Google Pay Hires PayPal Exec to Head Up Crypto Payments Push
Industry News
Google has hired a former PayPal executive to help strengthen Google Pay, which has ambitions to expand into the cryptocurrency market.
As part of a company-wide push into financial services, including cryptocurrency, Arnold Goldberg has been appointed to lead Google’s payments branch.
Bill Ready, Google’s VP of commerce, told Bloomberg:
“We pay a lot of attention to cryptocurrency […] We adapt along with user and merchant demand.”
Google Pay is a mobile payment system created by Google that allows users to make in-app, internet, and contactless transactions on Android phones, tablets, and watches.
Following the announcement, Bitcoin’s price soared to $42,478, up from a 24-hour low of $41,254, before settling at $41,887 at the time of writing.
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