Google will accept cryptocurrency payments for cloud services from 2023

In particular, cloud services will initially accept payments in cryptocurrencies from a small portion of customers in the Web world3.

- Advertisement -

A partnership with one of the largest cryptocurrency exchange platforms, Coinbase, was announced by Google at the Cloud Next conference.

As a result of the partnership, some of Google’s customers will be able to pay with cryptocurrencies for cloud services starting in 2023, while CoinBase will be able to leverage Google’s cloud software.

In particular, cloud services will initially accept payments in cryptocurrencies from a small portion of customers in the Web3 world. These will be decentralized Internet services, which will not be controlled by large technology companies.

But as Amit Zavery, head of platforms at Google Cloud, said, over time Google will allow many more customers to make payments in cryptocurrencies. Notably, the Coinbase Commerce service supports 10 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum and Litecoin.

As a result of the deal, Google is betting on the rise of an innovative and fast-growing market from which it is likely to squeeze notable profits. It is noted that in this way, cloud services help Google to chart a new course away from advertising, from which the Alphabet group derives around 9% of its revenues.

From the perspective of Coinbase, which generates the largest share of its revenue from retail transactions, the deal is also a turning point, as it “migrates” to Google’s cloud services from Amazon, which it has relied on for years.

- Advertisement -

It is noted that Google is also looking at leveraging Coinbase Prime, a service that stores organizations’ cryptocurrencies and allows them to execute transactions.

Previous Articles:

- Advertisement -

Latest News

BPX Gains FCA Nod to Trade Tokenized Securities in the UK

BPX, a startup focused on trading tokenized securities, received several authorizations from the UK’s...

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

FHFA Orders Fannie, Freddie to Consider Crypto as Mortgage Collateral

The U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to consider...

Must Read

Top 10 Best DeFi Tokens to Invest in 2022

Decentralized Finance (Defi), is one of the most talked-about topics in the crypto space alongside NFTs. So if you want to know the best...