Google is considering storing cryptocurrencies on digital cards


Google is considering storing cryptocurrencies on digital cards

According to recent reports, Google is considering allowing some of the biggest cryptocurrencies, such as Bitcoin, in digital cards. As a result, Google has partnered with key cryptocurrency institutions, such as Coinbase and BitPay. According to reports, it is clear that users will only be able to hold cryptocurrencies in cards, payments will still be possible only in common currencies. Google has long rejected the introduction of cryptocurrencies in its financial services, but many circumstances have changed recently. The first impulse was the entry of Arnold Goldberg into the company, a former high-ranking manager of PayPal.

Google has spent several years developing various financial services through partnerships in the banking sector. The expansion of the area of interest in cryptocurrencies can be understood as an attempt to change the trend. Google will strive to integrate more features into Google Pay. The new "digital wallet" will, in addition to holding cryptocurrencies, will also allow you to upload, for example, digital ski passes or vaccination certificates. It is likely that other competitors will soon follow Google's efforts. Potential success may mean further adoption of cryptocurrencies into daily life.