Google Pay allows customers to buy crypto on Crypto.com
Google Pay users now have another access point to the cryptocurrency markets thanks to Crypto.com’s integration of the payment options.
Crypto.com adds Google Pay functionality
A Google Pay in-app purchase option will soon be available on cryptocurrency wallet and trading platform Crypto.com App, allowing users to buy cryptocurrency quickly and securely. The crypto exchange will introduce this newest feature next week. According to the latest update to the platform, Android users will have the choice to pay with Google Pay when buying cryptocurrency.
Mobile users can buy items in the app quickly and easily with Google Pay. Customers can use Android smartphones, tablets or watches to make payments.
Users who have linked their Google Pay accounts with a credit or debit card will be able to select the payment option when on the Crypto.com app when the integration is live next week. More than 250 cryptocurrencies are available on the exchange, which has over 50 million customers globally.
BTC/USD trades at $23k. Source: TradingView
Recently, Crypto.com has made headlines after quickly obtaining permits to operate in a number of countries. Following regulatory approval in Greece, Singapore and Dubai, Italy is the latest country to give the company the go-ahead to start serving consumers within its borders.
In May, Crypto.com announced that it is partnering with Shopify to enable Crypto.com Pay on storefronts, giving customers more options for purchasing cryptocurrencies.
This comes after 2021, a busy year for Google Pay and the cryptocurrency industry, which saw integration with Gemini in April and provided the same functionality as Crypto.com’s recently unveiled service. Customers can now use their Coinbase card to pay for goods and services using Google Pay thanks to the partnership with Coinbase in June 2021. Additionally, Google Pay merged with Bakkt in October 2021. In April 2022, Nexo said it would integrating Google Pay with the introduction of its Mastercard cards backed by cryptocurrencies.
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Procedure to purchase
Customers must first link a credit or debit card to their Google Pay account in order to enjoy this service. Customers will be able to make purchases in the Crypto.com app using Google Pay, which is a fast and secure option, after linking their credit card to their Google Pay account. With the help of this integration, Google Pay can now be used to buy more than 250 of the most popular cryptocurrencies. By simply following these steps, users can purchase cryptocurrency using Google Pay:
1. Press on Trade on the home page of the Crypto.com app
2. Press on Purchase and select a cryptocurrency
3. Below Moneyselect Google Pay and press Purchase button again
4. Check off Check box to accept the card processing fee and press Continue
5. Press on Confirm to complete the purchase
The user’s crypto wallet balances will be properly updated when the transaction is completed and they will also be able to examine the transaction history on the Crypto.com app.
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Featured image from Shutterstock, chart from TradingView.com
