Google Partners With Coinbase to Accept Crypto Payments for Cloud Services
The tech giant will also use Coinbase’s custody service, Coinbase Prime.
Announced Tuesday at Google’s Cloud Next conference, the tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase (COIN).
Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Google will also user Coinbase’s custody service, Coinbase Prime.
“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” said Thomas Kurian, CEO of Google Cloud.
Brian Armstrong, co-founder and CEO of Coinbase, added: “We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.”
Shares of Coinbase were up over 5% at $70.76, during pre-market trading.
“We believe more partnerships with traditional players will follow. As the crypto economy expands longer term, Coinbase will look more like an integrated digital asset enabler than a pure-play crypto exchange,” said Owen Lau, analyst at Oppenheimer.
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