NEWS

Google Considering Allowing Users to Store Crypto in Digital Cards

Google is mulling over allowing storing cryptocurrencies in digital cards, according to Bloomberg. The Mountain View-based tech giant has hired PayPal veteran Arnold Goldberg to oversee its payments division.

Bill Ready, Google’s president of commerce, has said that the company is paying “a lot of attention” to cryptocurrencies: As user demand and merchant demand evolves, we’ll evolve with it.

In October, Google joined forces with cryptocurrency trading platform Bakkt, becoming the company’s main cloud provider.In September, the internet search juggernaut also Vancouver-based blockchain firm Dapper Labs.Alphabet’s venture capital arm was announced among the investors that helped to propel the valuation of crypto conglomerate Digital Currency Group to $10 billion in November.

The Bloomberg report says that Google is looking to ink more cryptocurrency partnerships.Bitcoin is trading slightly above $42,000 on major exchanges.

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