Why Google`s Coinbase Deal Is Big For Cloud Clients

Why-Google`s-Coinbase-Deal-Is-Big-For-Cloud-Clients
  • The general population is getting closer to embracing the crypto industry.
  • Coinbase has teamed up with tech giant Google.
  • Many companies would services that accept crypto payments if given the chance.

With the help of Coinbase, the cryptocurrency market is getting closer to being adopted by the general public. The first-ever cryptocurrency exchange to go public gave investors the opportunity to participate in cryptocurrency equities without needing to expressly acquire cryptocurrencies or enter the market.

Coinbase has now made yet another enormous step to hasten the adoption of Web3, teaming up with one of the biggest businesses in the entire world: Google. Together, the two will now allow cloud-computing clients to transact using cryptocurrencies including Litecoin.

Charlie Lee, the creator of Litecoin, explains how he created Litecoin while he was still working at Google. He explains that at that time, Google was not interested in doing anything with Bitcoin and so he left in 2013 to join Coinbase. 

9 years later, however, Google is finally jumping into crypto with Coinbase accepting Litecoin. He now feels his circle is finally complete.

Given that Google is now among the venerable titans of the technology sector, the news that they want to start accepting cryptocurrencies as payment for certain of their cloud computing services may come as a surprise to some.

 This deal is big because a core mindset that seeks to move away from utilizing fiat currency, such as the U.S. dollar, underpins the mentality of many crypto and Web3 firms

Many of these companies would want to employ services that accept cryptocurrency payments if given the chance, but as of today, they are just not available on the necessary scale.

The offer won’t be made widely at first. Google intends to make the service available to a small group of Web3 customers whose payments will be processed by Coinbase Commerce. Ten different digital currencies, including all the well-known ones like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and yes, even Dogecoin, are supported by this platform.

Tags:
disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer