- Google will allow a small group of customers to pay for cloud services with bitcoin and cryptocurrencies.
- The new payment method will launch early next year in partnership with Coinbase.
- The exchange will migrate its data platform to Google Cloud.
Google will start accepting bitcoin and cryptocurrencies as payments for its cloud services early next year.
The internet giant announced on Tuesday that it has established a partnership with the largest cryptocurrency exchange in the US, Coinbase, to enable a new payment method.
“Powered by Coinbase Commerce – enabling merchants globally to accept crypto payments in a decentralized way – the new payment experience will benefit Google Cloud customers and partners by How to increase payment options for Google Cloud services,” Google said in a statement statement.
Thomas Kurian, CEO of Google Cloud, said the company’s focus is on making it “easy for all customers to take advantage of the scalability, reliability, security and services of their data. us” so that customers can focus on innovation in the crypto space.
Additionally, Google will use Coinbase Prime, the exchange’s institutional crypto custody and investment platform. While it remains unclear what specific services offered by the platform Google will leverage, the company hinted at custodial and reporting services in its statement.
The partnership will also bring Coinbase’s global data platform to Google Cloud, giving crypto developers access to Google’s BigQuery public dataset, which will be powered by Coinbase Cloud Nodes.
“The integration will allow developers to instantly and reliably operate Web3-based systems without the need for complex and expensive infrastructure,” according to the announcement.