Cryptocurrency traders globally can now purchase cryptocurrencies on Binance exchange by using Apple Pay and Google Pay.
According to Business.com, Apple Pay alone has 43.9 million users while Google Pay has 25 million users, making it the second-most widely used digital wallet worldwide. That makes it one of the most popular payment options available today.
Moreover, through Binance, almost 120 million crypto enthusiasts would be able to purchase cryptocurrencies using Apple Pay and Google Pay.
With this development, the biggest cryptocurrency exchange in the world, Binance, has made it a priority to give customers a variety of purchasing alternatives.
Users may now buy cryptocurrencies on the site using both Apple Pay and Google Pay thanks to an upgrade to Binance Build.
The decision taken by Binance is a big step in the right direction for improving the service’s usability and encouraging more people to start investing in cryptocurrencies.
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The claim also says that people can easily purchase bitcoins using these well-known payment methods.
However, Binance’s action comes after Crypto.com on June 24, 2022 offered its users the ability to pay with Apple Pay. Update on #BinanceBuild: Apple Pay and Google Pay are now accepted methods of payment on #Binance! buy cryptocurrency easily picture
Binance (@binance) Binance will increase adoption of Crypto In the financial sector, the value of payment applications has dramatically expanded in recent years.
Additionally, cryptocurrency consumers can use these apps on a more regular basis than ever before, and they are gradually being included into the cryptocurrency ecosystem.
Due to both mobile wallets, the Binance move surely gives a significant market share of consumers in digital assets an opportunity.
The introduction of these mobile wallets, however, signals a change in the accessibility of cryptocurrency to a wider public.
Additionally, these digital wallets’ adaptability has the potential to attract new cryptocurrency customers to Binance and the bitcoin space.
Binance is also making an increased effort to abide by American regulators and law enforcement. To “assist support regulations that benefit and safeguard consumers,” the biggest bitcoin exchange joined the American lobbying group Chamber of Digital Commerce on December 21.
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