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Google Pay has hired a PayPal executive to lead its crypto payments push.

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By Chief

 



Google has hired a former PayPal executive to help strengthen Google Pay, and the company has plans to expand into the cryptocurrency space.


Arnold Goldberg has been appointed to lead Google's payments division as part of the company's overall push into financial services, including cryptocurrency.


Google’s President of Commerce Bill Ready told Bloomberg that:


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





It will hire people with blockchain experience, according to Richard Widmann, head of strategy for digital assets at Google's cloud unit, in an article published by CNBC. These employees will be part of the company's decentralisation strategy.


Companies working in blockchain and distributed-ledger technologies, such as Dapper Labs, Hedera, and Theta Labs, are already using Google Cloud for scalability and security, according to a blog post by the company.


Other businesses will be able to use blockchain-based platforms to build, transact, store value, and launch products.

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