Google Pay launches Bitcoin partnership with Bakkt

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In a surprise move, Google launched a partnership with Bitcoin and digital asset custodian Bakkt.

The announcement could promise a new era of mass adoption with Bakkt users able to use virtual Visa debit cards with the Google Pay service.

When using crypto cards, Bitcoin (BTC) and other crypto assets will be converted to fiat to compensate the trader.

While this is not a true adoption of Bitcoin – with payments ultimately being made by Bakkt with fiat – the markets are excited about the potential scale of usage provided by the Google Pay integration.

In comments to the press, Google Cloud North America President Kirsten Kliphouse explained that the integration was aimed at meeting the growing demand from Google Pay users for crypto payment options.

Google Cloud has been at the forefront of accelerating digital commerce, powering many retailers and merchants, ”she said.

We are proud to help Bakkt accelerate and evolve the availability of their innovative solutions, powered by our technologies.

Some on Twitter called the move hypocritical following Google’s serial action to stem the spread of Bitcoin content, with some YouTubers banned for mentioning cryptocurrency.

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