Crypto.com accepts Google Pay as a payment option
Crypto.com enables Google Pay payments for Android users to buy cryptocurrencies.
In fact, it had already made Google Pay available as a payment option in May, but only for Australian and New Zealand users.
🇦🇺🇳🇿 AU & NZ Visa card users
📲 You can now make payments with Google Pay™️
Enjoy the security and convenience of Google Pay online and in store 🙌
Are you using an Android device? Add your card now💳 pic.twitter.com/Zob6YMJkRk
— Crypto.com (@cryptocom) 19 May 2022
They are now preparing to enable Google Pay payments for users in other countries as well.
Crypto.com expands the use of Google Pay to the rest of the world
An in-app purchase option with Google Pay will soon be available on Crypto.com‘s app. The new feature is expected to go live next week.
Google Pay allows people to link credit or debit cards to their account so that they can use them to make online payments by letting them choose which one to use. When selected as a payment option on the Crypto.com app when making a purchase, it will be possible to choose which card you want to pay with.
To use this new feature, users of the Crypto.com app must first link at least one credit or debit card to their Google Pay account.
They will then be able to make purchases in apps with Google Pay as payment.
When purchasing cryptocurrencies, the app will allow users to opt out of Google Pay cash payment options in fiat currencies.
In other words, this will by all means be a purchase paid for by credit or debit card, but through Google Pay, which works as a wallet with cards that you can choose which you want to use to pay.
It is estimated that Google Pay now has over 100 million userswhile Crypto.com is expected to have around 50 million.
Google Pay is expanding into the crypto world
Other crypto exchanges have already integrated payments with Google Pay in the past, and especially US-based ones The twins and Coin base. These were not accidental two regulated exchanges.
Recently, however, questions have been raised as to whether it is appropriate to offer private investors the opportunity to buy cryptocurrencies by paying with a credit card.
In particular, Taiwan’s Financial Supervisory Commission (FSC), the country’s financial regulator, sent a letter to the Association of Banks in early July to remind them that they should not use virtual assets. The letter also stated that credit cards are essentially payment instruments for consumers, and not tools for them to make speculative high-risk investments.
In Taiwan, for example, credit cards can already be used as payment instruments for online gambling, stocks, futures, options and other transactions. Now cryptocurrency purchases also end the party.
