Google cloud has partnered with exchange platform Coinbase to launch a Bitcoin-like crypto payment option. In addition, the company said it would explore Coinbase Prime, a cryptocurrency storage and exchange service.
One of the technological revolutions of the last few years is the emergence of cryptocurrencies. More than 100,000 legal websites around the world accept bitcoin and other cryptos as payment. Microsoft was one of the first major companies to take the plunge by accepting bitcoin payments. And it doesn’t seem to be stopping.
This Tuesday, Coinbase and Google unveiled an alliance. The search engine’s cloud branch will soon support crypto payments. For its part, the American exchange will operate Google Cloud as a strategic cloud provider.
Available in early 2023, the new payment option will initially be offered to customers involved in the Web3 industry. Google Cloud CEO Thomas Kurian explained:
“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get closer to that goal.”
In addition, Google plans to eventually leverage Coinbase’s Prime solution, which offers crypto custody and reporting services for institutional investors.
Brian Armstrong, Coinbase’s co-founder and CEO, welcomed the collaboration. He said :
“We couldn’t ask for a better partner to help us realize our vision of building a trusted bridge into the Web3 ecosystem,”.