Google today announced that through a partnership with cryptocurrency trading platform Coinbase, starting early next year, it will allow some customers to use cryptocurrencies to pay for cloud services. As part of the partnership, Coinbase will move some of its applications to Google Cloud Platform.
Amit Zavery, vice president of Google’s cloud business, said in an interview with the media that by integrating the “Coinbase Commerce” service, Google Cloud Platform will initially accept cryptocurrency payments from a small number of customers in the Web3 world. Over time, Google will allow more customers to pay with cryptocurrency
The Coinbase Commerce service has won the support of a large number of merchants, allowing them to accept cryptocurrency payments more easily. Currently, Coinbase Commerce supports 10 digital cryptocurrencies, including Bitcoin, Dogecoin, Ethereum, and Litecoin.
The parties did not disclose the financial terms of the deal, and Migdal said that like other Coinbase Commerc arrangements, Coinbase will earn a percentage of the commission from transactions made through it.
In addition, Google also announced that it is exploring how to use Coinbase Prime. Coinbase Prime is a service that stores and trades cryptocurrencies. Zaffrey said: “We will conduct experiments to see how we can participate in the management of cryptocurrency assets. ”