Arrangements for a strategic partnership between Google and Coinbase were made public. Selected consumers would be able to use cryptocurrency to pay for cloud solutions starting at the beginning of next year.
The new initiative will make use of Coinbase’s commerce service. Based on a blog post, Coinbase will employ Google Cloud to analyze blockchain information whilst also utilizing its fiber optic network to expand its global presence.
Web3 enterprises will first have access to a small selection of cryptocurrencies for use in cryptocurrency payments. The commerce network from Coinbase has been integrated with a number of sites, with Shopify being among the most significant.
For its enterprise cryptocurrency services, including custody and reporting, Google will be using Coinbase Prime. BlackRock, the foremost asset manager, selected Coinbase Prime for its institutional offer two months ago.
According to Google Cloud CEO, Thomas Kurian, the company’s objective is to make it easy for clients to use its solutions.