Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo Cryptocurrency Prices today, Charts And Market Capitalizations |Ty gia Coin logo
Seeking Alpha 2022-10-11 13:17:03

Google teams up with Coinbase to accept crypto for cloud services

Coinbase Global (NASDAQ:COIN) stock advanced 3.6% in Tuesday premarket trading after tech giant Google (NASDAQ:GOOGL) said it will let some customers pay for its cloud services with digital tokens like bitcoin (BTC-USD) and ethereum (ETH-USD) via Coinbase starting in early 2023. The move is set to increase the optionality of payments for Google Cloud services thus widening the potential for crypto adoption, according to a release. Coinbase Commerce, which allows merchants to accept crypto payments, will power the new payments experience. In an effort to better serve the growing web3 ecosystem and its developers, Coinbase (COIN), America's largest crypto exchange by trading volume, will use Google Cloud to build exchange and data services.By leveraging Google Cloud, Coinbase (COIN) can process blockchain data and expand the global reach of its crypto services. And to provide its customers with machine learning-driven crypto insights, Coinbase will also utilize Google Cloud's data and analytics technologies. On top of that, Google (GOOGL) will use Coinbase Prime, a service that enables crypto custody and trading. "Our focus is making it frictionless for all customers to take advantage of our scalability, reliability, security, and data services, so they can focus on innovation in the Web3 space," Google Cloud CEO Thomas Kurian said in a statement. Separately, Coinbase (COIN) won in-principle approval to offer its crypto services...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.