Crypto Frontline

Google’s Interest in Cryptocurrency and Blockchain Tech Increasing

Google’s Interest in Cryptocurrency and Blockchain Tech Increasing
February 12
10:05 2022

Sundar Pichai confirmed last week that Google’s interest in cryptocurrency and blockchain technology is surging. The multinational technology company’s chief executive officer remarked that his business establishment is exploring these financial technologies’ potential. 

 

We are glad to read this report about Google’s reaction to the ever-strengthening cryptocurrency ecosystem. We think this Internet-related products and services provider has realized the rising virtual currency industry’s increasing significance today.

 

Additionally, we have seen this event coming for Google as leading financial technology companies are already engaging with cryptocurrency-related innovations these past few years.

 

According to the Tuesday, February 8, 2022 news posted online by finance news outlet Yahoo! Finance UK, Pichai’s announcement about Google’s interest in cryptocurrency and blockchain technology increasing comes in light of Alphabet’s latest declaration of its earnings results.

 

Google’s parent organization relishes a record surge in advertising revenue. This fact pushes Alphabet’s market capitalization to the neighborhood of US$2 trillion.

 

With this milestone event, Pichai affirmed that they at Google are certainly looking at blockchain technology. He described this financial breakthrough as a powerful and interesting innovation with broad use cases.

 

Moreover, Pichai’s declaration regarding Google’s interest in cryptocurrency and blockchain technology surging weighed in on how Google could add value to existing Web3 innovations. The Internet search behemoth’s CEO pointed out that blockchain technology solutions are something they desire to support the best they can. 

 

Google reportedly intends to permit blockchain technology-based enterprises to employ their cloud computing services. Additionally, the technology giant is seeking to incorporate non-fungible tokens or NFTs on its web platforms.

 

Google is reportedly even pondering on facilitating cryptocurrency payments. With the development of Google’s interest in cryptocurrency and blockchain technology rising, business analysts think the Mountain View, California-headquartered technology firm is following in other Silicon Valley companies’ footsteps.

 

These businesses have already embraced Web3, and Google is reportedly trying to catch up with the cryptocurrency space’s pioneers. We are pleased to learn about Google’s interest in cryptocurrency and blockchain technology increasing.

 

We think it is high time that this technology firm places considerable concentration on the cryptocurrency ecosystem. We gathered that Google did not make a move as Bitcoin evolved as a disruptive financial technology within a decade.

 

Furthermore, this cloud computing and computer software provider does not possess the first-mover advantage with its sluggish initiative in seeing blockchain technology’s potential. Hence, at this point, we are delighted to learn that Google is making progress in the virtual currency and blockchain technology realm. 

 

We believe more value is in store for today and the future’s consumers as leading finance and technology players are doing their key roles, having a head start in the cryptocurrency industry. These major companies are Microsoft, Amazon, Goldman Sachs, Facebook, and IBM, among many others. 

 

We believe that, with Google’s interest in cryptocurrency and blockchain technology surging, this technology giant will soon join these massive corporations in the finance and technology scene in helping make virtual currencies more mainstream and landing an important part in people’s day-to-day activities.

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