Google has formed a new partnership with Coinbase. Accordingly, the leading technology company will allow payments with cryptocurrency on Google Cloud. Expected to arrive on the Cloud early next year, crypto payments will include Dogecoin and these 8 altcoin assets. In other words, users will be able to purchase Google Cloud services with crypto money in 2023.
Google Cloud will accept Dogecoin and these 8 altcoin assets
It looks like Google will help bring cryptocurrencies to an even wider audience. According to a report released on Tuesday, Google has formed a strategic partnership with major US-based crypto exchange Coinbase. This partnership includes integrating Google’s crypto payments into the Cloud platform in early 2023. Google made the big announcement at its recent Cloud Next conference.
Google Cloud VP/GM and Head of Platform Amit Zavery explained the scope of the limited audience to which payments will apply. Accordingly, crypto payments will initially only be available to assets already active in the Web3 industry through integration with Coinbase Commerce. cryptocoin.com As we reported, Coinbase Commerce currently includes 8 altcoins such as Tether, Dogecoin, Bitcoin Cash, and Litecoin, in addition to Bitcoin and Ethereum.
Google will use Custody Prime for crypto services
As part of the deal, Google agreed to use Custody Prime. Prime will enable institutional cryptocurrency services, including custody and reporting. In turn, some of Coinbase’s data-related apps will stream to Google Cloud. Currently, Coinbase maintains this data on the Amazon Web Services platform.
Continuing his words with crypto payments, Zavery also stated that payment access will be made available to a wider audience as time goes on. Meanwhile, Coinbase will charge some fees for the payment transactions it facilitates, just like any other Coinbase Commerce product.
Google starts adopting cryptocurrencies
Google Cloud has historically tended to stay away from crypto. However, the company decided to create a dedicated digital asset team earlier this year. Since the creation of this team, the company has continuously expanded its presence in the Web3 space. Google Cloud’s parent company, Google, has a large user base around the world. Collaboration between Google Cloud and Coinbase is critical to crypto adoption. Because enabling crypto payments for Dogecoin, Bitcoin and 8 altcoins will support mass adoption.
In fact, the Google Cloud crypto payment service could be the most significant global adoption move. Suppose the company will offer crypto payments to an unlimited number of users worldwide. In this case, this will be one of the most important events for cryptocurrency adoption to date.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.