In response to the continuous growth of mobile payments adoption, Switchere, a prominent EU-based online cryptocurrency exchange service provider, has announced the integration of Apple Pay and Google Pay as new payment options. This step is part of Switchere's continuous efforts to enhance accessibility and convenience for its users amidst the expanding digital payment landscape.
Digital payments growth: A global surge
As digital economies continue to expand, the scale of digital payments has experienced impressive growth. As of 2024, the global market for digital transactions is expected to reach $9.47 trillion and is projected to increase to $14.79 trillion by 2027. Specifically, in the United States, the volume of digital payments is predicted to rise from $2.04 trillion in 2024 to $3.53 trillion in 2027, as reported by Statista.
The increasing adoption of mobile payment methods like Apple Pay and Google Pay plays a crucial role in this expansion. Currently, Apple Pay serves around 640 million users worldwide, with forecasts indicating that this number will surpass 700 million by 2027. Google Pay also shows significant adoption, with about 150 million users globally, including 25.3 million in the U.S.
Switchere's strategic adoption of mobile payments
Switchere has expanded its payment options to include Apple Pay and Google Pay in response to constantly growing digital payment trends. This step allows users to easily purchase over 170 cryptocurrencies through their iOS or Android devices, alongside traditional payment methods like bank cards and direct transfers, thereby expanding accessibility for users worldwide.
Revolutionizing crypto transactions with mobile payments
Apple Pay and Google Pay transform cryptocurrency transactions by offering a smoother and safer purchasing process unmatched by traditional payment methods. These popular mobile payment methods address common issues such as slower processing times and enhance security through advanced encryption and tokenization, significantly reducing fraud and data theft risks.
With their user-friendly interfaces, mobile payments cater to the quick and secure transaction needs of modern digital users, making them ideal for buying and selling digital assets swiftly and securely. This advancement is a leap forward in making cryptocurrencies more accessible and appealing to a broader audience.
About Switchere
Switchere is an EU-licensed product company that provides solutions for end users and businesses. Its core mission is to make cryptocurrency universally accessible, contributing to global financial inclusion. Switchere simplifies crypto-to-crypto payments, ensuring they are as easy and seamless as possible and develops business solutions for a wide range of industries. Since its inception in 2019, Switchere has become a trusted partner to about 700,000 satisfied customers and several hundred partners across more than 160 countries.