Per a Bloomberg report, tech giant Google will expand its payment features with Bitcoin. The company is trying to top its competition in terms of online services. Therefore, it has been trying to step up its game with Bill Ready as President of Commerce and the recently hired former PayPal executive Arnold Goldberg as Payment Division Chief while it consolidates partnerships to achieve that goal.
The tech giant partnered with Coinbase Global and BitPay to enable a feature that will let users store Bitcoin and other cryptocurrencies. Thus, people will be able to use their crypto holdings to pay for their purchases as if they were using fiat currencies.
According to Ready, this initiative will let people leverage “the entire array of financial services out there”. The integration with Bitcoin and other cryptocurrencies seems like a logical step.
Ready: “We have no intention of being a bank. Some past efforts, at times, would unwittingly wade into those spaces. Our aim is to help create connections.”
Ready and Goldberg worked in PayPal until the former joined Google to supervise their payments division. Now, Ready has brought in Goldberg to become the vice president and general manager for a new Google project called Next Billion Users.
Data shared by the report claims Google’s wallet, to be integrated with Bitcoin and other cryptocurrencies, recorded around 150 million monthly active users worldwide.