The emergence of Bitcoin exchange-traded funds (ETFs) has created new opportunities for tech giants to enter the crypto space. In response, Google is actively developing solutions to increase accessibility for users interacting with digital assets like Bitcoin.

During the Bitcoin Tech Carnival in Hong Kong, Google's Web3 expert Kyle Song revealed that the company is collaborating with Bitcoin developers to simplify cryptocurrency access for Web2 users.

Song said cryptocurrency wallets are a key area of focus, explaining that Google aims to make using a Bitcoin wallet as seamless as traditional Web2 payment systems. In the future, users will be able to log in to their Bitcoin wallets using their Google accounts and make transactions as effortlessly as with traditional financial services.

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The company is also exploring ways to increase trust between on-chain and off-chain systems, including the potential use of Zero-Knowledge Proofs (ZKP) to increase security and privacy.

Google’s interest in cryptocurrencies and blockchain dates back to 2018, when it began experimenting with decentralized technologies. One of its first steps was to integrate blockchain tools into Google Cloud, allowing developers to use blockchain for data storage and smart contracts. In 2020, Google partnered with blockchain projects like Chainlink to integrate oracles into its services, and later incorporated blockchain data support into BigQuery.

Google’s involvement in crypto has expanded significantly in recent years. In 2022, the company strengthened its Web3 division, hired blockchain experts, and invested in crypto startups. In 2023, Google Cloud announced a partnership with Coinbase, allowing customers to pay for cloud services using cryptocurrency.

*This is not investment advice.

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