Google and Coinbase Partner To Allow Crypto Payments In Some Services

On Tuesday, tech giant Google revealed its intentions to collaborate 

Some Google Cloud users will be able to pay for the services with cryptocurrency starting in the first quarter of 2023. Coinbase would move its operations to Google Cloud through a separate collaboration. The agreement involving cryptocurrency payments may mark a turning point in the acceptance of cryptocurrencies and have long-term effects. The announcement is very significant given Google's extensive technological presence and Coinbase's enormous user base.

Bitcoin payments For users of Google Cloud, Powered By Coinbase

At Tuesday's Google Cloud Next conference, the cooperation was announced. The crypto payment tool would initially only be accessible to a small number of consumers, according to a CNBC report. According to Google CEO Amit Zavery, this would be the first step towards making the feature available to all Google Cloud users. He also said that before choosing Coinbase, Google tested out cryptocurrency payment services from a number of other businesses.

On the other hand, Coinbase may have a fantastic opportunity to increase the number of institutions that use its services. The Google agreement comes as the cryptocurrency exchange is actively working to establish operations outside of the United States. Earlier on Tuesday, Singapore's central bank granted Coinbase a licence for its digital payment token services. In addition to its ongoing operations in numerous European nations, this development in the South Asian nation.

Operations For Coinbase Are Now On Google Cloud

Coinbase announced that it will switch its cloud operations from Google to Amazon as a result of this agreement. A Coinbase official named Jim Migdal announced that the company will relocate data-related apps from the Amazon Web Services cloud to Google.