With the collaboration, one of the largest tech companies in the world is taking a major step towards adopting payments with crypto coins. For now, only a limited number of web3 customers using Google cloud services are affected. They could pay with crypto coins from the beginning of 2023.
Web3 companies use blockchain technology to record digital ownership or ownership in a secure, transparent and verifiable way.
“In time, Google will allow many more customers to make payments with cryptocurrencies,” said Amit Zavery, chief executive of Google Cloud, in an interview with CNBC. Coinbase, one of the largest crypto exchanges in the world, gets a percentage of sales at Google.
Most cryptocurrencies have fallen sharply in value over the past year. In the world of digital coins, there is talk of a so-called ‘crypto winter’ with prices between 70 and 90 percent lower than at the peak in November 2021, when 1 bitcoin was worth more than $ 66,000.