In the words of Thomas Kurian, CEO of Google Cloud, “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.”
Google has revealed its plans to allow certain clients to pay for cloud services using crypto as part of a recent deal with Coinbase.
The collaboration between Google and Coinbase was announced during the tech giant’s Cloud Next conference.
Starting in early 2023, a handful of customers will be allowed to pay for Google Cloud subscriptions using 10 cryptocurrencies. These include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH) and so on.
Google’s new method of accepting payments will be powered by Coinbase Commerce. According to the press release, this facility will be made available "starting with those [clients] in the Web3 ecosystem."
Kurian added,
“Our focus is making it frictionless for all customers to take advantage of our scalability, reliability, security, and data services, so they can focus on innovation in the Web3 space.”
Google will also use Coinbase Prime, Coinbase’s custodial service, to store crypto assets.
In return, Coinbase will use Google’s cloud computation platform to process blockchain data at scale. It will also move some data applications from Amazon Web Services to Google Cloud.
Coinbase’s CEO and Co-Founder, Brian Armstrong said,
“We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers.”
This is not Google’s first foray into the crypto scene. Earlier this week, the tech giant partnered with Near Protocol (NEAR) to grant technical support to the latter’s grant recipients.
Moreover, Google also revealed its plans to allow FinCEN registered firms to display crypto ads in the U.S.
