DailyCoin
Published Jan 20, 2022 09:08AM ET
Updated Jan 20, 2022 09:30AM ET
Google Pushes Deeper Into Crypto – Partners with Coinbase, Hires Paypal Vet
Alphabet Inc.’s Google (NASDAQ:GOOGL), which began dipping its toes into the crypto space in 2020, has continued its push into the crypto industry, announcing the hire of former PayPal (NASDAQ:PYPL) executive Arnold Goldberg.
Arnold Goldberg, who previously served as the chief product architect and general manager at PayPal, would head the payment division of the tech giants.
Google is Expanding its Payment Services
According to Bill Ready, Google’s President of Commerce, the hire of Paypal’s vet falls into its plans of pushing into financial services, including cryptocurrencies. With this move, Google looks to reset its ambitions for banking and payments.
Google’s online payment system, Google Pay, allows in-app, online, and contactless purchases on mobile devices. However, Google now looks to focus more on being a “comprehensive digital wallet.”
In expanding its Google pay services, the tech giant is working with Indifi Technologies – an Indian online lender – to offer instant loans to small merchants through the Google Pay app.
In line with its push for offering greater financial services, Google has partnered with America’s leading crypto exchange, Coinbase (NASDAQ:COIN). Google has also turned to blockchain technology, forming a blockchain and distributed computing division in a related trend.
On the Flipside
Why You Should Care
According to Bill Ready, crypto is something Google needs to pay a lot of attention to and will evolve with it, as more users and merchants demand crypto services.
EMAIL NEWSLETTER
Join to get the flipside of crypto
Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.
[contact-form-7] You can always unsubscribe with just 1 click.
Continue reading on DailyCoin
Written By: DailyCoin
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.