Over the next few days, Android users may notice Google Wallet showing up on their phones. The successor app to Google Pay was announced at Google’s 2022 I/O event as a way to manage all of your digital cards: credit, debit, ID, vax status, tickets, and more.
Interestingly, cryptocurrencies, NFTs, and other decentralized finance (DeFi) instruments are conspicuously missing from the new Google Wallet list. While unsurprising, it’s fair to say that crypto, NFTs, and other DeFi instruments cannot become mainstream until they are included in popular payments apps like Google Wallet, Apple Pay, and Samsung Pay. When will this happen? IDK, but DeFi is in a holding pattern until it does.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.