Google Cards To Store Bitcoin And Crypto: Report Today

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  • Google’s digital cards might soon enable users to hold bitcoin and spend fiat.
  • The company has formed partnerships with Coinbase and BitPay to enable the functionality.
  • It is still unclear when Google would start accepting bitcoin for transactions.

Google is tiptoeing into Bitcoin and cryptocurrencies as the company’s payments division struggles to gain significant market share in the payments industry and touts adding custody capabilities of such assets to its digital cards, according to a report by Bloomberg.

“Crypto is something we pay a lot of attention to,” said Bill Ready, Google’s president of commerce, per the report. “As user demand and merchant demand evolves, we’ll evolve with it.”

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According to the report, Google has formed partnerships with cryptocurrency exchange Coinbase Inc. and cryptocurrency payment processor BitPay to enable the new functionality. The executive told Bloomberg that his team is looking for additional partnership opportunities, though the company still isn’t accepting bitcoin for transactions.

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