Google is going to avail cryptocurrency payments for Cloud services via Coinbase. Google said that Google cloud users will be able to pay for cloud services using cryptocurrencies like Bitcoin, Ethereum, and others via Coinbase.
Google has recently tied up a deal with Coinbase to avail crypto payments to users for using Google Cloud Services. The users will be able to pay via Bitcoin (BTC), and Ethereum (ETH) starting next year.
According to news published on CNBC, the tech giant Google is also planning to explore Coinbase Prime which is a custodial service for storing and trading cryptocurrency assets.
After the announcement from Google, Coinbase also announced that they will move some part of their data related to applications on Google Cloud, which is initially stored on Amazon Web Services (AWS).
The vice president of Google Cloud, Amit Zavery said, this cryptocurrency payment will be available for a selected group of clients and is already active via the Coinbase Commerce integration. After successful implementation, the service will be available for more Google Cloud customers.
Currently, Coinbase Commerce offers 10 cryptocurrencies for payments including Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, Litecoin, etc.
More details about the deal are still undisclosed to the public. Coinbase will charge a small percentage of the transactions to facilitate its services like other Commerce deals.
Before this announcement, the BNB Chain also revealed the details of its collaboration with Google Cloud Services to offer builders in the ecosystem access to its cloud services. Google is continually advancing its presence in the Web3 world.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.