Google has hired former PayPal executives to create a blockchain group to show its interest in cryptocurrencies.

Google, the world's largest search engine, announced today (20th) that it will create a dedicated blockchain and technology team and select senior search engine executives to become a group.

According to an email, Google vice president of engineering Shivakumar Venkataraman now leads a division focused on blockchain and next-generation computing and data storage technology, Bloomberg reported. And executives will find executives at Labs, part of a company exploring a variety of technology applications such as virtual reality and augmented reality.

The blockchain is relatively small compared to other parts of the Google product marketplace, says one person aware of the issue. A Google spokesperson declined to comment on the report.

We're looking for a former PayPal executive to bring Google Pay.

Meanwhile, Google Commerce President Bill Ready said in an interview with Bloomberg on the 20th that he had hired former PayPal SVP Arnold Goldberg as the chief payments officer. Bill Ready said the move was part of the company's plan to integrate a range of financial services, including cryptocurrencies.

In fact, PayPal COO Bill Ready joined Google in 2019 and started managing payments last year. He hired Goldberg, who was responsible for PayPal merchant transactions, as vice president and chief financial officer and customer service start-up (NBU).

Google has avoided many cryptocurrency sites. In 2018, a cryptocurrency ban was announced and it was lifted in August last year. He knows that Google's attitude has changed dramatically since last October.

The company launched an online financial service called Plex last year. The program aims to allow customers to add their Plex digital bank account directly to Google Pay (savings are provided by a partner company, American Credit Union). Fees, overdue support or minimum balance requirements. In the past, Google has actively partnered with lending agencies with 11 banks in the United States to play the role of Google Payments payment platform in the future of digital finance, but these plans were announced in October last year.

According to Plan, Google wants a cohesive organization of the entire consumer products industry, not just affiliates.

“Our goal is to help connect. We are not on one side or the other. We are not a bank or do not want to be a bank. . "

Worried with encrypted calls

As part of the upgrade, Google will strive to become a digital wallet including digital tickets, airline tickets and passports. The company has strengthened the integration of shopping and payment services, such as the ability to display customer loyalty cards and personal discounts directly in search.

In the past, Google has partnered with companies such as cryptocurrency exchange Coinbase and cryptocurrency financial services provider BitPay to allow cardholders to add cryptocurrency cards to Google. Pay. In October last year, Bakkt, the cryptocurrency trading platform, also announced a partnership with Google, and Google Financial Card will support Google Payments services.

Ready is a combination, but the company has not accepted encrypted calls for business

"Encrypted phone is that we are very worried. We will develop by enhance to improve customer needs and needs."