Crypto.com is on a Roll: Strikes Partnership with Google Pay

Last week, the platform unveiled that it is adding Google Pay, estimated to have more than 100 million users, as a payment option for Android users to buy cryptocurrencies.

As a result, Google Pay subscribers, just like the Apple Pay ones, will be able to use the crypto platform as their payment option, creating another cryptocurrency use case and thus mainstreaming its adoption.

The platform, which is advertised by such big Hollywood names as Matt Damon and led by Kriz Marszalek who recently met the French President Emmanuel Macron, has been doing well lately. Despite the crypto winter that resulted in many crashes and losses, – think Terra – the company has more than 250 cryptocurrencies on its platform for some 50 million users worldwide. It also acquired licenses to operate in several big markets, including Italy, Greece, Singapore, the city of Dubai, and Cyprus.

To celebrate the latter, in its official post, the company wrote, “It has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC). This approval will enable Crypto.com to offer a suite of products and services to customers in Cyprus in compliance with local regulations.”

The company has also issued its very own guide for investors dubbed “Bull vs Bear Market: What’s the Difference?”, explaining how crypto markets operate, saying that “although bull and bear markets are driven by the expectations of market participants on where the economy is headed, it is tremendously difficult to pinpoint the top or the bottom of a market.”

It went on to add that “despite this uncertainty, there is one thing most traders believe — markets are cyclical. This goes for traditional financial markets as well as the crypto and digital asset markets.”

Previously, Google Pay struck partnerships with other big crypto players, including Gemini, Coinbase, Bakkt, and Nexo.