In a press release published a couple of hours ago, leading cryptocurrency exchange Bybit unveiled a new streamlined method for purchasing Shiba Inu (SHIB) and other supported crypto assets. Its integration with Google Pay enables the exchange’s extensive user base of over 25 million to complete transactions with ease.
This integration advances Bybit’s commitment to making cryptocurrency investments more accessible, particularly for those new to the market. By eliminating the complexities often associated with crypto purchases, customers can now buy SHIB and other crypto assets with a single click and in any of the 35 currencies supported by Google Pay.
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“Bybit is committed to providing users with the most convenient and cost-effective ways to enter the exciting world of cryptocurrency. The Google Pay integration marks a significant step towards achieving this goal, offering a seamless and secure experience for all,” said Ben Zhou, Bybit’s Co-founder and CEO.
Bybit’s move aligns with Google Pay’s ongoing global expansion and its rising popularity in both developed and emerging markets. The widespread adoption of Android devices has propelled the growth and reach of the integrated payment solution.
In a Times Tabloid report last year, Binance, the largest cryptocurrency exchange globally, introduced a similar integration in December 2022, allowing users to pay with Google Pay and Apple Pay.
Like Binance, Bybit strategically positions itself to cater to those markets where Google Pay is extensively used, enabling frictionless transactions for users in supported regions who simply connect their Google Pay accounts to make instant purchases.
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Bybit has consistently demonstrated its backing for Shiba Inu (SHIB). It listed the popular meme-coin in December 2021. The exchange followed this with features aimed at simplifying SHIB trading and purchases. In August 2022, they further expanded user options with the introduction of a dedicated spot trading pair for Shiba Inu.
Bybit’s substantial holdings of 366,688,330,690 SHIB tokens, confirmed as of December 2022 in its proof of reserves report, underscore this support.
To promote Shiba Inu adoption, Bybit launched a 10 billion SHIB airdrop shortly after its initial listing and hosted a $20,000 giveaway campaign focused on Shiba Inu and other meme-inspired assets in May last year. Integrating Google Pay promises to bolster ongoing efforts and potentially drive further interest in SHIB.
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