Leading crypto exchange Bybit has now enabled Google Pay payments for its global customer base to allow seamless purchases of Shiba Inu and other supported crypto assets.
The move was announced in a press release today, underscoring the platform’s active push toward making Shiba Inu and crypto purchases easier and more convenient for its users, particularly those seeking entry into the cryptocurrency market.
To help eliminate the complex processes involved in traditional crypto purchases, customers can buy SHIB and other crypto with a single click due to the recent development. According to the announcement, the Google Pay integration would allow for crypto purchases using 35 different currencies.
Notably, Google Pay has continued to penetrate several developed and emerging markets amid the growing adoption of Android devices. Google has leveraged this adoption to expand support for the Android-infused payment service.
The recent announcement comes nearly two years after Binance facilitated a similar integration. The Crypto Basic reported in December 2022 that Binance, the world’s largest exchange, added support for Google Pay and Apple Pay.
Bybit’s latest integration would cater primarily to these markets that have seen a penetration of the service. For context, customers looking to leverage the Google Pay option in supported regions would only need to connect their Google Pay account and make purchases with a click.
Speaking on the development, Ben Zhou, the Co-founder and CEO of Bybit, expressed the company’s dedication to offering users accessible and affordable avenues to engage with the crypto scene. He emphasized that the integration of Google Pay represents a substantial stride in realizing this objective.
Bybit Sustains Support for Shiba Inu
Bybit added support for Shiba Inu in December 2021 amid growing adoption following SHIB’s all-time high of $0.00008845 in October of that year. Since then, the cryptocurrency exchange has introduced features to make purchases and trading seamless for its SHIB-inclined user base.
In August 2022, Bybit introduced a new spot trading pair for Shiba Inu to expand trade choices for customers. Moreover, the platform’s proof of reserves (PoR) report revealed that it held 366,688,330,690 SHIB tokens as at December 2022.
Bybit launched a 10 billion SHIB drop in December 2021 shortly after listing the asset, and last May, the exchange announced a $20,000 giveaway campaign for Shiba Inu and other meme-inspired assets on its platform. Due to its user base of over 25 million, Bybit’s Google Pay integration could help bolster SHIB’s adoption.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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