Google is treading carefully into the realm of Bitcoin (BTC) and cryptocurrencies as the organization's payments division tries to achieve a major market share in the payments sector alongside the promotion of custody capabilities for such assets to its respective digital cards.
"We pay a lot of attention to cryptocurrencies," said Bill Ready, Google's Head of Commerce. "The company will therefore have to evolve in tandem with user and merchant demand so as to keep up to date with a changing world and economy."
Moreover, in order to successfully provide the new functionality, Google has formed agreements with both Coinbase Inc. and BitPay. However, it must be mentioned that the company will still refrain from accepting BTC for various transactions for the foreseeable future.
In related news, Google has also recently appointed former PayPal CEO Arnold Goldberg to lead its payments division as part of a larger push to offer a wide variety of different financial services, which reportedly includes crypto as well.
Google Treading Carefully Into The Realm Of Bitcoin And Cryptocurrencies
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
April 25,2024
Solana Community Looks Forward To Much Needed Update
April 25,2024
Bitcoin Makes History By Becoming The Scarcest Asset In The World
April 24,2024
HBAR Skyrockets After BlackRock Successfully Tokenizes MMF On Hedera
April 24,2024
Jack Dorsey Will Tap Into Africa For New Bitcoin Mining Initiative
April 23,2024
12 Solana Meme Coin Projects Listed As Scams By ZachXBT
April 23,2024
Drama At The SEC As Two Lawyers Accused Of Cheating In Crypto Case
April 22,2024
Crypto Community Highly Concerned About Section 702 Renewal
April 22,2024
Adidas Remains Committed To NFTs Despite Lack Of Institutional Interest
April 22,2024
Web3 Fundraising Deals - April 16th To April 22nd, 2024
April 21,2024
Bitcoin Stabilizes Post-Halving As Geopolitical Tensions Intensify
April 20,2024
The 2024 Bitcoin Halving Has Successfully Been Completed
April 19,2024