Google announced a new deal with Coinbase, which will allow a select set of customers to pay for its Cloud services using digital currencies such as Bitcoin (BTC and Ether . This will take effect early next year.
According to CNBC on Oct. 11, the tech giant also plans to explore using Coinbase Prime, which is a custodial service for storing and trading cryptocurrencies.
In return, Coinbase announced it will move some of its data-related applications, which were initially stored using Amazon Web services, over to Google’s cloud.
Amit Zavery, vice president and general manager and head of platform at Google Cloud, said on the onset, cryptocurrency payments will be accepted only from a select group of clients already active in Web3 via the Coinbase Commerce integration.
Zavery further stated that, over time, the service will be offered to more of its customers.
Coinbase Commerce currently facilitates payments with 10 cryptocurrencies including Bitcoin, Bitcoin Cash, Dogecoin, Ether and Litecoin
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.