Google has announced that customers will soon be able to use cryptocurrency to pay for cloud services.
An agreement between Google and the cryptocurrency exchange Coinbase was announced at the Google Cloud Next conference.
As part of the deal, Coinbase will start using Google Cloud Platform instead of Amazon services. Google Cloud Platform will initially only accept cryptocurrency payments from a select few customers, but over time Google will allow more customers to pay in cryptocurrency.
Coinbase Commerce Platform Supports 10 cryptocurrencies
The Coinbase Commerce platform supports 10 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, and Litecoin.
Google accepts cryptocurrency
The terms of the deal between Google and Coinbase were not disclosed, but the cryptocurrency exchange is said to receive a certain percentage of all transactions that go through it. The cryptocurrency payment feature will be available in early 2023.
Google is also considering using Coinbase Prime, a service that allows organizations to securely store and trade cryptocurrencies. Sources said Google plans to test its involvement in cryptocurrency asset management.