Amidst the increasing actions of several governments in banning the trading of Bitcoin and other cryptocurrencies within their financial systems, there are indications that these currencies will still remain with us for some time. As a matter of fact, the use of cryptocurrency as means of payment continues to proliferate. Recently, Twitter announced that it was considering the use of bitcoin. Now, Samsung Pay and Google Pay may join the fray soon.
Cryptocurrencies remain a popular mode of international transactions with the potential for greater stability. And now, it has been reported that very soon, Google Pay and Samsung Pay will accept payments made with Bitcoins and other cryptocurrencies. This information emanated from BitPay, a foremost cryptocurrency provider and payment platform.
If the plans scale through, then Google and Samsung will be joining Apple as platforms that now have the functionality and capacity to process cryptocurrency payments of users on the platform for goods and services. BitPay also hinted that it hopes to bring Google Pay and Samsung Pay support as early as March 2021 if all things go according to the plans.
Users on both platforms would be able to link their BitPay cryptocurrency card to Google Pay and Samsung Pay, thereby making it possible to make seamless payments on the platforms using cryptocurrencies. Supported cryptocurrencies on the service include Bitcoin, Bitcoin Cash, BUSD, Ether, PAX, USDC, and GUSD.
While the specifics and exact timelines for these activities have not been provided by BitPay, it is expected to follow a similar trajectory like what occurred with Apple Pay. At this time, neither Google nor Samsung had released a statement affirming or denying the news.
We keep our fingers crossed as further developments evolve.
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