on mobile devices. It gives customers the ability to pay using their Android smartphones, tablets, or watches. It is projected that more than 100 million people use Google Pay; these consumers could potentially use the most recent payment gateway to access cryptocurrency trading.
Once this integration goes live in the following week, users of the Crypto.com App who have already connected their Google Pay accounts to a credit or debit card will have the ability to select Google Pay as their preferred method of payment within the application. The exchange currently lists over 250 different cryptocurrencies, making them available to around 50 million consumers all over the world.
A More Streamlined Crypto Buying Experience
In order for customers to access this functionality, they will first need to link a credit or debit card to their Google Pay account. After linking their credit card to their Google Pay account, customers will be able to make purchases in the Crypto.com App using Google Pay, which is both a rapid and secure method. Thanks to this integration, Google Pay now supports the purchase of 250+ of the most popular cryptocurrencies. Users can acquire cryptocurrency with Google Pay by simply adhering to the following steps:
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
When the transaction is finished, the user’s balances in their Crypto Wallet will be adjusted appropriately, and they will also be able to view their transaction history on the Crypto.com App once it has been completed.
Crypto Adoption On The Rise
In recent months, Crypto.com has been in the news as a result of the company’s rapid acquisition of operating licenses in a number of nations. After receiving regulatory approval in Greece, Singapore, and Dubai, Italy is the most recent country to grant the company permission to begin serving clients within its borders. Over the course of the past two years, there has been a marked acceleration in the process by which major payment systems are being incorporated into cryptocurrency wallets and exchange platforms. When Google Pay appointed Arnold Goldberg, a former executive at PayPal, to manage and supervise its payments department in January 2022, the company made clear its intention to further examine the crypto industry.
This came about after the busy year 2021 for Google Pay and the cryptocurrency field, which saw integration with Gemini in April, offering the same capability that Crypto.com has now introduced. Cooperation with Coinbase in June 2021 enabled consumers to pay for goods and services with their Coinbase Card via Google Pay. In October 2021, Google Pay also teamed forces with Bakkt, and in April 2022, Nexo stated that it would integrate Google Pay with the launch of its cryptocurrency-backed Mastercard cards.
