Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Google Cloud to Let Users Pay With Crypto via Coinbase
CNBC | Jordan Novet | Oct 11, 2022
Google
said Tuesday that it will rely on Coinbase to start letting some customers pay for cloud services with cryptocurrencies early in 2023, while Coinbase said it would draw on Google’s cloud infrastructure.
- Coinbase shares rose as much as 8.4% in Tuesday’s trading session, although the stock is still down over 70% for the year.
- Coinbase, which generates a majority of its revenue from retail transactions, will move data-related applications to Google from the market-leading Amazon Web Services cloud, which Coinbase has relied on for years, said Jim Migdal, Coinbase’s vice president of business development.
- Coinbase Commerce supports 10 currencies, such as Bitcoin, Bitcoin Cash, Dogecoin, Ethereum and Litecoin and will earn a percentage of transactions that go through it
See:
Google Cloud is expanding it’s blockchain business and hiring
Google’s Fusing Street View with AI to Create Metaverse like ‘Immersive View’
- Google is also exploring how it can use Coinbase Prime, a service that securely stores organizations’ cryptocurrencies and allows them to execute trades. Zavery said Google will experiment and “see how we can participate” with managing cryptocurrency assets.
- Blockchain technologies such as nonfungible tokens, or NFTs, have become a bigger focus for Google’s cloud division. Previously, Google’s cloud chief, Thomas Kurian, has pushed for growth in major industries such as media and retail. This year it announced the formation of teams to drum up blockchain business and build tools that third-party developers can draw on to run blockchain applications.
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