The announcement was made the Google at Google’s Cloud Next conference, where the search giant said it will receive crypto payment via integration with crypto exchange Coinbase. Initially, crypto payments will be rolled out to a handful of customers involved in the Web3 industry and for this Google will also use Coinbase Prime- the exchange’s institutional cryptocurrency investing and custody platform. Although it is not yet clear what specific services offered by the platform Google will leverage, the company hinted at custody and reporting services in its statement.
“Powered by Coinbase Commerce — which enables merchants globally to accept cryptocurrency payments in a decentralized way — the new payments experience will benefit Google Cloud’s customers and partners by increasing the optionality of payments for Google Cloud services,” Google said in a statement.
"We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers," said Brian Armstrong, Co-founder, and CEO of Coinbase. "With more than 100 million verified users and 14,500 institutional clients, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology. We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem."
Through this partnership, Web3 developers can also access Google's BigQuery crypto public datasets, which will be powered by Coinbase Cloud Nodes, across leading blockchains. The integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure.
Google's Cloud will initially allow a few users to pay with crypto with its integration with Coinbase Commerce Service. The feature will be extended to several users over time. Currently, the Coinbase Commerce service accepts 10 cryptocurrencies. It includes BTC, Bitcoin cash, DOGE, ETH, and LTC.
Many crypto fans will be drawn to Google's move. The reason for this is that a lot of people prefer cryptocurrency payments because they are quicker and cheaper.
Search For An Ethereum Address On Google
In addition to Google’s partnership with crypto exchange Coinbase to allow customers to pay for cloud services in cryptocurrencies, the search engine is now providing information on Ethereum addresses when they are searched for.
Currently, it seems that this only applies to Ethereum addresses and not to other cryptocurrencies. All the information regarding Ethereum addresses is gathered from the Ether block explorer Etherscan.