{"id":396420,"date":"2022-01-20T04:27:46","date_gmt":"2022-01-20T01:27:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/google-pay-hires-paypal-exec-to-head-up-crypto-payments-push\/"},"modified":"2022-01-20T04:27:46","modified_gmt":"2022-01-20T01:27:46","slug":"google-pay-hires-paypal-exec-to-head-up-crypto-payments-push","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/google-pay-hires-paypal-exec-to-head-up-crypto-payments-push\/","title":{"rendered":"# Google Pay hires PayPal exec to head up crypto payments push"},"content":{"rendered":"

“# Google Pay hires PayPal exec to head up crypto payments push <\/strong>”
\n<\/p>\n

Google has hired a former PayPal executive to help bolster Google Pay, with plans to expand into the crypto space. <\/p>\n

Arnold Goldberg has been given the task of running Google\u2019s payments division as part of a company-wide push into financial services, including crypto. <\/p>\n

Google\u2019s president of commerce Bill Ready told<\/a> Bloomberg that:<\/p>\n

\u201cCrypto is something we pay a lot of attention to […] As user demand and merchant demand evolves, we\u2019ll evolve with it.\u201d<\/p><\/blockquote>\n

Google Pay is an online payment system developed by Google to allow in-app<\/a>, online and contactless purchases on mobile devices including Android phones, tablets and watches. <\/p>\n

As part of the overhaul, Google will focus more on being a \u201ccomprehensive digital wallet\u201d that includes digital tickets, airline passes and vaccine passports, Ready said. <\/p>\n

Following the news<\/a>, the price of Bitcoin (BTC) spiked to a high of $42,478 (from a 24-hour low of $41,254) before falling back down to $41,887 at the time of writing according to Coinmarketcap. <\/p>\n

Google has been dipping its toes in the crypto space for quite some time, partnering with several crypto companies through 2021. Ready said that the company plans to pursue more partnerships with more crypto companies. <\/p>\n

In April 2021, Google Pay announced a new partnership with global crypto exchange Gemini. The update allowed Gemini users to purchase Bitcoin through Google Pay using fiat currency on a debit or credit card.<\/p>\n

The tech giant also partnered with Coinbase in June, allowing customers of the exchange to pay for goods and services through Google Pay using their Coinbase Card. Users also were able to gain crypto rebates of up to 4% for their shopping. <\/p>\n

In Oct, a partnership between crypto exchange Bakkt and Google allowed customers of the exchange to purchase goods and services using some select cryptocurrencies through their Google Pay wallet. <\/p>\n

As for Paypal, it appears that the fintech company will be one man down as it explores the creation of its own stablecoin. Earlier this month, Paypal confirmed plans to launch \u201cPayPal Coin,\u201d which developer Steve Moser first found in the source code of the platform\u2019s iPhone app. <\/p>\n

Related: <\/em><\/strong>Bakkt crypto exchange partners with Google for payments<\/em><\/strong><\/p>\n

This comes only three months after the tech giant axed its plans for a service called \u201cPlex\u201d that would allow users to create checking and savings accounts. <\/p>\n

\u201cWe\u2019re not a bank — we have no intention of being a bank,\u201d Ready said about the decision to cut Plex. \u201cSome past efforts, at times, would unwittingly wade into those spaces.\u201d<\/p>\n

Google Pay debuted in 2015, with a revamp in 2020 which transformed the platform into a hub where customers could track their expenses and hunt for discounts. <\/p>\n<\/div>\n

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If you want to read more News articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Google Pay hires PayPal exec to head up crypto payments push ” Google has hired a former PayPal executive to help bolster Google Pay, with plans to expand into the crypto space. Arnold Goldberg has been given the task of running Google\u2019s payments division as part of a company-wide push into financial services, including…<\/p>\n","protected":false},"author":1,"featured_media":396421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvMzMxZmYzZTItNDM0My00ODAxLWJhZTItNDk2ZWM0ZDVlYzFhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75238,76574,74355,70610,26293],"class_list":["post-396420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-financial-services","tag-paypal","tag-adoption","tag-finance","tag-google"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=396420"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/396420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/396421"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=396420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=396420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=396420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}