Google Starts Accepting Crypto: In the midst of the sluggish crypto market due to market sentiment that has not improved, there is news that is quite encouraging. Tech giant Google will start accepting crypto payments for cloud services as early as next year. Announced Tuesday at the Google Cloud Next conference, the tech giant said it would accept crypto payments through integration with the world’s second-largest cryptocurrency exchange, Coinbase. In addition, Google will also use Coinbase’s custodial service, namely Coinbase Prime.
Google Starts Accepting Crypto Payments
“We want to make building on Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” said Thomas Kurian, CEO of Google Cloud. Google has added crypto features and services recently, with current Ethereum wallet balances appearing when an address is search on Google. and BNB Chain partnering with Google Cloud to support early-stage Web3 growth and blockchain startups.
Google has also added its search engine that can provide a countdown clock for Ethereum’s latest upgrade to proof of stake. Brian Armstrong, co-founder and CEO of Coinbase, said: “We couldn’t have asked for a better partner to help realize our vision of building a trusted bridge into the Web3 ecosystem.”
Google starting to accept crypto payments was also confirm by Binance. On Twitter the CEO of Binance. Changpeng Zhao (CZ). He said that Google has accept crypto. In exchange for Google’s move. Coinbase announc that it will be moving some of its applications related data. which was originally stored using Amazon Web Services to Google Cloud.
Amit Zavery. vice president, general manager. and head of platform at Google Cloud said that initially. cryptocurrency payments will only be accepted from a select group of clients who are already active on Web3 through the Coinbase Commerce integration.
Zavery further stat that. over time. the service will be offer to more of its customers.
However, the details of the deal remain secret to the public. Coinbase will take a percentage of the transactions it facilitates. As is the case with other Coinbase Trading deals.Coinbase Commerce currently facilitates payments with 10 cryptocurrencies including Bitcoin. Bitcoin Cash. Dogecoin. Ethereum. And Litecoin.