Google Pay Employs Ex Paypal Executive for Its Payment Division and Crypto Push

To expand its payment services, Google Pay has hired veteran Paypal executive Arnold Goldberg for the role. This move forms a huge part in the company’s crypto expansion strategy this year.

However, Goldberg will work according to the company’s payment strategy to help push the adoption of Google Pay’s financial services while building a comprehensive crypto expansion.

Google’s President of commerce Bill Ready expressed his thoughts on the move.

Crypto is something we pay a lot of attention to. As user demand and merchant demand evolves, we’ll evolve with it.

In addition to this, Google will pay huge attention to its comprehensive digital wallets including digital tickets, airline passes, and vaccine passports services, according to Bill Ready.

As the news broke silence on the internet, Bitcoin’s (BTC) price allegedly skyrocketed slightly before it pulled back on CoinMarketCap. Meanwhile, at the time of writing, the BTC price is at $42,038.84 with over $22 billion market capitalization. 

Furthermore, apart from hiring Goldberg, Google established partnerships with many fintech companies including Gemini, Bakkt, and Coinbase exchange last year. With this, Ready mentioned that Google will continue to expand its alliance with crypto companies in 2022.

Also, the news comes a few months after Google announced its new service called Plex.

Ready said,

We’re not a bank — we have no intention of being a bank. Some past efforts, at times, would unwittingly wade into those spaces.

Source: https://coinquora.com/google-pay-employs-ex-paypal-executive-for-its-payment-division-and-crypto-push/