Binance Integrates Apple Pay and Google Pay

Binance, the world’s largest cryptocurrency exchange by number of customers, has integrated Apple Pay and Google Pay as payment methods, according to a tweet made on December 29.

Apple Pay and Google Pay are popular and have been widely adopted in recent years. By adding support for these payment options, the exchange makes it easier for users to hold and trade cryptocurrencies, increasing adoption.

According to Binance, the service is only available to residents of the United Kingdom and the European Economic Area (EEA). The disclosure indicates that customers can use these well-known payment options to purchase coins and tokens listed on Binance. However, users should be aware that processing services are not provided directly by Binance. Instead, all purchases will be made through “third-party partners” with whom Ramp collaborates from time to time.

Users who wish to receive crypto assets via Apple Pay or Google Pay must complete Binance’s account verification process. Adding these new payment options are some of them Updates and Improvements Created by Binance. Previously, Ramp unveiled Binance Pay and Binance Card.

Google Said earlier this month that by 2023, some of its customers will be able to pay for cloud services using cryptocurrency. The connection is being developed with the cryptocurrency trading and storage platform Coinbase Prime.

mastercard also started a plan in mid October “To enable financial institutions to offer cryptocurrency trading to their consumers.” Jorn Lambert, Mastercard’s chief digital officer, said there is a large customer base “who are really interested in, and intrigued by, crypto,” but they would be more confident if their financial institutions provided the services.

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