In a collaboration with American exchange Coinbase, Google will start taking bitcoin and other cryptocurrencies as payment for its cloud services. Google will accept Cryptocurrencies and Bitcoin payments for cloud services.
Early next year, Google will begin taking bitcoin and other cryptocurrencies as payment for its cloud services. The internet behemoth revealed on Tuesday that it had partnered with Coinbase, the biggest cryptocurrency exchange in the United States, to make the new payment method possible.
The new payments experience will benefit Google Cloud’s customers and partners by increasing the optionality of payments for Google Cloud services, according to a statement from Google. «Powered by Coinbase Commerce, which enables merchants globally to accept cryptocurrency payments in a decentralized way,» Google said in the statement.
Google will accept Cryptocurrencies and Bitcoin payments for cloud services
The goal, according to Thomas Kurian, CEO of Google Cloud, is to «make it frictionless for all customers to take use of our scalability, dependability, security, and data services» so that customers can concentrate on inventing in the cryptocurrency field.
Google will also make use of Coinbase Prime, the exchange’s institutional custody and investment platform for cryptocurrencies. Although it is yet unclear which particular services the platform Google would use, the business made a statement in which it alluded to custody and reporting services.
Additionally, as a result of the partnership, Google Cloud will be able to access Coinbase’s global data platform, allowing bitcoin developers to use Google’s BigQuery public datasets, which will be supported by Coinbase Cloud Nodes.
According to the statement, «the integration will enable developers to quickly and reliably operate Web3-based solutions without the need for costly and complex infrastructure.»
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