Google Pay will offer a broader range of financial services. That includes cryptocurrencies.
The overhaul will turn Google Pay into a “comprehensive digital wallet.” That means support for digital tickets, airline passes, and vaccine passports. As for the bitcoin element of Google Pay, Google wants more partnerships in the crypto space.
The company already has deals in place with Coinbase and Bitpay that lets users add debit cards from these exchanges to Google Pay. These cards let users spend bitcoin and other cryptos by turning them into regular fiat currency. Google Pay only facilitates fiat payments. But Google Pay isn’t yet accepting crypto transactions.
Crypto is something we pay a lot of attention to. As user demand and merchant demand evolves, we’ll evolve with it.