Google Cloud allows users to pay with Bitcoin, Ethereum, Dogecoin via Coinbase

Internet giant Google said today that it will use Coin base to accept crypto payments for cloud services early next year, according to a report from CNBC.

Google announced the deal at this year’s Cloud Next, a conference where Google pitches its state-of-the-art cloud computing business (which accounts for nearly a tenth of its revenue) to companies.

Google Cloud will begin accepting crypto payments from a “handful” of customers through integration with Coinbase Commercea payment tool for businesses, according to Google Cloud’s vice president and general manager, Amit Zavery.

Coinbase Commerce is expected to move “data-related applications” from Amazon Web Services’ cloud to Google’s.

Terms of the deal have not been disclosed, but according to Jim Migdal, vice president of business development at Coinbase, the deal will follow other Coinbase Commerce events, giving Coinbase a cut of every transaction that goes through the system.

Coinbase Commerce currently supports ten cryptocurrencies, including Bitcoin, Ethereum, Dogecoinand Tether.

CNBC also reported that there was “no guarantee” that Google would stick with Coinbase for payment processing, and there is competition from a recent crypto-integrated PayPal business service.

For now, however, the San Francisco-based crypto exchange seems to be the best choice right now.

Google’s crypto ventures

Unlike Facebook, which rebranded to Meta last yearGoogle has played its cards close to its chest in the Web3 arms race, but recent reports suggest that the company’s somewhat cool early reception of cryptocurrencies is thawing.

Last month, Sky Mavis struck a deal with Google Cloud that enables the tech giant’s cloud division to run a validation node on the Ronin Network, a Ethereum side chain set up by Axie Infinity creator Sky Mavis.

The move aims to further decentralize Ronin and enable Google to help secure the sidechain and process transactions. The Ronin Bridge was utilized earlier this year in a historic622 million dollars theft.

Google also marked the countdown to Ethereum’s big upgrade last month — called the Merger — with a one small graphics which appeared for anyone who searched for “Ethereum Merger”. The gesture is small, but says a lot about the level of recognition crypto is getting today.

A fortnight ago, Richard Widmann, Google’s head of strategy, Web3 and cloud, called his company a “layer zero” for blockchain and said the team is building a “gigantic bridge” for cross-chain interoperability.

Widmann also noted that Google’s current ethos aligns with crypto’s core values ​​of open source development and decentralization.