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Google Pushes Deeper Into Crypto as It Hires PayPal Vet

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Wed, 01/19/2022 - 17:36
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Alex Dovbnya
Google is planning to let users store crypto in digital cards
Google Pushes Deeper Into Crypto as It Hires PayPal Vet
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Google has hired PayPal veteran Arnold Goldberg to helm its payments division, according to Bloomberg.  

The Mountain View-based tech giant is mulling over allowing storing cryptocurrencies in digital cards. 

Bill Ready, Google's president of commerce, has said that the company is paying "a lot of attention" to cryptocurrencies: 

As user demand and merchant demand evolves, we’ll evolve with it.    

In October, Google joined forces with cryptocurrency trading platform Bakkt, becoming the company’s main cloud provider.

In September, the internet search juggernaut also teamed up with Vancouver-based blockchain firm Dapper Labs.

Related
Google Searches for Crypto Plunge in US. Here's What They Were Swapped Out for
Alphabet's venture capital arm was announced among the investors that helped to propel the valuation of crypto conglomerate Digital Currency Group to $10 billion in November.

The Bloomberg report says that Google is ready to ink more cryptocurrency partnerships in the future. 

Bitcoin is trading slightly above $42,000 on major exchanges after recording a slight uptick on the Google news.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.