Google Hires PayPal Veteran as Part of Fintech, Crypto Overhaul

Alphabet Inc.’s Google has hired former PayPal Holdings Inc. executive Arnold Goldberg to run its payments division and set a new course for the business after it scrapped a push into banking.

The move is part of a broader strategy to team up with a wider range of financial services, including cryptocurrencies, said Bill Ready, Google’s president of commerce. The business, known for the Google Pay system and mobile wallet, has largely avoided the crypto industry.

The changes follow a major turnabout in October. Google had spent years planning a digital checking and savings service, lining up 11 ...