Cryptocurrencies are set to become a bigger part of Google Pay, according to reports. Bloomberg writes that the tech giant wants to entice users by making the most out of partnerships established with the likes of Coinbase and BitPay. As part of these collaborations, Google Pay users can store their crypto assets on digital cards, which can then be converted into fiat whenever a purchase is made. Arnold Goldberg, a former PayPal executive, is going to be running Google’s payments division.
- Michael Saylor has once again doubled down on his Bitcoin bet — vowing that MicroStrategy will never sell its vast cryptocurrency reserves. BTC is currently down 40% from an all-time high set back in November, but in an interview with Bloomberg, Saylor insisted that the digital asset still holds vast advantages over the dollar. When asked whether there is any temptation to offload the 124,391 BTC that MicroStrategy currently owns, he said: “Never. No. We’re not sellers.”