Binance announced that customers can now purchase cryptocurrency using Apple Pay and Google Pay.
According to Business.com, there are 43.9 million users of Apple Pay while Google Pay has 25 million users.
Users are now able to buy cryptocurrency using Apple Pay and Google Pay, according to a recent Binance Build update. The statement revealed that customers can utilize these popular payment systems to acquire the cryptocurrencies offered by the exchange.
The move is a significant step toward increasing the service’s accessibility as well as the popular adoption of bitcoin investment. Furthermore, the update was uploaded with responses already confirming that they had utilized the functionality and that it functioned properly.
#BinanceBuild update:Apple Pay and Google Pay payment options are now available on #Binance!Purchase crypto, with ease pic.twitter.com/iXKUtvLYeG
— Binance (@binance) December 29, 2022
In recent years, there has been a noteworthy increase in the significance of payment applications in the financial industry. Users are using these types of applications more than ever before, and their integration into the bitcoin realm has been consistent.
As a result, the largest cryptocurrency trading platform by volume is mass-implementing them. Binance has announced that customers can now purchase cryptocurrency using Apple Pay and Google Pay in their newest Tweet.
The possibility for a sizable market share of people interested in digital assets is undoubtedly enabled by the fact that both mobile wallets are among the most widely used on the market. According to Business.com, there are 43.9 million users of Apple Pay while Google Pay has 25 million users, making it the leading and second most popular digital wallet overall.
Additionally, the arrival of these mobile wallets in the cryptocurrency space represents a development in the accessibility of digital assets. The simplicity of use that this type of upgrade offers has the ability to bring Binance and the industry as a whole the newest users into the realm of cryptocurrencies.
Despite the usefulness of the payment integrations, there will be a certain number of users that are not able to utilize the services due to Apple Pay and Google Pay not working in all countries.