Google will let select users pay for its Google Cloud service using cryptocurrency beginning in early 2023.
In an Oct. 11 announcement, Google said it had formed a long-term strategic partnership with Coinbase to better serve the Web3 ecosystem and its developers.
The partnership positions Google Cloud to let some of its users pay for its cloud services through certain cryptocurrencies, although it does not specifically mention any by name.
Since this feature will be powered by Coinbase Commerce – a platform that lets global merchants accept crypto for payments – it is reasonable to assume that the list of supported cryptocurrencies will include some of the solution’s 10 most popular cryptocurrencies. These include bitcoin, ether, bitcoin cash and dogecoin.
Another aspect of the partnership will see Web3 developers gaining access to Google Cloud’s blockchain data through BitQuery. This will be powered by Coinbase Cloud Nodes and will let developers operate Web3 systems without the need for complex infrastructure.
Google will also use Coinbase Prime – the crypto exchange’s advanced trading platform and custody solution – for its institutional crypto services. At the same time, Coinbase will use Google Cloud as its strategic cloud provider as it builds advanced exchange data services and processes blockchain data at scale.
“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.