Google will add support for cryptocurrencies on the digital maps of its Google Pay payment service, reports Bloomberg with reference to the director of the company on commerce and payments of Bill Ridi. Customers will have the opportunity to store a digital currency, but not pay to it. Corporation has already entered into partnership agreements with Coinbase and Gemini exchanges and BitPay payment service.
In addition, for a large-scale reform of its payment system, Google hired former executive director of Paypal Arnold Goldberg. Ridi stated that this step was made to expand Google Pay functionality and start providing a wider range of financial services, including cryptocurrency support. The company intends to produce “overhaul” of its payment service, as it is significantly lagging behind the main competitors – Apple Pay and Samsung Pay.
To attract more users, Google wants to create a “integrated digital wallet”, which will support digital tickets for events, air tickets and vaccinations passports. Ridi did not specify when Google will make transactions with cryptocurrency. However, he noted that the company hopes for further cooperation with cryptocompany. “Cryptocurrency is what we pay much attention to. As the demand of users and sellers develop, we will develop with him,” said the top manager.
Meanwhile, the American Electromotiver Giant Tesla made a promise of his head of Ilona Mask and began to accept DOGECOIN cryptocurrency for payment. At the same time, the remaining digital assets as a payment tool does not consider. Against the background of this message, DOGECOIN flew in relation to the bitcoin by 18 percent.