Google may add cryptocurrencies to its payment service
The company has hired PayPal’s executive to implement a new service development strategy
20.01.2022 - 07:50
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What’s new? Bloomberg reports that Google has started implementing the new financial strategy. Particularly, it’s about the payments division, which will be headed by former PayPal CEO Arnold Goldberg.
News source on the Bloomberg website
What else is known about Google’s plans? The relaunch of Google’s payments division is part of a larger campaign to introduce new financial services. One of the innovations may be the addition of cryptocurrencies, Bloomberg reports.
Google’s immediate plans include expanding options for users. The main goal is to provide customers with the full range of possible financial services. At the same time, the company’s CFO Bill Ready said that Google has no plans to compete with banks:
“We have no intention of being a bank. Our aim is to help create connections,” Ready said.
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