Google Announces Partnership With Coinbase To Integrate Crypto Payments.
Google has announced a new partnership with Coinbase that will enable a select number of customers to pay for cloud services through digital currencies like Bitcoin (BTC) and Ethereum (ETH). The new feature will reportedly be available early next year.
The tech behemoth also intends to investigate the use of Coinbase Prime, a custodial service for trading and storing various cryptocurrencies. Moreover, crypto addresses are also now searchable on Google. Coinbase also announced that it shall migrate some of its data-related applications Amazon Web Services to Google Cloud.
According to Amit Zavery, Vice President, Platform Head, and General Manager at Google Cloud, crypto payments will initially be accepted only a select group of clients who are already active in Web3 through the Coinbase Commerce integration. Amit also stated that the service will be made available to more of its customers in the future.
Lastly, although the specifics of the deal are unknown, Coinbase will reportedly take a portion of the transactions it facilitates, like it does with other Coinbase Commerce agreements.
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