Google partners with Coinbase to accept payment for cloud services in crypto
Google will provide its customers with the opportunity to pay for cloud services with digital currencies. For this purpose, Google has partnered with Coinbase.
In the context of cooperation, Coinbase will use Google Cloud instead of Amazon Web Services. Early in the following year, crypto payments will become available for some Web3 companies. The exchange will also move several of its apps to the Google Cloud Platform.
Coinbase Commerce, which will be used to make payments in Google Cloud, supports 10 cryptocurrencies, including Ethereum, Bitcoin, Litecoin and Dogecoin.
The terms of the partnership have not been disclosed. According to Coinbase‘s Jim Migdal, the exchange will receive a percentage of the transactions.
Google Cloud Vice President Amit Zavery noted that many Web3 companies and projects use Google cloud services, so the introduction of payment with digital currencies was a logical step in the development of the platform. However, at the start, crypto payments will not be available to all users.
Google also has implemented support for Ethereum addresses. Now any user can enter an address in the Ethereum network in the search bar and find out the number of ETH stored on this wallet. The data is provided by Etherscan.
Besides, Google Cloud and BNB Chain announced the partnership by which BNB Chain participants will get access to the cloud services. The partnership will support blockchain and Web3-related startups at the early stages of development.
Earlier this year, Coinbase announced the partnership with the payment giant Mastercard. The main goal of this cooperation is to simplify the process of buying non-fungible tokens (NFTs).