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0 CommentsBinance, the world’s largest crypto exchange, has added support for popular payment platforms Apple Pay and Google Pay. This move is set to boost the adoption of cryptocurrencies amid the crypto winter. Users can now buy crypto on Binance and pay through popular payment services.
Binance, a popular crypto exchange platform, has added support for payment services Apple Pay and Google Pay, according to their recent update. Apple Pay is a mobile payment service that allows users to make payments in iOS apps and is supported by Apple devices. Likewise, Google Pay is a service developed to power contactless purchases on Android devices.
The two payment platforms are among the most popular ones in the community, therefore this move by the exchange could drive crypto adoption higher. Crypto Twitter is abuzz with users who affirm that the feature works and has been tested successfully.
Binance is currently faced with a massive outflow of cryptocurrencies. Amidst the fear, uncertainty, and doubt (FUD) surrounding the exchange’s insolvency, traders are moving their funds off the exchange to self-custody.
Binance CEO Changpeng Zhao addressed these concerns and assured traders that the FUD is due to external factors. The exchange is rolling out new features to onboard crypto traders to its trading platform.
Both mobile wallets are among the most popular on the market and surely open up the potential for a vast market share of users interested in digital assets. Apple Pay alone boasts 43.9 million users, according to Business.com. Comparatively, Google Pay boasts 25 million through the same data, standing as first and second in total users for digital wallets, respectively.
Moreover, the introduction of these mobile wallets to the crypto world marks another step forward in the mainstream adoption of digital assets. With the ease of usage that this kind of update provides, there is the potential for the greatest customer acquisition into the world of crypto for Binance and the industry as a whole.
