Home Tech In A New Agreement With Coinbase, Google Cloud Will Begin Accepting Cryptocurrency Payments

In A New Agreement With Coinbase, Google Cloud Will Begin Accepting Cryptocurrency Payments

by Vanessa Waithera
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Now, customers of Google Cloud can utilize cryptocurrency to pay for their services.

Following a collaboration between Google and Coinbase, a small number of users can now make purchases using Bitcoin, Ether, and Dogecoin.

For the purpose of developing cutting-edge exchange and data services, Coinbase will choose Google Cloud as a strategic cloud provider. By utilizing Google’s high-end fibre-optic network, Coinbase will expand the worldwide reach of its cryptocurrency services while processing blockchain data at scale using the robust computing platform of Google Cloud.

To offer Coinbase customers machine learning-driven crypto insights, Coinbase will also construct its global data platform on Google Cloud’s secure infrastructure and use its industry-leading data and analytics capabilities.

The two partners claim that by working together strategically, they can better serve the Web3 ecosystem’s expanding developer community. Web3 developers will also have access to Google’s BigQuery crypto public datasets through this cooperation, which will be powered by Coinbase Cloud Nodes and span the most popular blockchains.

The integration will let developers operate Web3-based services rapidly and reliably without the need for costly and complicated infrastructure.

“We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Brian Armstrong, Co-founder and CEO of Coinbase. “With more than 100 million verified users and 14,500 institutional clients, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology. We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.”

“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” said Thomas Kurian, CEO of Google Cloud. “We’re proud Coinbase has chosen Google Cloud as its strategic cloud partner, and we’re ready to serve the thriving global Web3 customer and partner ecosystem. 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.”

In addition, Google will use Coinbase Prime, for institutional crypto services, like secure custody and reporting.

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