Crypto.com has launched a new feature allowing them to buy cryptocurrencies through their Android phones, tablets, and other mobile devices using Google Play. The initiative plans to make it more convenient for people to buy cryptocurrency easily and conveniently.
Crypto.com is a leading cryptocurrency exchange based in North America. The exchange now has a new in-app Google Pay purchase feature that users can use if they have already linked their debit or credit card to Google Pay.
Users can also buy more than 250 cryptocurrencies listed within the Crypto.com app. Users that want to use the feature must use the “Trade” icon on the application’s homepage. They can later select the “Buy” icon to choose the cryptocurrency they intend to use.
A user will then see the “Google Pay” feature under the “Cash” icon, where they can press “Buy.” Afterward, the user has to select the checkbox and accept the processing fees charged on the card. They can then choose “Continue” and later “Confirm.”
After the user completes the purchase process, the balance will be updated within the user’s wallet. They can also view the transaction history within the Crypto.com application. In May this year, Crypto.com expanded Crypto.com Pay to Shopify merchants, allowing customers to purchase products using more than 20 digital assets.
The cryptocurrency exchange also offers a Visa card that offers cash back through Cronos (CRO). CRO is the native token for Crypto.com. CRO has not been performing well this year, dropping by around 15% in May.
Google Pay’s growing use in crypto
Google Pay has become one of the most used features by crypto users that want an easy way to buy cryptocurrencies. In October last year, Google partnered with Bakkt, a digital asset marketplace, to enable users to support the Bakkt Visa Debit Card within Google Pay.
This partnership allowed holders of this card to use Google Pay to buy assets using cryptocurrencies at a merchant shop that accepts Visa cards. At the time of the partnership, the CEO of Bakkt, Gavin Michael, said that the move demonstrated the strong position taken by Bakkt within the digital assets space. The move will also allow customers to access digital assets in a real-time, reliable, and secure manner through an in-class innovative platform.
