SNEAK PEEK
- Customers of Crypto.com will be able to buy in-app items using a credit or debit card using the Google Pay app.
- The statement was made one month after Crypto.com integrated Apple Pay into its website and app.
- To use the new payment method, the customer must have a US-issued Visa, Mastercard, or Maestro card that has been given to Apple Pay.
Although Google doesn’t directly accept cryptocurrency payments, customers of Crypto.com will be able to use its payment app to make in-app purchases using a credit or debit card.
Users must first add their credit/debit card to Google Pay to use this function. Users will be able to utilize Google Pay as a simple and secure way to buy 250+ top coins on the Crypto.com App after setting up their Google Pay with their bank card.
A month after Crypto.com incorporated Apple Pay into its website and app, the announcement was made. Customers can save their credit card information onto their iPhone devices using Apple Pay, which enables users to pay using contactless terminals in stores or make purchases through applications without storing the actual card numbers on the device or Apple servers.
Users in New York state and US Territories are not included in the US users that can currently utilize the new functionality (Puerto Rico, Guam, American Samoa, Virgin Islands, Northern Mariana Islands). However, the exchange plans to “gradually” roll out the feature to more countries in the future.
It should be noted that the client must have a US-issued Visa, Mastercard, or Maestro card that has been supplied to Apple Pay to use the new payment option.
For international retailers to accept cryptocurrency payments and reduce processing costs through cash-final settlements, Crypto.com and Shopify, a leading Canadian e-commerce platform, joined earlier in May.
The integration intends to make it simpler for Shopify’s almost two million merchants to increase their consumer base by making their products more readily available to those who use cryptocurrency as payment. Additionally, Crypto.com Pay provides an alternative to well-known card networks like Visa and MasterCard.
With over 200 million cryptocurrency users worldwide, this alliance offers enormous market potential for online retailers looking to draw cryptocurrency users to their websites. The connection process for merchants with Crypto.com Pay just takes a few minutes, and there are no transaction fees and just 0.5% for settlements.
