Oct 12, 2022 12:30:00

Google announces partnership with Coinbase to support payments in virtual currency

Google has announced that it has partnered with Coinbase, a virtual currency exchange, to allow users to select virtual currencies for payment. Users of Google's cloud services are targeted, and support is expected to begin in early 2023.

What's next for digital transformation in the cloud | Google Cloud Blog

https://cloud.google.com/blog/topics/google-cloud-next/whats-next-for-digital-transformation-in-the-cloud

Google Cloud and Coinbase Launch New Strategic Partnership to Drive Web3 Innovation
https://www.prnewswire.com/news-releases/google-cloud-and-coinbase-launch-new-strategic-partnership-to-drive-web3-innovation-301645592.html

Google selects Coinbase to take cloud payments with cryptocurrencies
https://www.cnbc.com/2022/10/11/google-selects-coinbase-to-take-cloud-payments-with-cryptocurrencies.html

Google announced at the Google Cloud Next conference starting October 12, 2022 that it has entered into a strategic partnership with Coinbase. As part of this partnership, some users, including Web3 ecosystem customers, will be able to pay for cloud services using any cryptocurrency.

According to Amit Zavery, vice president of Google Cloud, Google Cloud users will be able to make payments in 10 cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dogecoin, by leveraging the Coinbase Commerce service. About. Zavery said that more cryptocurrencies will be supported over time.

“We want to make building on Web3 faster and easier,” Google Cloud CEO Thomas Kurian said in a statement. We are proud that Coinbase has chosen Google Cloud as their strategic cloud partner, and we stand ready to contribute to Web3's thriving global ecosystem of customers and partners. I will.”

This partnership may change the power map of the cloud industry. According to the announcement, Google will not only support users' virtual currency payments, but Google itself will also use Coinbase Prime , Coinbase's enterprise service, to store and trade virtual currencies owned by the company. Coinbase also plans to migrate part of its infrastructure, which it has been using for many years, from Amazon Web Services to Google Cloud.

“We are excited that Google Cloud has chosen Coinbase to bring Web3 to new users and bring powerful solutions to developers,” said Coinbase co-founder and CEO Brian Armstrong. We couldn't have asked for a better partner to execute on our vision of building a trusted bridge to the ecosystem.'