Google has announced a new partnership with Coinbase, which will allow a select group of customers to pay for its Cloud services using digital currencies such as Bitcoin and Ethereum. This is a major move by Google, and one that is sure to please cryptocurrency enthusiasts.
Google is no stranger to working with cryptocurrency. In fact, the search giant has been involved with Bitcoin since 2014, when it first started accepting the currency as payment for certain apps on its Play Store.
Now, with this new partnership, Google is taking things one step further. This deal will allow customers to pay for Google Cloud services using Bitcoin or Ethereum.
The tech giant also plans to explore using Coinbase Prime, which is a custodial service for storing and trading cryptocurrencies.
Coinbase Prime is a cryptocurrency trading platform offered by Coinbase, one of the leading cryptocurrency exchanges in the world. Coinbase Prime offers a suite of tools for institutional investors and traders, including an advanced trading platform, OTC desk, and more.
Coinbase Prime is a great platform for institutional investors and traders who are looking for a wide selection of cryptocurrencies to trade (Supported Assets in Coinbase)
Google Joins the Cryptocurrency Craze with New Payment Option
The vice president and general manager of Google Cloud, Amit Zavery, has announced that the company will be accepting cryptocurrency payments via the Coinbase Commerce integration. This move comes as part of Google's larger push into the world of Web3 and the growing trend of businesses accepting cryptocurrency as a form of payment.
Currently, only a select group of clients who are already active in Web3 will be able to take advantage of this payment option. However, Zavery says that Google is "looking at expanding this to more partners over time." This is good news for those who have been hoping to see wider adoption of cryptocurrency payments.
Google is not the only major company to recently announce support for cryptocurrency payments. Over the past year, we've seen an increasing number of businesses start to accept cryptocurrency as a form of payment. This trend is only likely to continue as the world of cryptocurrency continues to grow and evolve.
There are many benefits to accepting cryptocurrency payments. For businesses, it can help to attract new customers and tap into a growing market. For consumers, it offers a convenient and secure way to pay for goods and services.
As more businesses start to accept cryptocurrency payments, we will likely see wider adoption of this payment method. This is a positive development for the world of cryptocurrency and could help to further legitimize this emerging asset class.
Strategic Collaboration: Google Cloud and Web3
There are four parts to this partnership:
- Google Cloud is partnering with Coinbase to enable select customers to pay for its cloud services via select cryptocurrencies. This move positions Google Cloud to be at the forefront of the Web3 ecosystem and to tap into the growing market for cryptocurrencies. The partnership with Coinbase will also provide Google Cloud with access to Coinbase's merchant network, which will help to expand its customer base.
- The new Google Cloud and Coinbase partnership will offer web3 developers access to Google Cloud's blockchain data through BigQuery. This will be a powerful tool for developers, as it will allow them to tap into a wealth of data that was previously inaccessible. The offering will be powered by Coinbase Cloud's Node service, which is a reliable and scalable platform for running blockchain applications. This partnership will be a major boon for web3 developers, as it will open up new possibilities for data analysis and application development.
- Google has announced that it will be using Coinbase Prime for all of its institutional crypto services. This move comes as a major coup for Coinbase, which has been working to become the go-to platform for institutional investors. Coinbase Prime will now be responsible for providing secure custody and reporting for all of Google's crypto assets.
- Coinbase will use Google Cloud’s powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google's premium fiber-optic network. Google Cloud's extensive experience in large-scale data processing will help Coinbase scale its platform to meet the demands of its growing customer base.