Crypto.com is a well-known cryptocurrency exchange that is operating globally. The reason why this exchange has got so much popularity is that they are aggressive in marketing and they keep on running various campaigns and advertisements related to crypto. Marketing is very important for any company and this company does it aggressively which means they are going to get more people on their platform and even more attention to crypto. They are also doing good in terms of innovation because they keep on introducing new products in multiple countries. This is one of the exchanges that started its cards for payment a long back however these are not available in all countries. Understandably, they need to follow the country's norms for the cards and India is one of the countries where their cart service is not functional.
Now they have done another great thing they have added Google and Apple Pay support for users in Canada. This is a good thing for users in Canada because now they can buy or sell crypto easily using both payment options. These days people prefer more options that are easy to transact through mobile instead of using cards. This is right that there are so many people in the world who use cards for payment but we also have to agree that Google and Apple Pay are easy-to-use services that we can use through mobile. Making a payment using a mobile is convenient and fast and we can do it with ease.
This option has been launched for Canadian users as of now however it is expected that the exchange will expand the service to many other countries. Sadly this will not be available for India as of now because the current regulation does not allow but I will look forward to having it whenever it is launched. I believe that providing more payment options to deal in crypto is a way to create easy access ability to people and that is needed. If we are expecting more people to be part of the crypto market then we need to provide them with easy access ability and multiple payment options are one of the components that have to be in place.
Crypto.com users in Canada who use the Crypto.com Visa Card will now be able to link their cards to Apple Pay and Google Pay. All that is required is for a user to add their Crypto.com Visa card details to his or her Apple Pay wallet or Google Pay. The service will also be available to iOS users who use Apple watches.
Not since this exchange had started these options already so hopefully many other exchanges will also follow the same and will provide many payment options which are easy to use. A common payment option is provided by most of the exchanges where we need to deposit the Fiat currency in the wallet and then buy the crypto but that takes time. It should be like online shopping where we can add coins to the cart and checkout by making the payment through various payment options.
Some Indian exchanges are also working on a model where they will be able to issue the cards part payment part because of the regulations issues they are unable to do this. there is a company called gosats that has started providing cards but they are issuing cards with controlled inventory 10 most of the applications are on the waitlist. Hopefully, things will be better and Indian you just will also be able to use these features that are offered by the exchanges where making the crypto transactions is easy.
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