Gemini crypto exchange announced adding an option to buy cryptocurrencies via Apple Pay and Google Pay for their clients. The option is available to everyone, without exception, around the world.
In the official release, Gemini said the support for Apple Pay and Google Pay advances the company’s mission to empower people with cryptocurrency, creating yet another easy way to access this new and exciting frontier.
In order to take advantage of this opportunity, you need to: install Apple Pay and Google Pay on your smartphone, link a debit card to your account. Go to the exchange and select the option to buy cryptocurrency. To enter the exchange, you can use Gemini Mobile application. Then select the cryptocurrency and the type of purchase (one-time or recurring). And at the end select the Gemini Mobile Apple Pay and Google Pay payment method.
The firm noted that users’ funds will be available for withdrawal one hour after the purchase is made.
Gemini didn’t elaborate on the fees for buying cryptocurrencies using Apple Pay or Google Pay.
Integrations with traditional financial payment services
The cryptocurrency industry is expanding more and more due to the growing integration with traditional financial payment services. In the past year, the community has seen a unique fusion of traditional payment companies with cryptocurrencies. Skrill and PayPal platforms have provided new options for buying and using digital currencies. Also in February, major cryptocurrency payment processor BitPay added support for Bitcoin payments to Apple Pay.
These corporations are entering the crypto world, as it is increasingly becoming a matter of their survival in the rapidly changing global financial system.
Meanwhile, a number of fintech startups engaged in the integration of cryptocurrencies into financial services, which can potentially challenge all of the above organizations. Including the People’s Bank of China with its digital yuan.
Cameron and Tyler Winklevoss founded Gemini cryptocurrency exchange in 2014 in New York. It is regulated by the NYS Department of Financial Services. The Winklevoss twins gained popularity after the scandalous division of spheres of influence on Facebook and the accusations of Mark Zuckerberg of deceiving and seizing the idea of creating a unique social network that allows you to communicate directly with your friends. The Winklevoss twins then switched to cryptocurrency and became one of the biggest backers of Bitcoin.
Gemini, a cryptocurrency exchange created by the twins, is now in the TOP 10 largest cryptocurrency exchanges in the world. Its safety level estimated at 10 points out of 10.
By integrating with large corporations such as Gemini, Apple will be able to significantly increase its revenues and reputation.