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Gemini Enables Purchasing Cryptocurrencies via Apple Pay and Google Pay

Gemini Enables Purchasing Cryptocurrencies via Apple Pay and Google Pay

The founder of Gemini Exchange, Tyler Winklevoss, took to Twitter to announce that the New York-based exchange, Gemini, now allows its users to acquire bitcoin and other cryptos on its platform. The tweet details that Gemini allows the purchase via Apple pay and Google pay for users across the world. According to the blog post, Gemini believes that supporting Apple Pay and Google Pay promotes its mission to permit the individual via crypto by formulating another simple way to access this new and exciting frontier. This news comes when bitcoin is witnessing significant demand from institutional clients.

According to the blog post, one can purchase crypto by downloading the Gemini Mobile app. After downloading the app, one can select crypto to purchase. Once selected, click the Buy button and choose whether to obtain once or schedule a recurring buy. Post all the steps mentioned above; one needs to enter the amount of crypto to purchase. This will be followed by an option of paying with Apple Pay or Google Pay. Selecting the preferred option-click the pay tab. However, the post briefs that the funds will be accessible to withdraw one hour after purchasing with Apple Pay and Google Pay.

U.S. Witnesses Growth in Crypto Adoption

The news of Gemini allowing users to obtain crypto via Google Pay and Apple Pay received a fantastic response on Twitter. Some of the users even asked how they can purchase Dogecoin (DOGE) through it. Crypto adoption in the U.S. is increasing with U.S.-based exchange Coinbase going live. Moreover, recently Kraken also announced its news of going public in 2022. Further, various U.S.-based organizations are holding Bitcoin in their balance sheets.

Moreover, Gemini has issued the State of Crypto report for 2021, offering various indicators of how the market is trending in the U.S. The survey included 3,000 investors and consumers questioned between October and November 2020. Gemini points out that institutions and companies such as PayPal and MicroStrategy have set crypto on the radar in the introductory segment. Furthermore, the survey investigated the profile of prevailing and potential investors, well-known assets, knowledge level, and trust. However, more than 50% of those surveyed elucidated that they wanted to know more about cryptocurrencies.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.