Google Selects Coinbase To Take Cloud Payments With Cryptocurrencies and Will Use Its Custody Tool

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. From a report: The deal, announced at Google's Cloud Next conference, might succeed in luring cutting-edge companies to Google in a fierce, fast-growing market, where Google's top competitors do not currently permit clients to pay with digital currencies. The cloud business helps diversify Google parent Alphabet away from advertising, and it now accounts for 9% of revenue, up from less than 6% three years ago, as it is expanding more quickly than Alphabet as a whole. 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. The Google Cloud Platform infrastructure service will initially accept cryptocurrency payments from a handful of customers in the Web3 world who want to pay with cryptocurrency, thanks to an integration with the Coinbase Commerce service, said Amit Zavery, vice president and general manager and head of platform at Google Cloud, in an interview with CNBC.

opening the fraud door

[awwshit]

Google is inviting a group of people that want to remain anonymous to use their services. Google will now be more likely to host phishing landing pages and other fun things.

Re:

[DarkRookie2]

If those people want to remain that way, they aren't going to use Google.

oh good, the More Fees guys

[Arethan]

Coinbase has an insane fee structure. If you haven't read it, I recommend you do so before you use them.
Fee to buy.
Fee to trade.
Fee to sell.
Tracking for taxes is 100% your problem.

It's a money grab, but most things with crypto are, so /meh

officially "do evil"

[f00zbll]

Now it's official. Google true motto now is "do evil and F the world."

The News

[muh_freeze_peach]

Has Google not been reading the news? Cryptocurrency's train has sailed.

Crypto for payments?

[linuxguy]

I thought ponzi coins were mostly for finding a bigger investing fool. Does anybody regularly use them for payments for products and services?

Next up

[e3m4n]

Next up, Alphabet Inc (aka Google) partners with Bernie Madoff to create new investment firm for retirement funds.

timing is everything

[sdinfoserv]

They seem a bit late to the party

Re:

[SinisterEVIL]

It's just getting started :)