Custodial and non-custodial cryptocurrency wallets are harnessing capabilities of Google Pay and Apple Pay integration. Coin Wallet, Zeux and Spend became early adopters of this trend.
Mobile payments with Google Pay and Apple Pay has many advantages. They allow much faster payment intake because users don’t have to enter billing credentials such as the credit card number, expiry date, and CVV. Also, there are no additional fees or other restrictions that would increase transaction costs or create additional roadblocks.
These transactions are more secure compared to credit card payments: Google Pay and Apple Pay use a virtual account number and disclose only an encrypted token to the transaction counterparty. Therefore, a seller never receives your billing credentials, and your information is protected against hacking attacks.
Since 2017, Google Pay and Apple Pay have quickly become the most popular payment solution requested by all kinds of consumers. Clients ask for them and expect retailers, stores and banks to support these transactions.
Soon, crypto investors will also be able to utilize this payment method to purchase tokens quickly and securely. In this article, we will review the top three multi-currency wallets that announced Apple Pay and Google Pay integration as of September 2019.
Zeux is a multicurrency custodial wallet app that promises you the all-in-one solution for everyday payments and crypto investments. As a custodial wallet, Zeux does not allow direct control over your private keys, but your funds are deemed to be insured for up to $100 million by Lloyd’s of London Syndicate. The app allows to buy tokens with digital wallets and to make payments with Zeux virtual card that can be added to Apple Pay, Google Pay or Samsung Pay.
The main disadvantage of this option, however, is the limited number of tokens supported by this platform. Now, Zeux supports the following cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Bitcoin SV (BSV / BCHSV), Qtum tokens (QTUM), IOTA tokens (MIOTA), NEO tokens (NEO).
Spend multicurrency wallet is another digital wallet app that allows you to buy and spend cryptocurrency tokens using Google Pay and Apple Pay. The app currently supports more than 16 cryptocurrencies and provides additional extras to track your funds with analytics. You can verify your account with the fingerprint, and make in-app currency swaps from fiat currencies to crypto and vice versa. The major drawback of Spend Wallet is that they neither grant you full control over your private keys nor insure the deposited assets by reputable insurance firms.
As of today, Coin Wallet is the only non-custodial cryptocurrency wallet with the user-owned private key and Google Pay and Apple Pay integration. Therefore, with Coin Wallet, you remain in charge of your coins, and the app cannot intercept your personal information or private keys. The app does not oversee your transactions or holds your banking information on centralized servers. Generally, that guarantees you better privacy and reliability of your operations with crypto.
The user interface of Coin Wallet is lean, you will see only the essential tabs: send, receive, exchange, history, and tokens. You can buy crypto tokens with Google Pay or Apple Pay and exchange them using built-in interfaces of partnered exchanges, Changelly and ShapeShift.
So far, Coin Wallet balances well functionality, ease of use, security, and privacy. It is also the number one solution if you want to buy some rare coins. The wallet supports any ERC20 and ERC223 tokens, and the number of cryptocurrencies accessible for purchase and exchange now exceeds 20 thousand.
Disclosure/Disclaimer: This article is paid for and produced by a third-party source and should not be viewed as an endorsement by ZyCrypto. Readers are urged to do their own research before having anything to do with the company, goods and/or services mentioned in the above article.