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The cryptocurrency market in recent years has taken a different course after significantly increasing the use and management of digital assets not only as a form of international money exchange but also as savings or investments in the future. Trading crypto has never been this easy with Bitcoin Mastery platform.
Not only are individuals joining this new concept of decentralized finance, but large companies like Google have decided to adapt their platforms to allow their users to enter the crypto market.
Now are the time for Google Pay and its users who exceed 100 million to interact as a payment platform for the acquisition of digital assets, after allying with Crypto.com, considered one of the largest Exchange platforms in the world and which also offers the option of wallets.
Once cryptocurrency investors and users are on the Crypto.com exchange platform, they can view Google Pay among the payment options as long as they have a credit or debit card affiliated with this service.
The product portfolio is estimated to offer around 250 cryptocurrencies that can be accessed by more than 50 million crypto users worldwide.
A crypto integration!
The advancement and adoption of exchange platforms worldwide have allowed today not only to have a new digital financial investment system but also the possibility of multiplying the capital invested in unimaginable amounts that, despite the complex situation of 2022, will stabilize the new cryptocurrency market.
Google Pay intends to keep exploring the digital financial market and the options it offers to its users, led by Arnold Goldberg, the executive who previously ran PayPal payments.
Although Google Pay alliances have been taking place one after another, everything indicates that the crypto environment is not strange to it, to the point of maintaining close commercial relations with Coinbase as a payment gateway so that users can pay for goods and services through Google Pay using the Coinbase card.
Also, in 2021, I consolidated relationships with Bakkt and Nexo, which launched their MasterCard-backed credit cards and associated them with the Google Pay payment gateway.
Are we facing massive crypto adoption?
Google's positioning worldwide with its various services allows not only the payment for the purchase of cryptocurrencies to be possible but also that we could be facing a global cryptocurrency adoption campaign.
Given this situation, it could be considered that even though the digital financial market is not at its best, Google Pay is betting everything that this new system that has gained so many followers can become an option that capitalizes on a more significant proportion of the services offered.
Importance of Google Pay gateway for the crypto market
With this new integration between Crypto.com and Google Pay, access to millions of users worldwide will be facilitated, which would reduce the process of buying crypto assets with the use of the payment methods offered by Google and, in turn, being able to use these cryptocurrencies for purchases in establishments that accept cryptocurrencies.
It could be considered the massive diversification of digital investment instruments, where operations can be carried out safely and reliably since both platforms have demonstrated their potential.
All the operations carried out will be stored on the Crypto.com platform, thus allowing users to verify any movement or transaction that is executed quickly and efficiently.
For many, the concept of cryptocurrencies is risky due to the volatility of the market. However, let's evaluate what this new decentralized financial system represents in depth. We could consider it the future of money.
Over the years, cryptocurrency has been gaining ground in terms of positioning among investors of financial assets, to the point that Bitcoin has managed to enter the stock market, which is undoubtedly a point in its favor.
The valuation of Bitcoin may be extremely high, but this is due to the supply and demand generated around this digital asset, where only users but those who have the power to increase or decrease prices.
With the use of Google Pay as a payment platform, significant support is given to the active crypto market since users want security tools when making any movement of money in their accounts, regardless of the purpose of its use.
A few years ago, cryptocurrency could have been considered a fairly complex issue. Still, today they have practically become a quite striking concept were not only those who invest in the short term but even those who do it in the long term.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.