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Google announced today that they have partnered with Coinbase to make cryptocurrency payments easier for their cloud services users. Users will now be able to pay for cloud storage, compute power, and data transfer using Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
And for that, the business has teamed up with Coinbase, a well-known cryptocurrency exchange platform. This collaboration is also known as web3 innovation.
Within the Next Year, Google Cloud Will Start Accepting Crypto-based Transactions.
In accordance with the Coinbase statement, Google has selected three key areas and tools, including Coinbase Commerce, Coinbase Cloud Node, and Coinbase Prime, to achieve the desired results.
However, Coinbase Commerce, which will allow Google to take payments because it will receive and convert cryptocurrencies, is the most crucial tool for accepting cryptocurrency payments.
Additionally, it supports practically all cryptocurrencies, including Shiba Inu, Dogecoin, USD Coin, Tether USD, Ethereum, and many others.
The company has embraced Coinbase Cloud Note, which will enable developers to handle the Web3-based system and Google Cloud's blockchain data, as I mentioned above, so it is more than just a relationship.
This implies that the business would discover innovation for Web3 technologies as well.
Additionally, Coinbase Prime will assist the business in overseeing the safe storage of the reports and data, as coinbase calls it.
"We aim to make building in Web3 faster and easier, and our cooperation with Coinbase lets developers get one step closer to that goal," said Thomas Kurian, CEO of Google Cloud, in a statement.
Additionally, Coinbase would deduct a portion as a service fee from transactions done through their commerce platform, according to the CNBC article.
Additionally, the report noted that Coinbase is moving some of its apps from Amazon Web Services to the Google Cloud.
By the beginning of next year, users of Google Cloud will have access to this service.
Tag:
crypto-news
