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Crypto Exchange Taps 650 Million Users With New Payment Options
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Crypto Exchange Taps 650 Million Users With New Payment Options

Crypto Exchange Taps 650 Million Users With New Payment Options

The crypto exchange
and Web3 company Bitget has announced the integration of Apple Pay and Google
Pay into its platform, enabling users to convert fiat currency to
cryptocurrency within 30 seconds. This move is part of Bitget’s strategy to
enhance accessibility and streamline the crypto purchasing process for more than
650 million users.

Bitget Expands Payment
Options with Apple Pay and Google Pay Integration

The
integration allows Bitget users to buy cryptocurrencies using over 140 fiat
currencies across 100+ digital assets. By incorporating these widely-used
payment methods, Bitget aims to tap into a combined user base of Apple and
Google payments services, potentially accelerating crypto adoption among new
audiences.

“We’re
enabling broader masses and newer audiences to interact with crypto,” Gracy
Chen, CEO of Bitget, stated. “By offering popular payment options, we are
making crypto purchases instant and easy. This integration is another step
towards our vision of an equitable future world driven by crypto’s
evolution.”

The new
payment options complement Bitget’s existing payment gateway, which includes
services like Advcash, Banxa, and Mercuryo. This expansion follows the
company’s recent efforts to broaden fiat gateway support in the Middle East,
Africa, and Southeast Asia.

Apple Pay
and Google Pay offer enhanced security features and allow for quick purchases
via smartphones. Over 500 million people worldwide use Apple Pay, while 150
million use Google Pay.

Bitget Gains Momentum in
Crypto Market

Following
the appointment of Hon Ng as Chief Legal Officer, Bitget has continued to make
strides in the cryptocurrency industry. The exchange has seen significant
growth and expansion in key markets.

In Japan,
Bitget Wallet experienced a notable surge in adoption during the second quarter
of 2024. New user signups increased by 34%, propelling the wallet to become the
second most downloaded Web3 wallet in the country, trailing only behind
industry leader MetaMask.

Bitget’s
performance metrics have also been impressive. Despite not being the largest
exchange by total volume, the platform showed strong results from April to
June. It ranked third in net capital inflow among competitors, with investors
transferring $700 million to Bitget during this period. Additionally, overall
activity on the exchange rose by nearly 50%, indicating growing user engagement
and trust in the platform.

Established
in 2018, Bitget serves over 25 million users in more than 100 countries and
regions. The company has gained recognition for its copy-trading feature and
has partnerships with notable figures such as footballer Lionel Messi and
several Turkish national athletes.

This article was written by Damian Chmiel at www.financemagnates.com.