Binance Allows Apple Pay and Google Pay Crypto Purchases

The reveal specifies that customers can use these standard payment methods to buy cryptocurrency on the exchange. The change will make the service more available to the public and boost the popularity of cryptocurrency investment. Further, comments were added to the update confirming that users have tested the new functionality and found it functional.

One notable change in the banking industry in recent years is the increasing prevalence of payment applications. More people are using these apps than ever before, and their incorporation into the cryptocurrency world has been consistent. That's why they're being used in such a big way by the biggest cryptocurrency exchange platform. Binance announced the addition of support for Apple Pay and Google Pay for cryptocurrency purchases in a recent Binance Build tweet.

These mobile payment systems are among the most widely used in the world, which means they each have the potential to attract a sizable chunk of the consumer market interested in digital assets. Apple Pay has 58 million users, while Google Pay comes in at a distant second with 25 million. In addition, introducing these mobile wallets to the world of cryptocurrency represents yet another advancement toward the widespread availability of digital assets.

This update might bring the most users to Binance and the cryptocurrency market because of its simplicity.