Google Pay hires PayPal employee to promote cryptocurrency payments

As part of the modernization, the company will focus more on making the digital wallet comprehensive

23.01.2022 - 07:10

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What’s new? Google has hired former PayPal executive Arnold Goldberg to develop Google Pay. Bloomberg reported that Goldberg has been tasked with leading the payments division as part of the company’s overall promotion in the financial services, including cryptocurrencies.

Information on the Bloomberg website

What does Google’s representative say? Google’s President of Commerce Bill Ready said the following:

“Crypto is something we pay a lot of attention to [...] As user demand and merchant demand evolves, we will evolve with it.”

As part of the modernization, Ready said Google will focus more on becoming a comprehensive digital wallet that includes digital tickets, airline passes, and vaccination passports.

What had happened before? Google has been diving into the cryptocurrency space for quite some time now, partnering with several companies. Ready stated that the company plans to forge more partnerships.

In June, the tech giant began partnering with Coinbase, allowing the exchange’s customers to pay for goods and services via Google Pay with a Coinbase Card. The users were also able to receive cryptocurrency discounts of up to 4% on their purchases.

In October, a partnership between Bakkt Exchange and Google allowed the exchange’s customers to purchase goods and services using some cryptocurrencies through the Google Pay wallet.

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