Google, with the help of a "handful" of customers, will now allow consumers to pay for cloud services using cryptocurrency via Coinbase commerce.
Because of its worldwide acceptability, Google and other tech giants are moving into crypto, and from all signs, we can plainly state crypto is here to stay. Get the financial independence it gives through personal connection with cryptocurrency trading specialists.
According to CBNC, Google will begin taking crypto payments from select clients for its cloud services in early 2023, a rumor that sent Coinbase shares up 5% on Tuesday.
In reaction to this agreement, Coinbase Commerce will migrate "data-related apps" from Amazon Web Services cloud to Google cloud.
According to the report, the terms of the agreement have not been disclosed, but Jim Migdal, Vice President of business development at Coinbase, stated that the agreement will be similar to other Coinbase Commerce arrangements in that Armstrong Coinbase will earn a cut for every transaction that goes through the system.
Coinbase Commerce now accepts eleven cryptocurrencies, including Bitcoin, Ethereum, Tether's USDT, and Dogecoin.
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