• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
    • FinTech Awards
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Coinbase and Google are Joining Forces to Embrace Crypto

Oct 12, 2022

Coinbase and Google are Joining Forces to Embrace Crypto

Alphabet, through its subsidiary Google, has just provided dream support for the crypto industry, which has redoubled its efforts in recent months to push the adoption of cryptocurrencies into the mainstream.

You can now pay for Google's cloud computing services with cryptocurrencies.

Google Cloud has announced that it will allow companies and developers of web3 projects to pay using crypto assets via Coinbase Commerce service. The decision is a result of a partnership with Coinbase, one of the most popular crypto exchange platforms.

Coinbase Commerce is a subsidiary of Coinbase. In addition to crypto payments, this service helps businesses bill their customers with ten of the most popular cryptocurrencies: Bitcoin, Ether, Tether USD, Bitcoin Cash, Dogecoin, Shiba Inu, USD coin, Litecoin, DAI, and Apecoin.

In the beginning, Google Cloud will allow a small number of crypto firms to pay with cryptocurrency through Coinbase Commerce. Next, the Internet giant will make this option available to more companies.

The service is expected to be available in 2023.

Great Deal for Coinbase

"The partnership will enable Google Cloud customers, including those in Web3, to pay for its cloud services with select cryptocurrencies," a press release from the companies stated. "Powered by Coinbase Commerce — which enables merchants globally to accept cryptocurrency payments in a decentralized way — the new payments experience will benefit Google Cloud's customers and partners by increasing the optionality of payments for Google Cloud services."

In tech-speak, Web3 is a somewhat vague term for the next generation of the internet that will replace Web2. Essentially, it is a decentralized internet under which consumers regain control over their personal information. It won't be Google nor Meta, who are the internet's governing authorities anymore.

Coinbase's partnership with Google is a great deal for the platform, as it will potentially attract a large number of firms that are looking to make use of the ecosystem that Google has to offer.

Additionally, Coinbase will charge a commission on transactions.

Neither Google nor Coinbase disclosed the partnership's financial details.

"We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers," stated Brian Armstrong, CEO of Coinbase. "With more than 100 million verified users and 14,500 institutional clients, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology."

Moreover, the new partners appear to be considering extending their partnership. Google plans to utilize Coinbase Prime, which can store and trade cryptocurrencies for organizations.

"Google will use Coinbase Prime for institutional crypto services, like secure custody and reporting," the companies announced.

A partnership such as this one offers Google a chance to catch up to both its main competitors in the cloud service industry — Amazon with its Amazon Web Services and Microsoft with Azure — both of which are leaders in this market.

Taking the Risk

Google will replace Amazon Web Services as Coinbase's data-related application provider since neither AWS nor Azure offers cryptocurrency payment options. It is worth noting that rather than relying on advertising revenue, Alphabet is increasing its investment in Google Services. Even though its market share is only 9%, it is rapidly growing.

By investing in the crypto industry, the technology giant expects to catch up with the sector that wants to disrupt traditional financial services and revolutionize the principles of the internet. Most importantly, Google seems to become the first for anyone developing crypto-related apps or projects, which encompasses cryptocurrencies, web3, and the metaverse.

"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," said Google Cloud CEO Thomas Kurian. "Our focus is making it frictionless for all customers to take advantage of our scalability, reliability, security, and data services, so they can focus on innovation in the Web3 space."

However, there are major risks associated with crypto ventures. Prices are very volatile, with the crypto market losing more than $2 trillion since its peak of $3 trillion in November last year, data from CoinGecko show.

Subscribe Our Newsletter

Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry
Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry

Despite rising market and regulatory concerns, Bitcoin and other cryptos are on the rise. For the first time in a month, Bitcoin has risen beyond $50,000, gaining 4%.

Crypto
Real Yields Show Where the Stock Market Is Really Headed
Real Yields Show Where the Stock Market Is Really Headed

Given the never-ending flood of statistics indicating that the United States has a significant inflation issue, those findings are outstanding. In March, wages increased by 5.6 percent year on year, up from 5.2 percent in February.

Stocks
Constantine

5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022
At the intersection of finance and technology, FinTech is an expansive industry that continues to grow at a rapid pace. This market features innovative approaches to goods and services offered by the conventional financial sector combined with technological advances from tech companies or new entrants.

discover
How to Choose the Best Liquidity Provider?

Liquidity Provider

How to Choose the Best Liquidity Provider?

Let's find out what services does the Liquidity Provider offer, is the Liquidity Provider regulated and what what other factors to consider.

Liquidity

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Alexander

    Full Bitcoin Price History: From 2009 to 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-11-300x203.png

    Constantine

    Top 5 Most Reliable KYC Technology Providers

    https://liquidity-provider.com/app/uploads/2023/01/cover-10-300x203.png

    Alexander

    The Best Crypto Wallets of 2022: Top 5 Picks

    https://liquidity-provider.com/app/uploads/2023/01/cover-2-300x203.png

    Alexander

    Top 5 Most Reliable Forex Brokers of 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-1-300x203.png

    Constantine

    5 Top-Tier Breakthrough Trading, Crypto and Fintech Industries Software Solutions in 2022

    https://liquidity-provider.com/app/uploads/2023/01/cover-300x203.png

    Constantine

    5 Most Successful FinTech Industry Startups in 2022

    https://liquidity-provider.com/app/uploads/2022/12/cover-300x203.png

    Constantine

    Top 7 Liquidity Providers of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-3-300x203.png

    Alexander

    Top 5 Crypto Exchanges of 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-1-300x203.png

    Constantine

    Top 5 Most Distinguished White Label Solutions in 2022

    https://liquidity-provider.com/app/uploads/2022/12/liquidity-provider-2-300x203.png

    Constantine

    What is Crypto Leverage Trading And How Does It Work?

    https://liquidity-provider.com/app/uploads/2022/12/oblozhka-5-300x203.png

    Constantine

    Top 5 Most Prospective Tokens in the Metaverse.

    https://liquidity-provider.com/app/uploads/2022/12/cover-7-300x203.png

    Constantine

    How to Mine Bitcoins? – Beginners Guide

    https://liquidity-provider.com/app/uploads/2022/11/cover-5-300x203.png

    Oliver

    Blockchain for Business. Pros & Cons

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-1-300x203.png

    Constantine

    The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

    https://liquidity-provider.com/app/uploads/2022/11/cover-3-300x203.png

    Alexander

    What is Web 3.0 and Why Does it Matter?

    https://liquidity-provider.com/app/uploads/2022/11/cover-1-300x203.png

    Constantine

    5 Benefits of Accepting Crypto Payments for Your Business

    https://liquidity-provider.com/app/uploads/2022/11/cover-300x203.png

    Constantine

    Hot Wallet vs Cold Wallet: Which Do I Need More for Crypto?

    https://liquidity-provider.com/app/uploads/2022/11/oblozhka-5-300x203.png

    Alexander

    What is Hedging and How Does it Work in Trading? — Ultimate Guide

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-4-300x203.png

    Oliver

    Pre-execution vs Post-execution: What’s the Difference?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-1-300x203.png

    Constantine

    What is Slippage in Trading? – Definition

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-1-300x203.png

    Oliver

    How Forex Brokers Make Money? – A-Book vs. B-Book Model

    https://liquidity-provider.com/app/uploads/2022/10/shapka-2-300x203.png

    Oliver

    What is the Ethereum Merge, And How Will it Change Ethereum?

    https://liquidity-provider.com/app/uploads/2022/10/shapka-1-300x203.png

    Alexander

    How to Spot Cryptocurrency Scams

    https://liquidity-provider.com/app/uploads/2022/10/shapka-300x203.png

    Milena

    Exploring the Metaverse: What Does It Mean for the Future of the Internet?

    https://liquidity-provider.com/app/uploads/2022/10/oblozhka-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy