Thursday, February 22, 2024

Google Cloud will accept Cryptocurrency soon

Google Cloud is the most recent big website to start taking cryptocurrency payments. The biggest search engine said that starting early next year, Coinbase does use to accept cryptocurrency payments for Google Cloud.

I said this at the beginning of the Google Cloud Next conference last night. This event is all about Google’s cutting-edge cloud computing division, which makes up about 10% of the company’s total income.

Google Cloud will make this possible by integrating with Coinbase Commerce. Which is the best way for retailers to accept cryptocurrency payments. Amit Zavery, the VP and GM of Google Cloud, said that at first, only a small number of clients would pay the company.

So, it does expect that Coinbase Commerce will move “apps that deal with data” from the AWS cloud to the GCP cloud.

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But Jim Migdal, Coinbase’s vice president of business development. It already does confirm that the company will get a cut of all transactions that go through the system. The mechanisms are unclear. The contract is a continuation of partnerships that aren’t doing name yet with Coinbase Commerce.

If you don’t know about Coinbase Commerce’s ten supported cryptocurrencies, they include Bitcoin, Ethereum, Dogecoin, and Tether. All of these can be used to buy things in the Google Cloud Marketplace.

Some people are wondering if Google will still use Coinbase for its cryptocurrency payments now that PayPal has a business service that works with cryptocurrency. The former, on the other hand, is at its peak and doesn’t look like it will slow down any time soon.

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