Google partners with Coinbase to accept crypto payments for cloud service

[BALIK]

Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

Let us look at the bright side of the news, from a company that banned all things bitcoin and cryptocurrencies a few years ago, but they now have a completely different view on cryptocurrencies as a whole now. Not only lifted the ban but also started using it, showing that the crypto is developing in a positive direction. Everything should be applied slowly, not in a hurry, with google's lead, hopefully other tech corporations will follow in the footsteps of making bitcoin and cryptocurrencies more world-friendly.

[Wind_FURY]

Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

though using coinbase means google will be selling a % of coin for fiat.. i think the point is this

google customers that have bitcoin dont have to themselves sell their bitcoin to fiat and then put it on a credit/debit card to then hand google debit/credit card details to then buy a google service

in short people can buy google services with bitcoin

My point is this, unless there are many jobs that pay in Bitcoin, do they expect Google service users to buy Bitcoin then use that to pay Google? Because it would have been more efficient to pay in fiat directly, unless Google accepts Bitcoin only.

Plus just ignore me, it was just a shower thought, I know I look nit-picky posting it. But it is still probably a wasteful way to use Bitcoin, especially if you have other payment methods.

[Blawpaw]

Even though coinbase is a centralized exchange, this is huge news! While centralization is one of the most nefarious aspects of the current economic model, we still need to use it to propel bitcoin's mass adoption.

[Kemarit]

Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

Yes, but still though, it's a good and welcoming news to hear the big G, finally accepting BTC as "payment" scheme. Although the market didn't react positively about this news, as we are in the bear market.

So let's see how it goes, I mean we have platforms that accepts Bitcoin in the past, but suddenly decided to stop it for unknown reasons. So hopefully this partnership will last till the next bull run and so it's a win-win situation for both Google and their consumers.

[coinerer]

It is a great opportunity for us. and it is really a good news. Many times I myself have faced many problems by going to take the service of Google Cloud with credit card.  And meanwhile, it was unfair to impose high penalties if credit card payments were delayed every month in the bank on time. So it will be a great opportunity for us to use the services of Google Cloud very easily with cryptocurrency

[Adbitco]

I have a very little question towards this wonderful opportunity, i want know about those who don't have access to coinbase or those country who don't trade coinbase how did they tends to use this service and even if they are allowed to use this service must user pass kyc on coinbase before they can explore this service as well?
Please do not see my question as something not valuable. I have been trying to pass and before i make used of any exchange or platform i will possibly make sure i read to know their compliance before engaging myself with selfservices.

[hugeblack]

I'm amazed at people who talk about privacy when they use services like Google's cloud, they know more about you than they need you to upload verification data.
As for the risk, even large companies like namecheap did not accept bitcoin directly except through a third party, and then after a while they accepted bitcoin directly.

The question now is, is it the end of the Bitcoin ads ban?

[Yatsan]

It is somehow the same with other online bankings or wallets who claimed to adapt this technology but in reality it is just a three-way transaction and I cannot say that this is a direct adaptation. However, small things are better than nothing so I could say we can still count this one as one of the progress towards this industry's growth as a cryptocurrency. I hope that day wherein there will be actual online payments which would accept cryptocurrencies as mode of payment; those which are on the mainstream for such action to manifest in the eyes of non-crypto users.

[DanWalker]

Even though coinbase is a centralized exchange, this is huge news! While centralization is one of the most nefarious aspects of the current economic model, we still need to use it to propel bitcoin's mass adoption.

Not coinbase but google is the focus in this situation. It can be seen that google is the world's leading technology company, their products are very close to ordinary users such as youtube, google search or office utility services. Google is ubiquitous in our tech lives, and this partnership is a breakthrough for the crypto industry. They are going through coinbase which is a centralized exchange but prove that they are cautiously accepting cryptos step by step which does not yet show that they have seen the potential of crypto.

[Bitstar_coin]

As the title says, Google plans to start accepting crypto payments for their cloud service early next year via partnership with Coinbase. No matter  what people think about Coinbase and centralized exchanges in general this is a good news and a step in the right direction regarding crypto adoption.

Yes mate, centralized or not the important thing is to see btc acceptance on a large scale. Google is a multinational company with millions of users and coinbase is no less, these are two powerful combo that will bring crypto payment service to a large number of people.
This is definitely another great news, this is how mass adoption will eventually happen.

[Mpamaegbu]

Google which was against cryptocurrency in the past banning cryptocurrency ads for different reasons now getting connected through it is a big change. Corporate networks always wants to stay active with the innovation of the period and here Google have done it. This is a big news and the same will make more other companies start accepting bitcoin into their businesses through some means.

Yes, it's cheering news but we can't be too excited when it comes to anything crypto and Google's involvement. Banking on Google to keep its word and not renege at the slightest excuse is like trusting Elon Musk on his word that Tesla would hodl Bitcoin long term without selling to take profit at any time. Did Tesla not at a point sell off? That's the point. I don't know why I keep insisting that Google can't be trusted after its negative press on crypto in 2018. It's a kind of deja vu for me.

[bakasabo]

My point is this, unless there are many jobs that pay in Bitcoin, do they expect Google service users to buy Bitcoin then use that to pay Google? Because it would have been more efficient to pay in fiat directly, unless Google accepts Bitcoin only.

Plus just ignore me, it was just a shower thought, I know I look nit-picky posting it. But it is still probably a wasteful way to use Bitcoin, especially if you have other payment methods.

My point is - it is not useless, but the effect of this announcement is less than people wish it could. It is clear that with time, it will be possible to pay in crypto for other Google services. But right now, cloud service, I think, isnt the main source of Google's income or not so many payments are done for cloud service, compared to payments for ads. People have already pumped those news like crypto adoption for whole Google, but this is just one service. This has similar effect of Tesla accepting dogecoin, with a minor clarification - only as a payment for accessories.

[Lucius]

Maybe I'm too old-fashioned when it comes to Bitcoin, so it might be strange to some that I think that neither Coinbase nor Google are good for Bitcoin, considering that both companies have long since shown their true colors when it comes to Bitcoin. I won't go into details now, but for those who want to know more, I suggest reading Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again.

When it comes to Google, their attitude towards the Internet is absolutely centralist in every sense, and their inability or carelessness to control who and what they promote through their paid ads resulted (and still does) in great financial losses for all who do not know protect in a proper way.

Therefore, I think that this kind of partnership does not make much sense for the end user who values his privacy and wants to move as far away from such companies as possible.

[Wind_FURY]

My point is this, unless there are many jobs that pay in Bitcoin, do they expect Google service users to buy Bitcoin then use that to pay Google? Because it would have been more efficient to pay in fiat directly, unless Google accepts Bitcoin only.

Plus just ignore me, it was just a shower thought, I know I look nit-picky posting it. But it is still probably a wasteful way to use Bitcoin, especially if you have other payment methods.

My point is - it is not useless, but the effect of this announcement is less than people wish it could. It is clear that with time, it will be possible to pay in crypto for other Google services. But right now, cloud service, I think, isnt the main source of Google's income or not so many payments are done for cloud service, compared to payments for ads. People have already pumped those news like crypto adoption for whole Google, but this is just one service. This has similar effect of Tesla accepting dogecoin, with a minor clarification - only as a payment for accessories.

My point is not about whether it's good or bad that Google started to "accept" Bitcoin as payment. It's about, technically, does Google truly started to accept Bitcoin as payment.

All of you probably have gambled in Bitcoin casinos. You would probably know the difference between making a Bitcoin deposit direct to a casino, and a deposit to a third party processor and then deposit "pretend Bitcoins" to the casino. If that becomes the standard way to adopt Bitcoin, what do we need POW for?

[vv181]

Maybe I'm too old-fashioned when it comes to Bitcoin, so it might be strange to some that I think that neither Coinbase nor Google are good for Bitcoin, considering that both companies have long since shown their true colors when it comes to Bitcoin.~

When it comes to Google, their attitude towards the Internet is absolutely centralist in every sense, and their inability or carelessness to control who and what they promote through their paid ads resulted (and still does) in great financial losses for all who do not know protect in a proper way.

Therefore, I think that this kind of partnership does not make much sense for the end user who values his privacy and wants to move as far away from such companies as possible.

It is should be expected that Google didn't chase those kinds of users. We know how much Google centralization rules the world through its browser, cloud, analytic platform, etc. But if we zoom out in regard solely to adoption, no matter how they implement the payments system or whether they end up selling or keeping the coin, I think it will benefit the cryptocurrency scene as a whole.

Some might prevent or minimize to use of any Google-related services, but there exist some people who truly get benefits due to Google implementing cryptocurrency payments, and while on the other hand, the community indirectly gets its own publicity. It is just a matter of choice.

[pawanjain]

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party?

Of course. If they were accepting it directly they wouldn't need Coinbase.  

Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

True, but its important to take one step after another. I don't think that it is realistic to expect from such a big company like Google to start accept bitcoin directly P2P. I mean, it would be great of course, but even this is a positive thing. Slow and steady wins the race so who knows, in a few years they might start accepting bitcoin directly.  

They would never accept bitcoin directly. I mean, common it's Google, they find ways to track our data. Why would they even consider using a service that doesn't give them enough data about their customers.
I think they are partnering with Coinbase just so that they can get more data about people involved in crypto.
There would definitely be some rationale behind this move from Google.

[Rikafip]

They would never accept bitcoin directly. I mean, common it's Google, they find ways to track our data. Why would they even consider using a service that doesn't give them enough data about their customers.

Just 11-12 years ago bitcoin was something that was used only by a handful of cypherphunks and enthusiasts, and now we can see into what this has developed so I wouldn't use "never" easily when it comes to bitcoin adoption. And who says that they can't get enough data from their customers just because they would pay with bitcoin.

I think they are partnering with Coinbase just so that they can get more data about people involved in crypto.

That could be the case as well, but somehow I doubt that they need Coinbase help when it comes to that as they are doing pretty good on their own in that regard.

There would definitely be some rationale behind this move from Google.

Money.

[Leviathan.007]

That's a piece of very good news whenever we see some company accepting bitcoin for payment they start a partnership with a bitcoin related company and especially the bitcoin exchanges regarding this, coinbase is one of the oldest bitcoin and cryptocurrency exchanges in the world, and in the hand, google is one of the most famous companies, I guess this partnership between these two ain't companies can have good effects on bitcoin accepting situation in the world, and will attract more attention for other companies to start accepting bitcoin for their business.

[EarnOnVictor]

Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

I don't get really excited when I read a thing like this anymore, though I still appreciate the fact that Bitcoin is gaining more adoptions over the years. But the condition they will subject you to is not really fair. This is a third-party arrangement, and I quite understand Google trying to avoid some risks of fluctuations in the price of Crypto.

Yet, it is always the users/customers that will be at a loss as the price they will be giving will be manipulated as they always do, thereby forcing us to pay more. I got angry due to this kind of arrangement in August due to Coinbase partnering with a company I had a deal with.

[Pierre 2]

People should never be scared of centralized exchanges being some bridge between companies and them. This was supposed to happen. We are still at early ages of Bitcoin. We need far more time for Bitcoin to become completely independent option of payment through huge companies. Until that day, Coinbase, Binance, Bitfinex don't matter at all. Anyone increasing Bitcoin influence is welcome to financial world.