In the latest Binance Build update, the exchange integrated Apple Pay and Google Pay. Users can now buy crypto using these popular payment services.
This move is a huge step for Binance in improving service accessibility as well as mainstream adoption of crypto.
According to Binance, payment applications such as Apple Pay and Google Pay have become increasingly prominent in the financial sector in recent years. Consumers are using them more often than ever, and bringing these platforms into the crypto space is only a matter of time and is sure to get a huge market share.
Apple Pay alone boasts 43.9 million global users, according to Business.com. Meanwhile, Google Pay owns 25 million people. These are the two most widely used wallet apps on the market.
However, despite the usefulness of this integration, there will be a certain amount of users that won’t be able to reach it, since Apple Pay and Google Pay are not available in all countries. Coinbase also linked its payments to these two apps as early as June 2021.
Binance Pay is a payment service that allows users to send and receive nearly 150 different cryptocurrencies without entering complicated wallet addresses like a regular custodial wallet. Moreover, transactions via Binance Pay are entirely free and very fast.
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