Google partners with Coinbase to integrate crypto payments

At press time, COIN shares rose 6% after Google announced its intention to use Coinbase Prime to hold its cryptocurrency.

 

Leading tech giant Google is set to integrate crypto payments into its cloud services following a new partnership with crypto exchange Coinbase.

 

Google announced on Oct. 11 that from 2023 it will start accepting cryptocurrencies for payments and use Coinbase Prime to store its crypto holdings.

 

The pilot phase will see a handful of customers pay for Google cloud services using supported currencies on Coinbase, with plans to extend access to more customers over time.

 

According to the Vice president at Google Clouds, Amit Zavery:

“Google is also exploring how it can use Coinbase Prime, and see how we can participate with managing cryptocurrency assets.”

 

The partnership will also see Coinbase moves its data-based applications away from Amazon Web Services to the Google cloud platform.

 

As of the press time, COIN shares have increased by 6% after the partnership was announced.

 

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