The world’s largest crypto exchange Binance will now support Apple Pay and Google Pay for crypto purchases.
In a Dec. 30 announcement, Binance said it would add support for Apple Pay and Google Pay on its platform.
Apple Pay and Google Pay payment options are now available on #Binance!
Purchase crypto, with ease ???? pic.twitter.com/iXKUtvLYeG
— Binance (@binance) December 29, 2022
At the time of writing, it was not clear which countries were included in the new payment feature. The image in Binance’s Twitter update shows BUSD being purchased with Euros through Apple Pay and Google Pay, but some users based in India and Australia reported being unable to utilize the options.
Apple Pay is one of the most popular mobile payment services in the U.S. with close to 44 million people having used the service at least once. Data shows that, outside of China, the platform has the largest transaction volume of any mobile payment service operational today.
According to Earthweb, Google Pay has 150 million users across the world in 42 global markets.
The move was seen as a welcome development for furthering mainstream adoption of cryptocurrencies, particularly in a bear market that has slowed the pace considerably.
Blockchain analytics firm Chainalysis found that global adoption had leveled off in the last year, despite growing consistently since 2019.
“The data suggests that many of those attracted by rising prices in 2020 and 2021 stuck around, and continue to invest a significant chunk of their assets in digital assets,” said Chainalysis in a September report.