Payment service Google Pay is used in the Android app of Crypto.com integrated as a payment option.
This could give 100 million users access to the crypto market.
More and more payment services and crypto trading platforms are entering into cooperations.
The Big Crypto Trading Platform and Wallet Crypto.com includes Google Pay as a new payment option for Android users. This could soon give more than 100 million new users access to the crypto market.
As soon as the integration is activated from next week, users who have connected their Google Pay account with a credit or debit card will be able to access the smartphone app of Crypto.com buy cryptocurrencies via this payment method. The crypto exchange has more than 250 cryptocurrencies and has almost 50 million users worldwide.
Crypto.com in recent months, the platform has been able to achieve even more success, so the platform has received approvals for business operations as a crypto service provider in Italy, Greece, Singapore and Dubai, among others.
The integration of large payment services in wallets and crypto trading platforms has increased significantly in the last two years. Under the aegis of former PayPal manager Arnold Goldberg, Google Pay in particular has been looking at increasing participation in the crypto market since January 2022.
In April 2021, Google Pay was already able to agree on a similar cooperation with the Gemini crypto exchange as it is now with Crypto.com , while in June 2021 a partnership was entered into with Coinbase, thanks to which users of the Coinbase Card can pay with it on Google Pay.
In addition, Google Pay teamed up with the crypto trading platform Bakkt in October 2021, while the crypto service provider Nexo entered into a cooperation with the payment service in April 2022.