Google, a global leader in technology, announced in a news release that it will begin taking cryptocurrency payments for cloud services in 2023.
Google and Coinbase have launched a new partnership that will enable a select group of users to pay for Google’s cloud services using cryptocurrencies like Bitcoin and Ether. The partnership will become operational early next year.
Amit Zavery, vice president, general manager, and head of the platform at Google Cloud, stated that initially, only a small number of clients that are already active in Web3 will be able to make cryptocurrency payments using the Coinbase Commerce connection. Zavery added that more of its customers would eventually have access to the service.
Coinbase Commerce currently supports payments with 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Dogecoin, Ether and Litecoin.
Coinbase said that it would shift some of its data-related apps, which were previously hosted using Amazon Web Services, over to Google Cloud in exchange for Google exploring adopting Coinbase’s custody service, Coinbase Prime.
“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.
CEO and co-founder of Coinbase, Brian Armstrong, added that: “We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.”
This partnership follows another Web3 collaboration that was announced on October 4 that featured Near Protocol and Google Cloud Services. Google Cloud will provide “technical support” to Near grant applicants, according to the statement from the Near Foundation.