Will Google Start Accepting Crypto Payments?

2 min read

According to reports, Google Labs has created a new division focused on blockchain. Other technologies such as distributed computing and data storage will also be explored by the group. On January 19, Bill Ready, Google’s president of commerce, stated that the company has been wary of cryptocurrency but is paying attention to the area.


Google Goes Blockchain


Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group. The blockchain division will be led by Shivakumar Venkataraman, an engineering vice president for Google. The division will focus on “blockchain and other next-gen distributed computing and data storage technologies,” according to an email obtained by Bloomberg.


While the company has been involved in certain blockchain projects, it has been very wary of being associated with any cryptocurrency in particular. The new blockchain division will be directed to the experimentation with these decentralized technologies under the umbrella of the Labs group. Labs is an experimental division that groups all the AR and VR efforts, and other potential projects in the tech area. The new Google Labs group also includes an in-house incubator for projects called Area 120.


This development is seen by some analysts as a response to how other companies like Meta (formerly Facebook) are growing to include more of these new developments into their business model.


Closer to Crypto


The company, whose stance on crypto was delicate, even banned all cryptocurrency-related advertising including initial coin offerings, crypto exchanges, cryptocurrency wallets, and cryptocurrency trading advice from its platform, has changed.


Since then, it completed a partnership with Coinbase and Bitpay, two cryptocurrency exchanges, to include allowing customers to store cryptocurrency in digital cards. However, the company is still not accepting cryptocurrency transactions. Also, last year, the company also inked a partnership with Bakkt, a digital platform, to allow users to spend cryptocurrencies using its card on the Google Pay platform.


Google’s president of commerce, Bill Ready, commented on the vision that the company has on cryptocurrencies and their possible uses. At the time, Ready stated:



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



The company also announced recently it was hiring a former Paypal executive, Arnold Goldberg, as a part of a push to include new services in its platform, including cryptocurrencies.

Disclaimer: The information provided on this page
does not constitute investment advice, financial
advice, trading advice, or any other sort of advice
and it should not be treated as such. This content is
the opinion of a third party and this site does not
recommend that any specific cryptocurrency should
be bought, sold, or held, or that any crypto
investment should be made. The Crypto market is
high-risk, with high-risk and unproven projects.
Readers should do their own research and consult a
professional financial advisor before making any
investment decisions.


Although the material contained in this website was prepared based on information from public and private sources that KavaWire.com believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and KavaWire.com expressly disclaims any liability for the accuracy and completeness of the information contained in this website.


Via this site