Google will allow some customers to pay for cloud services with digital currencies early next year. In addition, the company will explore the possibility of using Coinbase Prime, a service for storing and trading cryptocurrencies.
Google has announced a new deal with Coinbase that will allow selected customers to pay for their cloud services using digital currencies such as Bitcoin and Ether. This feature will become available early next year, according to a CNBC report. The tech giant also plans to explore the possibility of using Coinbase Prime, a custodial service for storing and trading cryptocurrencies. However, this is a two-way deal, as Coinbase has announced that it will move some of its data-related applications that were originally stored using Amazon Web Services to Google Cloud.
Amit Zavery, VP, General Manager and Head of the Google Cloud platform, said that initially, crypto payments would only be accepted from a select group of customers already active on Web3 through integration with Coinbase Commerce. However, over time, this service will be offered to more customers. Currently, Coinbase Commerce supports payments with 10 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dogecoin, Ether, and Litecoin.
The vice president of business development of Coinbase, Jim Migdal, said talks with Google about payments, its Prime service, and cloud computing have been underway for months. The details of the deal remain undisclosed.
On October 4, another recent Web3 partnership was announced involving Google Cloud Services and Near Protocol. An announcement from the Near Foundation revealed that Google Cloud will be offering technical support to Near grant recipients. In September, BNB Chain also announced a partnership with Google Cloud to offer ecosystem builders access to its cloud services. Google Cloud is actively promoting its presence in the Web3 world.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.