Google recently introduced cloud payments feature through Coinbase. As a result, customers can make payments using cryptocurrency. Many of Google’s competitors have not yet been able to offer the convenience of payments using digital currencies.
Coinbase is originally an American company. Coinbase is a safe and secure platform to buy, sell and exchange cryptocurrencies. You may be surprised to know that Coinbase has no headquarters. They conduct all the work online.
Google is going to implement this feature in 2023. According to Google, the use of cryptocurrency is currently quite popular. It is expected to be quite profitable for Google’s customers. Coinbase will bring many of its applications from Amazon Web Services to Google Cloud.
Cobbbase’s market share rose 8.4 percent after Google made the announcement. Coinbase earns a significant amount of money through retail transactions. Jim, the company’s vice president of business development, said they have been using cloud web services for a long time.
In an interview, Amit Zavery, head of Google Cloud Services, said that their customers using WEB 3.0 internet services will be able to make payments using cryptocurrencies on the Google Cloud Platform.
Coinbase supports 10 types of cryptocurrency coins, including Bitcoin, Bitcoin Cash, Litecoin, and Dogecoin. Google customers can pay using any one of its currencies.
Working with Google will increase Coinbase’s revenue significantly. Zavery also stated that they are confident in the capabilities of Coinbase. This is a good initiative for Google’s customers to make payments in digital currency in a secure way.