Google Cloud set to accept crypto payments via Coinbase
Google Cloud has entered a long-term strategic partnership with Coinbase to cater to the growing Web3 ecosystem and its developers.
The partnership, which had been in the works for “many months”, has four parts to it.
First, Google Cloud will allow select customers (initially from the Web3 ecosystem) to pay for its cloud services with select cryptocurrencies through Coinbase Commerce, a platform for merchants globally to accept crypto payments.
Additionally, the partnership will enable Web3 developers to access Google’s BigQuery crypto public datasets, which will be powered by Coinbase Cloud Nodes, across leading blockchains. The integration will allow developers to “instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure”.
Google will also use Coinbase Prime – an integrated solution offering secure custody and an advanced trading platform for institutional investors and corporates.
Lastly, Coinbase plans to leverage Google Cloud’s compute platform to process blockchain data “at scale” and enhance global reach of its crypto services via Google’s fiber-optic network. Coinbase also intends to build its global data platform on Google’s infrastructure to provide its customers with machine learning-driven crypto insights.
“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” says Thomas Kurian, CEO of Google Cloud.
“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.”