Lens1000
VIP Contributor
Google Pay planned to explore the cryptocurrency world by expanding it activities to adopting crypto relatwd activities.
As it looks to the future, including ambitions to explore crypto, the internet giant has hired a PayPal veteran to help with the expansion of Google Pay.
With intentions to expand into the crypto industry, Google has hired a former PayPal executive to help bolster Google Pay.
As part of a company-wide push into financial services, including cryptocurrency, Arnold Goldberg has been appointed to lead Google's payments section.
"Crypto is something we pay a lot of attention to," Bill Ready, Google's head of commerce, told Bloomberg. We'll evolve along with user and merchant demand."
Google Pay is a mobile payment system created by Google that allows users to make in-app, internet, and contactless transactions on Android phones, tablets, and watches.
Google will focus more on providing a "complete digital wallet" that incorporates digital tickets, airline passes, even immunization passports as part of the redesign, according to Ready.
According to Coinmarketcap, the price of Bitcoin (BTC) soared to a high of $42,478 (from a 24-hour low of $41,254) after the news, before sliding down to $41,887 at the time of writing.
For quite some time, Google has been dipping its toes in the crypto space, cooperating with many crypto startups until 2021. Ready stated that the organization intends to pursue more crypto-related partnerships.
Google Pay announced a new relationship with major crypto exchange Gemini in April 2021. Users of Gemini could now buy Bitcoin with fiat currency using a debit or credit card through Google Pay.
In June, Google announced a partnership with Coinbase, allowing Coinbase customers to use their Coinbase Card to pay for goods and services using Google Pay. Users could also get cryptocurrency rebates of up to 4% on their purchases.
In October, a partnership between crypto exchange Bakkt and Google allowed Bakkt clients to use their Google Pay wallet to buy goods and services using some of the exchange's cryptocurrencies.
As it looks to the future, including ambitions to explore crypto, the internet giant has hired a PayPal veteran to help with the expansion of Google Pay.
With intentions to expand into the crypto industry, Google has hired a former PayPal executive to help bolster Google Pay.
As part of a company-wide push into financial services, including cryptocurrency, Arnold Goldberg has been appointed to lead Google's payments section.
"Crypto is something we pay a lot of attention to," Bill Ready, Google's head of commerce, told Bloomberg. We'll evolve along with user and merchant demand."
Google Pay is a mobile payment system created by Google that allows users to make in-app, internet, and contactless transactions on Android phones, tablets, and watches.
Google will focus more on providing a "complete digital wallet" that incorporates digital tickets, airline passes, even immunization passports as part of the redesign, according to Ready.
According to Coinmarketcap, the price of Bitcoin (BTC) soared to a high of $42,478 (from a 24-hour low of $41,254) after the news, before sliding down to $41,887 at the time of writing.
For quite some time, Google has been dipping its toes in the crypto space, cooperating with many crypto startups until 2021. Ready stated that the organization intends to pursue more crypto-related partnerships.
Google Pay announced a new relationship with major crypto exchange Gemini in April 2021. Users of Gemini could now buy Bitcoin with fiat currency using a debit or credit card through Google Pay.
In June, Google announced a partnership with Coinbase, allowing Coinbase customers to use their Coinbase Card to pay for goods and services using Google Pay. Users could also get cryptocurrency rebates of up to 4% on their purchases.
In October, a partnership between crypto exchange Bakkt and Google allowed Bakkt clients to use their Google Pay wallet to buy goods and services using some of the exchange's cryptocurrencies.
