Google is working on allowing cryptocurrency to be stored in digital tokens, according to Bloomberg.
The Mountain View-based tech giant has hired PayPal veteran Arnold Goldberg to lead its payments division.
Bill Ready, Google’s president of commerce, has said that the company is paying “a lot” of attention to cryptocurrencies:
As user and merchant needs evolve, we grow with it.
In October, Google partnered with crypto exchange platform Bakkt, becoming the company’s primary cloud provider.
In September, the internet search engine also partnered with Vancouver-based blockchain company Dapper Labs.
Alphabet’s venture arm was announced among investors that helped push the value of crypto conglomerate Digital Currency Group to $10 billion in November.
Bloomberg reports that Google is poised to push for more crypto partnerships in the future.
Bitcoin is trading slightly above $42,000 on major exchanges after posting slight gains on Google news.
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