Binance launches Apple Pay and Google Pay feature

Key points: 

• Binance announced that users can now purchase cryptocurrencies using Apple Pay and Google Pay.
• Both of these mobile wallets are among the most popular in the market and undoubtedly open up huge market share potential for users interested in digital assets. 
• Consumers are using payment apps more than ever, and their implementation in the cryptocurrency world has been steady.

In a recent Binance Build update, the platform announced that users can now purchase cryptocurrencies using Apple Pay and Google Pay. The disclosure states that users can use these popular payment services to purchase cryptocurrencies offered by the exchange.

The move is a strong step towards improving the accessibility of the service and introducing cryptocurrency investments to the general public. Also, the response when the update was released confirmed that they have used the feature and it worked successfully.

Binance launches Apple Pay and Google Pay

The growing importance of payment apps has been a notable development in the financial sector in recent years. Consumers are using these types of apps more than ever, and their implementation in the cryptocurrency world has been steady.

Subsequently, the largest cryptocurrency exchanges by volume are implementing them on a massive scale. In the latest Binance Build tweet, Binance announced that users can now purchase cryptocurrencies using Apple Pay and Google Pay.

Both of these mobile wallets are among the most popular in the market and undoubtedly open up huge market share potential for users interested in digital assets. Apple Pay alone has 43.9 million users, according to Business.com. In comparison, Google Pay has 25 million through the same data, ranking first and second in the total number of digital wallet users.

Furthermore, the introduction of these mobile wallets into the cryptocurrency world marks another step forward in the mainstream accessibility of digital assets. With the ease of use provided by such updates, Binance and the industry as a whole have the potential to gain the largest number of customers in the cryptocurrency space.