The push for alternative payment solutions is rapidly growing, and crypto payment is currently taking the driving seat. Many businesses are turning to digital asset payments to save costs and enhance efficiency.
Users on the Google Pay platform can now utilize Crypto.com’s integrated payment solution to settle transactions. Crypto.com is a crypto payment platform used by several companies to allow customers to pay for services via cryptocurrency.
The exchange has over 250 digital assets on its platform, with more than 50 million users worldwide.
Google Pay Added to Crypto.com
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The popular cryptocurrency wallet is working on adding Google Pay features to its mobile app soon. Accordingly, users will be able to buy crypto assets quickly and securely.
A statement from the crypto payment provider revealed that Android users could choose Google Pay as an option when buying digital currency.
With the Google Pay integration, mobile app users can easily buy, transfer, and make payments on their devices.
Moreover, users can still link their credit cards to their Google Pay account to choose payment options on Crypto.com.
Crypto.com Acquires More Operating Licenses
Crypto.com is fast becoming a model for other virtual currency firms to imitate. The exchange is making waves across the industry due to its swift licenses from several countries.
Italy is now the latest country to have given the company approval to begin operations. Crypto.com has also acquired regulatory permission from Dubai, Greece, and Singapore.
All the countries have given the green light to the crypto exchange to begin serving customers within their territories. The partnership is another avenue where Crypto.com has made some hits. The recent deal between e-commerce platform Shopify in May is another milestone.
With the new development, Shopify customers can pay on the Crypto.com platform and buy crypto assets.
Google Pay Has Come of Age
Last year was a rollercoaster period for Google Pay and, indeed, the broader crypto industry. In April 2021, Google Pay integrated the Gemini payment system, which provides the same services as the most recent one with Crypto.com.
Customers can use their Coinbase crypto cards to make purchases, trade, or transfer funds using Google Pay. This was possible after the June 2021 collaboration between Coinbase and Google Pay.
Furthermore, in October 2021, Google Pay inked a deal with Bakkt to provide services similar to those mentioned above. Meanwhile, in April 2022, Nexo announced that it is considering a deal with Google Pay to provide payment options for its crypto-backed Mastercard cards.
Since entering the mainstream, cryptocurrency payment has become the preferred payment method for many. Individuals and organizations are increasingly looking for the most secure and reliable crypto payment platform.
One major attraction to crypto payments is their low processing fees. Unlike the traditional payment system, fees charged in crypto transactions are as low as $0.002. For many, instant processing is another advantage of using crypto payment over fiat.
Overall, most organizations are trying to integrate crypto payments into their platforms.