Google will be accepting crypto payments for cloud services, the company announced on Tuesday.
The announcement came during Google’s Cloud Conference during which the tech giant reaffirmed its commitment to the crypto payment sector.
The company will be assisted by Coinbase to make this new feature happen in a seamless and clear-cut manner.
The crypto payments will be first launched with several Web 3.0 industry clients, and Google will also make use of Coinbase’s custody service, Coinbase Prime.
Google Cloud CEO Thomas Kurian said: “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.”
The partnership was welcomed by Coinbase co-founder and CEO Brian Armstrong who said that the company was excited to have Google as their partner to help execute the firm’s vision about the Web 3.0 ecosystem.
Armstrong assured that Coinbase is the right partner for Google as well. He noted that the exchange has 100 million verified consumers along with 14,500 institutional clients.
Coinbase has also been engaged in more than a decade of building and developing industry-leading products.
Kurian added that the company remained determined to continue expanding the blockchain space and deliver on solutions that are welcomed by its customers in Web 3.0 space.
Meanwhile, Coinbase is facing a $350m lawsuit from Veritaseum Capital LLC with the company alleging that the crypto exchange alleged a patent copyright.