While Google is one of the biggest tech companies, Coinbase is one of the most popular crypto platforms. The two companies partnered to allow customers to pay for Google’s cloud services in some cryptocurrencies. The partnership will be also an improvement step for Web3 technology. Here are the details about the Google and Coinbase partnership.
Google and Coinbase step for Web3
According to the official announcements, the tech giant is partnering with Coinbase for customers to use select cryptocurrencies as a payment method in Google cloud services. This partnership will also be beneficial for Web3. The tech giant will use Coinbase Commerce to make the new payment system available.
Coinbase Commerce will let users receive, accept, and convert select cryptocurrencies such as Bitcoin, Ethereum, USD Coin, Tether USD, Dogecoin, Shiba Inu, and more. The Coinbase system will take some fees for the transactions. This feature will be a useful tool, especially for Web3 developers. The partnership will improve the cryptocurrencies ecosystem while it also improves BigQuery crypto public datasets.
The CEO of Google Cloud Thomas Kurian explained, “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal. We’re proud Coinbase has chosen Google Cloud as its strategic cloud partner, and we’re ready to serve the thriving global Web3 customer and partner ecosystem.”
With this update, the crypto platform will move some of its “data-related applications” from Amazon Web Services to Google Cloud. Thanks to Coinbase Node, developers will have access to blockchains and they can build decentralized apps. While this feature is built for firstly for large companies to store and trade cryptocurrencies, the tech company is planning to use Coinbase Prime for these cryptocurrencies.