Google has announced plans to accept payment in the form of cryptocurrencies for its cloud service, come 2023. Google is launching this payment option through its partnership with the global crypto exchange, Coinbase.

What they are saying 
Brian Armstrong, co-founder and CEO of Coinbase, stated in an interview, “we could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.” He added that as the crypto economy expands, more partnerships will brood. 

Why it matters
By this partnership, Coinbase is selecting Google cloud as its cloud providers to build an advanced exchange and data service. And extend the reach of its crypto services, amongst other advantages. Coinbase commerce, which offers a decentralized approach to completing cryptocurrency payments, is beneficial to Google Cloud’s customers by offering varying payment options for Google Cloud services.

The big picture 
Google is launching the new payment option in 2023 sequel to including more crypto features and services into its platform including the display of Ethereum wallet balances when a user searches for an address on the platform, and BNB Chain partnering with Google Cloud to encourage the growth of early stage Web3 and blockchain startups. 

What you should know 
Google Cloud transforms business by delivering top notch industry grade solutions with the use of Google’s technology on all the cleanest clouds in the industry. Google cloud is in use in over 200 countries and territories.

Coinbase, a company that started in 2012, is building an efficient and easy-to-use financial system powered by cryptocurrency.

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