A partnership has been established between Google and Coinbase for Web3 innovation. As part of this partnership, cryptocurrency payments for cloud services will be accepted on the cryptocurrency exchange.
Excited to share that Google Cloud has selected Coinbase to expand their crypto offerings! Today, I presented at #GoogleCloudNext alongside @ThomasOrTK to introduce Coinbase’s integration with Google Cloud.
— Brian Armstrong (@brian_armstrong) October 11, 2022
Google Cloud customers can now use dogecoin, ether, and bitcoin to pay for services. In addition, web3’s development environment will be supported as part of the long-term strategic alliance.
Google will begin accepting cryptocurrency payments in early 2023, according to a report from CNBC released at the company’s Cloud Next conference on Tuesday.
Previous Ventures of Coinbase
For many years, Amazon Web Services has hosted Coinbase’s data-related applications. However, Migdal, the vice president of business development at the cryptocurrency exchange, says the company will soon migrate these programs to Google’s servers.
I created Litecoin in 2011 when I was working at Google. At the time, Google wasn't interested in doing anything with Bitcoin, so I left in 2013 to join Coinbase. 9 years later, they are finally jumping into crypto with Coinbase and accepting Litecoin. The circle is now complete! https://t.co/JNL37OUJ7P
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) October 12, 2022
According to Coinbase CEO Brian Armstrong, Coinbase is thrilled that Google Cloud chose Coinbase to assist with the introduction of Web3 to a broader audience and to empower developers with powerful tools.
This is just the beginning. I expect we will continue to see big tech companies embrace and help build the future of web3.https://t.co/XhNO9JSNfi
— Brian Armstrong (@brian_armstrong) October 11, 2022
A company statement said that Coinbase had invested more than ten years in creating industry-leading blockchain solutions, with more than 100 million verified users and 14,500 institutional customers.
Amit Zavery, vice president, general manager, and head of the platform at Google Cloud, says that only a limited number of customers using Web3 can make bitcoin payments through Coinbase Commerce.
Announced at #GoogleCloudNext: @coinbase has selected Google Cloud to build advanced exchange and data services… and more.
Hear from CEO @brian_armstrong ↓ pic.twitter.com/j6vjexrLIP
— Google Cloud (@googlecloud) October 11, 2022
Google Cloud CEO Thomas Kurian says the partnership with Coinbase will enable developers to create in Web3 faster and easier.
The Google Cloud has aggressively expanded its footprint in the Web3 industry since announcing in January that it would establish an entire internal team dedicated to digital assets.
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