Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership
As of press time, COIN shares were up 6% following the announcement of Google's intention to use Coinbase Prime to hold its crypto.
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Updated: Oct. 11, 2022 at 2:56 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Leading tech giant Google is set to integrate crypto payments into its cloud services following a new partnership with crypto exchange Coinbase.
Google announced on Oct. 11 that from 2023 it will start accepting cryptocurrencies for payments and use Coinbase Prime to store its crypto holdings.
The pilot phase will see a handful of customers pay for Google cloud services using supported currencies on Coinbase, with plans to extend access to more customers over time.
According to the Vice president at Google Clouds, Amit Zavery, Google was looking to use Coinbase Prime to store its crypto assets.
Zavery said:
“Google is also exploring how it can use Coinbase Prime, and see how we can participate with managing cryptocurrency assets.”
The partnership will also see Coinbase moves its data-based applications away from Amazon Web Services to the Google cloud platform.
As of press time, COIN shares are up 6% following the announcement of the partnership.
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Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.