Binance added new payment options on its platform for buying cryptocurrency, namely Apple Pay and Google Pay.
The increasing popularity of payment apps is a real development in the financial sector over the last few years. Consumers use these types of applications more frequently than ever before. In addition, its application in the world of cryptocurrencies is stable.
Furthermore, the largest cryptocurrency exchange platform by volume implemented it in a big way. In a recent Binance Build Tweet, Binance announced that users can now purchase cryptocurrency with Apple Pay and Google Pay.
These two digital wallets are the most popular and certainly open up a wide potential market share for users interested in digital assets. Apple Pay alone has 43.9 million users, according to Business.com.
In comparison, according to the same data, Google Pay has 25 million users, and these digital wallets respectively rank first and second in terms of total digital wallet users.
Moreover, the introduction of this digital wallet to the cryptocurrency world marks another step forward for the mainstream accessibility of digital assets. With the ease of use that this kind of update brings, Binance and the crypto industry as a whole has the potential to enjoy the largest customer acquisition into the crypto space.
Previously reported, Binance CEO Changpeng Zhao said that the crypto sector should not be banned and that it would be better if it was given special regulations because digital currencies are now more and more.
"I think many governments now understand that adoption of (crypto) will still occur. So it's better to regulate the industry than to fight it," explained CZ, as Changpeng is known, at the Binance event which was held in Greece.