Google plans to provide users with the ability to access their bitcoin wallets through Google accounts. The main goal is to make Web3 transactions as convenient and simple as traditional Web2 payment systems. Kyle Song, Google’s Web3 specialist for Asia Pacific, told this during Bitcoin Tech Carnival in Hong Kong. According to him, the tech giant has been cooperating with the Bitcoin ecosystem since last year.
Song said that the corporation is working with key Bitcoin network developers to «lower the barriers to entry», which will allow users to log into their crypto wallets using Google’s existing authentication protocols.
«We are exploring ways to lower the barriers to entry so that web2 users can easily use bitcoin», Song said.
According to him, Google pays special attention to security measures to protect users’ assets. The company plans to introduce advanced encryption technologies such as zero-knowledge proofs (ZKPs) to solve the problem of trust between online and offline systems. This approach ensures that, while Google simplifies access to wallets, users retain control over private keys and confidential information.
In March 2024, Google expanded its search capabilities by allowing users to view bitcoin wallet balances directly through the search bar. By entering a wallet address, users can view token balances across various blockchains, including Arbitrum, Avalanche, Optimism, Polygon, and Fantom.
Although the integration of BTC wallets with Google accounts raises the issue of centralized control over data and potential vulnerabilities.
Source: bloomingbit.io