Global cryptocurrency exchange and wallet platform Crypto.com is adding Google Pay as a payment option for Android users to purchase cryptocurrencies. Google Pay is estimated to have over 100 million users who could make use of the latest payment gateway to cryptocurrency markets.
Once the integration goes live next week, users who have set up their Google Pay accounts to be linked with a credit or debit card will be able to choose the payment option when in the Crypto.com app. The exchange has more than 250 cryptocurrencies that can be accessed by some 50 million users around the world.
Crypto.com has made headlines in recent months as the company has acquired licenses to operate in a handful of countries in quick succession. Italy is the latest country to give the company the green light to start serving customers within its borders, following regulatory approval in Greece, Singapore and Dubai.
The integration of major payment systems into cryptocurrency exchanges and wallets has accelerated in the last two years. Google Pay indicated its intention to further explore the cryptocurrency space in January 2022 with the appointment of former PayPal executive Arnold Goldberg to lead its payments division.
This came after an eventful 2021 for Google Pay and the cryptocurrency space, which saw the integration with Gemini in April offer the same functionality that Crypto.com has now introduced. A partnership with Coinbase in June 2021 allowed users to pay for goods and services through Google Pay using their Coinbase card.
Google Pay also joined forces with Bakkt in October 2021, while Nexo announced the integration of Google Pay with the launch of its cryptocurrency-backed Mastercard cards in April 2022.
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