Google will work with Coinbase to allow certain customers payment for cloud services from early 2023.
Google is set to work with Coinbase to allow select customers to pay for cloud services using crypto from early 2023.Google and Coinbase revealed plans for a strategic partnership which would allow select customers to pay for cloud services using crypto from early 2023.
The new program will use Coinbase's commerce product. In turn, Coinbase will use Google Cloud to process blockchain data, while also using its fiber-optic network to improve its global reach, according to aInitially crypto payments will be available to companies working in the web3 space, with a limited number of cryptocurrencies available. Coinbase's commerce platform already integrates into several platforms, notably Shopify.
Blockchain developers will also be able to use Google's BigQuery crypto public datasets. These will be powered by Coinbase's cloud nodes — which aim to streamline the building process for decentralized applications. Google will use Coinbase Prime for its institutional crypto services, such as custody and reporting. In August the world's largest asset manager, BlackRock, alsoGoogle Cloud's aim is to make it frictionless for customers to take advantage of its services, Thomas Kurian, CEO of Google Cloud said in the release.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Adam Morgan is The Block's markets reporter. He has been based in London for the past year, initially freelancing and working for a start-up there before beginning a fellowship at Business Insider.
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