Binance added fiat-to-crypto onramp capabilities for the top two global leading mobile wallets, Apple Pay and Google Pay, via an integration with Worldpay, as part of its ambition to bring the next billion users into Web3. But despite its efforts to partner with some of the most established names in payments in order to boost awareness and trust among the masses, Binance’s continued challenges may counter that.
GlobalData Mobile Wallet Analytics 2024
The integration enables the easy purchase (i.e., conversion) of cryptos from fiat currency in the Binance app from the Apple Pay and Google Pay wallets, which together account for over a quarter of the total global mobile wallet market share, according to GlobalData’s Mobile Wallet Analytics 2024. The announcement, however, was quickly overshadowed by software failures a week later due to an AWS Cloud outage, causing disruptions in trading and…
