Tech giant Google hires a former PayPal executive to help boost Google Pay, with moves to expand into the crypto space, according to a report by CoinTelegraph on Thursday.

  • Arnold Goldberg has been given the role of overseeing Google’s payments department as part of the company-wide expansion into financial services, including cryptocurrencies.
  • In an interview with Bloomberg, Bill Ready, Google’s president of commerce, stated that cryptocurrencies are something to pay attention to due to the increased demand and evolution of merchant demand.
  • Google Pay is an online payment program created by Google to allow in-app, online, and contactless purchases of mobile units, including Android phones, tablets, and watches.
  • As part of the reform, Google will put more effort into being a “comprehensive digital wallet” that incorporates digital tickets, airline passes, and vaccine passports.

Google has been trying to enter into the crypto space for a long time, collaborating with a number of crypto companies through 2021. BTC USD up +0.35%