Crypto.com integrates Google Pay for crypto purchases
Crypto.com today announced that its app is now compatible with Google Pay wallets. The new functionality will allow customers to use their Android mobile devices to make cryptocurrencies purchases.
While the Google doesn’t support crypto payment directly, Crypto.com users will have the option to make in-app purchases via credit or debit card through its payment app.
To use this feature, users must first add their credit/debit card to their Google Pay. After setting up their Google Pay with their bank card, users will be able to use Google Pay as a quick and secure way to purchase 250+ top coins in the Crypto.com App.
The news comes barley a month after Crypto.com integrated Apple Pay to its app and website. Apple Pay allows users to save their credit card details onto their iPhone devices, instead of storing the actual card numbers on the device or on Apple servers, and then they can pay via contactless terminals in shops or purchase items through apps.
The new functionality is only available now to users in the US, excluding residents of New York state and US Territories (Puerto Rico, Guam, American Samoa, Virgin Islands, Northern Mariana Islands). However, the exchange plans to roll out the feature “progressively” to other countries in the future.
It should be noted that to use the new payment option the client must have a US-issued Visa, Mastercard, or Maestro card that has been provisioned to Apple Pay.
Earlier in May, Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.
The integration aims to make things easier for Shopify’s almost two million merchants to expand their reach by making their products more accessible for customers who pay with crypto. Crypto.com Pay also offers an alternative to traditional card networks such as Visa and MasterCard.
With more than 200 million crypto users globally, this alliance represents a massive market potential for online merchants seeking to attract crypto users to their websites. Crypto.com Pay features zero transaction fees and only 0.5% for settlements— while integration only takes minutes for merchants to complete.
Crypto.com regularly ranks in the top five global exchanges by spot volume and claims its matching engine supports 2.7 million transactions per second with 50 microsecond core latency. Additionally, seamless USD transfers are available via integrations with Silvergate and Circle.