RATE Group | Google Joins New Banking Race, Stressing Bitcoin’s Importance
68525
post-template-default,single,single-post,postid-68525,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Google Joins New Banking Race, Stressing Bitcoin’s Importance

13 Nov Google Joins New Banking Race, Stressing Bitcoin’s Importance

Posted at 19:19h in Bitcoin News by

[ad_1]

Google Joins New Banking Race, Stressing Bitcoin's Importance 101
Source: iStock/georgeclerk

The financial world, where cryptocurrencies are trying to change the rules, is becoming even more interesting and dynamic. After social media giant Facebook launched its unified payment service on Tuesday, personal finance and banking world will allegedly welcome yet another tech giant – Google. While the concerns are raised yet again over centralization, data privacy and surveillance, the Cryptoverse reminds that this can be solved by decentralized cryptocurrencies, such as Bitcoin.

The world’s most popular search engine plans to partner with banks and credit unions for its new project, named ‘Cache,’ to offer checking accounts to the customers, writes the Wall Street Journal. The new service is allegedly expected to take off sometimes next year. It will include benefits like loyalty programs, but whether or not it’ll charge fees is still being discussed.

Caesar Sengupta, general manager and vice-president of payments at Google, is quoted…

[ad_2]

Source link

Tags:
, , , , , ,