The biggest cryptocurrency exchange in the world, Binance, has announced that it will now work with Apple Pay and Google Pay. This will make it easier for customers to buy and sell bitcoin using the popular mobile payment systems. With Apple Pay’s 43.9 million users and Google Pay’s 25 million users, this move is likely to make it much easier for people to use bitcoin, especially during the current bear market.
These additional possibilities are exclusive to the direct purchase of cryptocurrency. Depending on where the user lives, the right options are available for transactions that take place through the P2P market service.
In addition to making it easier to buy and sell cryptocurrencies, this integration is in line with Binance’s efforts to make the US crypto industry more open and regulated. On December 23, Binance CEO CZ went on Twitter to talk about the FUD (fear, uncertainty, and doubt) surrounding the exchange and its commitment to compliance.
The integration of Apple Pay and Google Pay into Binance’s platform is a major step forward in making it easier for everyday consumers to get involved in the world of cryptocurrency. More people will feel comfortable buying and selling bitcoin if they can use their trusted mobile payment systems. This could lead to more people using cryptocurrencies in general.
Cover: “Binance-Logo am PC-Monitor, durch eine Lupe fotografiert” by marcoverch is licensed under CC BY 2.0.
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