Google Partners up With Coinbase for Crypto Payments
Coinbase has partnered with Google Cloud to provide crypto services to Web3 users and developers.
The crypto exchange will process blockchain data on Google Cloud and expand its cryptocurrency services with Google’s optical network, according to a press release.
Through the partnership, customers can pay for Google’s cloud services using cryptocurrencies and gain access to Coinbase Commerce, which allows businesses to accept payments in cryptocurrencies.
“We’re thrilled that Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and to provide powerful solutions for developers” Brian Armstrong, co-founder and CEO of Coinbase, said in the announcement.
“With more than 100 million verified users and 14,500 institutional customers, Coinbase has spent more than a decade building industry-leading products on the blockchain. We couldn’t ask for a better partner to help us realize our vision of building a trusted bridge to the Web3 ecosystem.”
The partnership announcement was made at the Cloud Next conference on Tuesday. According to a CNBC report, the crypto payments feature will initially be offered to a select few customers. This will be the first step before making it available to all Google Cloud users, said Amit Zaveri, vice-president of the engineering division at Google.
READ MORE: Binance Removes Three Stablecoins From Its Platform
He added that Google had tried crypto payment products from several other companies before settling on Coinbase.
On the other hand, this could be a great opportunity for Coinbase to further expand its user base to institutions. The deal with Google comes at a time when the crypto exchange is actively looking to expand outside the U.S. Earlier on Tuesday, Coinbase received a license from the Central Bank of Singapore to operate with digital tokens in the country.
Jim Migdal, CEO of Coinbase, said the company will move data-related applications from AWS to Google.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
