Google Cloud partners with Coinbase exchange to support crypto payments

Tech giant Google said it will test accepting crypto payments for Google Cloud starting in 2023.

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According to CNBC , Google Cloud announced that it will partner with the largest US cryptocurrency exchange Coinbase to support crypto payments next year.

This information was given by Google Cloud Platform Director Amit Zavery at the Cloud Next video conference being held. Mr. Zavery revealed that Google Cloud will allow users who want to pay with cryptocurrencies to satisfy their wishes through the integration of the Coinbase Commerce toolkit.


Although not published a list of cryptocurrencies that Google allows to support payments, Coinbase Commerce is currently processing payments for 10 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Tether (USDT), USD Coin (USDC), Bitcoin Cash (BCH), Litecoin (LTC), Apecoin (APE), Shiba Inu (SHIB) and Dai (DAI).

Not stopping there, Google is also considering using Google Prime, Coinbase's cryptocurrency custody service, to preserve the crypto received.

Google Cloud has long voiced its interest in the cryptocurrency space through the creation of its Web3 division in July 2022. This Google subsidiary has also recently established partnerships with many famous crypto projects such as NEAR Protocol, Aptos, BNB Chain. Meanwhile, parent company Google has spent $1.5 billion investing in blockchain companies and designed a countdown timer to Ethereum's The Merge upgrade in September.

In addition to Google, major companies in the US that have adopted crypto are Tesla (invest BTC, accept DOGE payments), PayPal (accept crypto payments), Starbucks (open reward points program). NFT), Twitter – Facebook – Instagram (supports NFT),… However, the remaining tech giants such as Amazon, Apple and Microsoft are still quite cautious with the prospect of investing or receiving cryptocurrencies.

FoxCryptoNews summary

Oct 11, 2022

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