As a seasoned analyst with over two decades of experience in the finance industry, I find this latest move by Bitget to be a strategic and forward-thinking decision. Integrating Apple Pay and Google Pay into its platform is a smart move that caters to the masses, leveraging the vast user base of these popular payment options.
Cryptocurrency exchange Bitget has integrated two new payment methods into its platform.
Based on information from a report sent to crypto.news, the digital currency exchange based in the Seychelles has incorporated Apple Pay for iOS users and Google Pay for Android users. This new feature enables Bitget users to switch fiat currency into cryptocurrency more smoothly compared to traditional methods such as credit cards or bank transfers.
Users at Bitget have the convenience of buying more than a hundred digital currencies using multiple real-world currencies directly on the site. Notably, the platform now allows for swift transactions through Apple Pay and Google Pay, which can be finished in less than 30 seconds. Currently, the system accommodates over 140 different fiat currencies.
“By leveraging our payment app’s extensive user base of more than 650 million, we’re providing a wider range of people and newcomers the opportunity to engage with cryptocurrency. We simplify the process by offering well-known payment methods, making crypto purchases swift and effortless.”
Gracy Chen, CEO of Bitget
Apple Pay functions smoothly across iPhones, iPads, Mac computers, and Apple Watches, making it simple for users to execute safe and hassle-free payments.
Purchases made on this platform are verified using Face ID, Touch ID, passcodes, and temporary security codes, ensuring all transactions are secure. Moreover, sensitive details such as credit and debit card numbers are not kept on the device or Apple servers but in a dedicated chip that is separate from the rest of the hardware for added protection.
In much the same way, Google Pay serves as a safe space for handling financial matters, facilitating contactless payments and secure online shopping. The security of transactions carried out via Google Pay is reinforced by several protective measures, such as encryption and tokenization. Instead of directly sending credit or debit card details, Google Pay employs a virtual account number, keeping confidential financial information hidden during transfers.
Bitget is implementing a strategy to improve its platform’s capabilities by integrating new features. This development expands upon existing payment solutions such as Advcash, Banxa, and Mercuryo. The update comes after Bitget has expanded into markets in the Middle East, Africa, and Southeast Asia, with the addition of regional fiat gateways.
According to reports from crypto.news, Bitget is collaborating with Solana to foster blockchain innovation. Together, they’ve initiated a hackathon aimed at motivating developers to develop fresh Solana-oriented projects and conceptual demonstrations.
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2024-08-20 13:30