Google reportedly partnered with BitPay and crypto exchange company Coinbase Global Inc (NASDAQ: COIN) to activate the new crypto feature.
This partnership will allow Google to start enabling its users to store cryptocurrency on their digital cards and still make payments in fiat money.
A new agreement between Google and Coinbase will enable a select group of customers to pay for their cloud services using virtual currencies like Bitcoin (BTC) and Ether (ETH), according to Bloomberg report.
The tech giant also intends to investigate using Coinbase Prime, a custodial service for storing and trading cryptocurrencies, according to CNBC on October 11.
Coinbase responded by announcing it would switch some of its applications for data storage from Amazon Web Services to Google’s cloud.
According to Amit Zavery, vice president, general manager, and head of the platform at Google Cloud, only a small number of clients who are already using Web3 will be able to make cryptocurrency payments using the Coinbase Commerce integration at first.
Zavery added that more of its customers would eventually have access to the service.
Ten cryptocurrencies, including Bitcoin, Bitcoin Cash (BCH $112), Dogecoin (DOGE $0.06), Ether, and Litecoin (LTC $52.10), are currently supported by Coinbase Commerce for payments.
I'm a crypto, blockchain, and tech writer. I spend my time researching and writing about cryptocurrency, NFT, AI, and new technology.
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