When the crypto industry was new, many people steered away from it due to the market’s technical complications. However, crypto has become an industry convenient for beginners and advanced traders.
Buying crypto has never been more accessible, and crypto exchange company, Crypto.com, continues to make it simpler. Crypto.com on Wednesday announced in a tweet that it is bringing in Google Pay and Apple Pay for its customers in Canada.
Users who employ the exchange’s Visa cards in the country can now utilize Apple Pay and Google Pay to make purchases and withdraw funds. All they have to do is add their Crypto.com Visa card details to their Apple Wallet.
IOS users can also use the service on their Apple Watch. On the other hand, Android users only need to add their card details on Google Pay. Users will be able to use the service after an SMS OTP verification.
Crypto.com has explained these processes in their latest blog post. Despite the service being available for only Canadian users, the community has speculated that others parts of the world would soon be able to enjoy it.
While others have hailed the announcement, a few complain that the latest function isn’t working.
Google Pay and Apple Pay users have been unable to employ the service successfully. As much as the new move could boost the use of crypto, the potential technical difficulties pose a threat to the industry.
Rise of the Crypto Industry
When the crypto industry first emerged, several people were skeptical about it. The industry’s technicalities scared off many because they feared it was being used for fraud. Recent times have seen corporates and industries beginning to adopt the use of digital currencies. The most recent was Starbucks which launched an NFT-based reward program named Starbucks Odyssey.
Starbucks Odyssey combines the successful Starbucks Rewards Loyalty program to allow customers to earn and buy digital assets that unlock experiences and rewards like free drinks. Different platforms for purchasing, trading, and transacting with digital currencies have also emerged, one of them being crypto.com.
Crypto.com is a cryptocurrency exchange company based in Singapore. The company also has its official cryptocurrency known as Cronos (CRO). The company boasts a customer base of more than 50 million globally.
It offers a variety of crypto products and services, including the Crypto.com app, the Crypto.com Exchange, the Crypto.com NFT, and the Crypto.com DeFi wallet. Crypto.com Exchange is made for institutional traders, while the Crypto.com app allows users to buy and sell cryptocurrencies.
Users can hold and stake crypto assets in their Crypto.com DeFi wallet, which is a non-custodial wallet. The Crypto.com NFT is an NFT marketplace where users can collect and trade non-fungible tokens. (NFTs)