Google cloud service established a partnership with Coinbase exchange to accept crypto payments for its particular services & particular clients.
Coinbase is a US-based Nasdaq-listed crypto exchange, which is known to provide crypto trade & related services to global crypto users. In short, services by Coinbase exchange are not limited to trading crypto assets. In terms of 24 hours global crypto trade volume on the platform, the exchange is standing at 2nd rank.
On 11 October, CNBC reported that Google Cloud services selected Coinbase Prime to accept payments in Bitcoin & some leading crypto assets.
Coinbase Prime is a crypto asset custodial service of Coinbase exchange, which helps to store Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), and Litecoin (LTC) & 5 other crypto assets.
Reportedly, Amit Zavery, vice president, general manager, and head of the platform at Google Cloud company, said that Google Cloud will accept crypto payments only from those selected clients which are active in the Web3 ecosystem.
The Google Cloud Vice president also confirmed that the company will further expand this new feature to more customer base but initially it will remain limited to selected clients.
Under this partnership, Coinbase will share its client services-related collected data with Google Cloud. Deep details of this partnership are still under private domain but it is confirmed that the new payment service will come into effect in early 2023.
Earlier this, on 4 October, Near Protocol announced its partnership with Google Cloud to help the Web3 recipients of the Near project from the Google Cloud tech team.
Last month, BNBchain also announced its collaboration with Google Cloud to provide cloud services of Google for its ecosystem developers.