Google has partnered with Coinbase to enable the acceptance of cryptocurrency payments for cloud services

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Last Updated on October 12, 2022 by Bitfinsider

Early in the new year, Google plans to begin accepting cryptocurrency payments for cloud services.
The tech giant made the announcement at its Cloud Next conference on Tuesday that it will accept cryptocurrency payments through an integration with the cryptocurrency exchange Coinbase.

Crypto payments will initially be made available to a select group of customers who are active in the Web3 industry. Additionally, Google will utilize Coinbase Prime, which is a custody service offered by Coinbase.

“We want to make building in 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. “This partnership with Coinbase helps developers get one step closer to that goal.”

The multinational technology company has recently been expanding its crypto-related features and services. For example, the balances of Ethereum wallets are now displayed whenever an address is searched on Google, and BNB Chain has partnered with Google Cloud to facilitate the expansion of early-stage Web3 and blockchain startups. The search engine giant also provided a countdown clock for the recent upgrade to proof of stake that Ethereum implemented.
“We could not have asked for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem,” said Brian Armstrong, co-founder and CEO of Coinbase.

During trading on Tuesday afternoon, Coinbase’s stock rose by more than 6% to $71.32 per share.

“We anticipate an increase in the number of partnerships with established players. As the crypto economy continues to grow over the longer term, Coinbase will begin to look less like a straightforward cryptocurrency exchange and more like an integrated digital asset enabler “said Owen Lau, analyst at Oppenheimer.

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