Binance Introduces Apple Pay and Google Pay Feature

This year, the fallout of the Terra Luna ecosystem, as well as the bankruptcy filing of multiple crypto exchanges, disrupted the global crypto industry. Despite this, Binance is launching a number of initiatives and advancements to boost the confidence of the crypto community.

In line with this, Binance, the world's largest cryptocurrency exchange by trading volume, announced the addition of Google Pay and Apple Pay as new payment options on December 29. With the additional payment options, users now buy cryptocurrency using their mobile wallets like Google Pay and Apple Pay.

As per the official announcement, the services will initially be accessible to citizens of the United Kingdom and European countries. Binance's move to streamline the process of purchasing digital assets will increase the adoption of cryptocurrencies in the abovementioned countries.

The announcement was made public by Binance's official Twitter account using the hashtag "BinanceBuild Update." The tweet featured two graphics displaying the purchase of digital assets utilizing Apple Pay and Google Pay.

How to purchase digital assets using Google Pay & Apple Pay via Binance?

To buy any digital assets from Binance using Apple Pay or Google Pay, follow the instructions outlined below:

• Log in to your Binance account. Select the Buy cryptocurrency with Apple Pay/Google Pay/Mastercard option.

• A new trade page will appear; select the Fiat option and select the fiat currency you want to use. Then select Buy Crypto.

• Users can then enter the fiat amount they intend to spend, and the system will instantly display the amount of cryptocurrency a user can receive. Then, tap Buy.

• This will then give you the option of using Google Pay or Apple Pay to pay. Select the payment option you want to use then tap confirm.

• Once the payment details and fees have been verified, you can confirm the payment in less than one minute, with a 2% transaction fee.

• The user will then be redirected to the Google Pay or Apple Pay transaction page to complete the required instructions.

• After completing the payment, tap View Wallet to view your transaction history.

Binance takes another step toward mainstreaming digital assets

After the FTX debacle, Binance remains one of the most influential crypto exchanges. The platform previously established the industrial recovery fund to assist crypto projects experiencing liquidity crises. The platform then announced the second phase of the "Learn & Earn Crypto" program.

All this indicates that the platform is actively encouraging the community toward the digital assets sector. Furthermore, without the assistance of Binance CEO CZ, the platform will not be effective in mainstreaming digital assets.

What do you think about Binance broadening its payment options for purchasing cryptocurrencies? Please share your valuable thoughts in the comment section below.

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