Google Pay New Crypto.com Partnership Allows Cryptocurrency Purchases
Google Pay has now been integrated by Crypto.com, allowing users with an Android device and the Google Pay app to buy cryptocurrencies.
Crypto.com, a global cryptocurrency exchange, has added a new payment option that will ease the process of purchasing cryptocurrencies via mobile devices. Google Pay is a global payment method that allows users to seamlessly send, receive, and pay for goods and services.
Founded in 2016, Crypto.com has over 50 million users globally. The in-app integration feature will allow users who hold a debit or credit card to seamlessly purchase crypto. As per the details, the integration is set to go live next week.
Crypto.com previously integrated Google Pay for Visa card users in Australia and New Zealand on May 19, 2022. The integration allowed users who held a Crypto.com Visa card to make payments with the Google Pay app.
The latest integration feature can be availed by users by clicking on the “Trade” button on the homepage of the exchange’s app. After clicking on buy, users can then select Google Pay as the preferred mode of payment under the Cash section.
Even though the firm had laid off several employees amidst the harsh market conditions, the firm is expanding its base globally.
Crypto.com is the latest exchange to receive regulatory approval from Italian financial regulators. The exchange recently stated that it has obtained the regulatory clearance of Organismo Agenti e Mediatori [OAM] in a news statement.
As a result, the exchange will be able to provide a wide range of products and services to its Italian consumers. Furthermore, Crypto.com became one of the few notable cryptocurrency exchanges to receive in-principle permission from the Monetary Authority of Singapore [MAS] for a Major Payment Institution License.
