Binance Confirms Integration of Apple Pay and Google Pay

The leading cryptocurrency exchange in the world, Binance, stated on December 29 that its users can now purchase cryptocurrencies using both Apple Pay and Google Pay. 

Following the collaborations and expansion plans with the two renowned platforms, which are two of the most frequently utilized payment methods worldwide, it will be much simpler for Binance users to purchase and sell cryptocurrency.

This action is also expected to increase cryptocurrency usage during the current bear market as these popular mobile wallets offer the chance for a sizable user base. 

At present, nearly 25 million people use Google Pay, while 43.9 million people use Apple Pay. Currently, there is a 2% transaction fee. The feature’s accessibility varies depending on where the user is. 

Additionally, Twitter is filled with individuals who claim that the feature is operational and has undergone successful testing.

Notably, Apple devices are compatible with Apple Pay, a digital payment service that enables users to make purchases within iOS apps. Similar to Apple Pay, Google Pay was created as a platform for Android smartphones to support mobile payments.

Binance’s Efforts to Increase Industry Presence 

On December 20th, Binance issued a press statement announcing the company’s membership in the Chamber of Digital Commerce, a lobbying group for the cryptocurrency industry in the United States. 

This effort appears to be taken in order to speed-up the establishment of transparency rules in the crypto sector in the United States.

Earlier, a number of negative media stories concerning CZ’s corporation cast doubts on the exchange’s proof of reserves, and withdrawals rose as a result. 

However, on December 23, Binance CEO CZ used Twitter to address the reasons for the recent FUD surrounding his cryptocurrency exchange. 

CZ frequently cited media coverage as the source of FUD, alleging that part of it was “paid” to spread false information without any proof.