Google set to accept Crypto Payment for its Google Cloud Services, in a recent announcement by the Tech Giant. Cloud computing has been very instrumental to the advancement and far-reaching feat achieved by major tech companies as we know it today.
Thanks to competitors like Microsoft Azure and Amazon Web Service, there has been nothing short of fierce competition is the world of cloud computing. The war is far from being won outrightly by any of the three tech giants when it mattered with offering cloud service.
Google has partnered with one of the biggest Crypto Exchanges Coinbase on the premise that for using Google’s Cloud service payment for same would be made via cryptocurrency. Coinbase employs cloud computing in serving its user base and powering its platforms
What Cryptocurrencies will be accepted as payment?
The news wasn’t clear yet on what cryptocurrencies would be accepted as payment. Is it going to be Bitcoin, Ether, Litecoin, USDT/USDC/BUSD or even maybe Dogecoin and a meme coin? The plan is to roll it out in early 2023. However, these are all still sketchy at the moment.
The CEO of Coinbase Brian Armstrong said:
“We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers. 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. We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.“— Brian Armstrong
Meanwhile the Head of Google Cloud Service, Thomas Kurian had this to say about the collaboration:
“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal. 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. 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.“— Thomas Kurian
The report is still developing, and Nebo Finance will follow up as major players in the cloud computing business are improving and reaching massive adoption with cryptocurrency and blockchain. Blockchain is decentralized and a lot of these systems run on in the clouds.