Google partners with Coinbase to accept crypto payments for cloud service

[ShowOff]

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.  

Firstly, this is certainly good news for bitcoin users even though they have just received it from a centralized exchange.

The partners between Google and Coinbase is expected to be a good form of support for bitcoin, but I think it would be better if Google could accept it directly rather than just through Coinbase. Sooner or later some changes can be expected, so it is good that this early stage is welcomed by the community even though it is still in the shadow of centralized service.

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[Hispo]

Apparent good news, also quite unexpected Google would consider to get step into the crypto market during this bear trend within the prices.

Bitcoin is money, no matter there's bull or bear market.
With a (mis)conception like yours, some don't sell in bear market because bull market will follow; then don't sell because "maybe it grows more" until the next bear market. Then someday they die and didn't make use of their coins. No. Bitcoin is money; every day.

Do not expect them to accept Monero.  

I would not be surprised if they would accept it, but ask for KYC  

I declare myself guilty of hoarding satoshis both in bear market and bull market, at this pace I will certainly take my private keys to the grave.  
I mentioned the state of the market because usually, people tend to jump into cryptocurrencies during bull markets, when the price and developments make it easily to the mainstream media, in the end Google is ran by people, even though, we sometimes forget about it.

Also, Good point with Monero and KYC. They could assemble and very nice list of interest for many people in the goverment.

Do not expect them to accept Monero.  

It's completely limited to coins supported by Coinbase [Commerce] and they are the ones who choose which coins to list. And Monero was completely delisted a long time ago.

A shame.
I have notice that, for example, Binance US does not allow people to commerce Monero while Binance Global does have the option to do so, even to withdraw to external wallets, so I assume it has something to do with the regulation of USA rather than a choice taken by exchanges. Something they need to do to continue operating under that jurisdiction.

[goldkingcoiner]

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.

Google (GOOGL) will start accepting crypto payments for cloud services early next year, according to a press release.

Announced Tuesday at Google’s Cloud Next conference, the tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase (COIN).

Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Google will also user Coinbase's custody service, Coinbase Prime.

This is really good news. Adoption is finally speeding up little by little. Thats exactly what I like to see. An entire country adopting Bitcoin is one thing but the fact that Google is adopting Bitcoin... Thats like a part of every country in the world in the metaphysical sense. So a lot of people will start turning to Bitcoin as a currency. I do wonder how long it will take now for Bitcoin to become the global money. A few more years? Perhaps a decade?

Decentralization is too amazing not to be considered an integral part of the future of human technology. The more Bitcoin adopters we have, the more people start learning and understanding this.

[NeuroticFish]

I declare myself guilty of hoarding satoshis both in bear market and bull market, at this pace I will certainly take my private keys to the grave.  
I mentioned the state of the market because usually, people tend to jump into cryptocurrencies during bull markets, when the price and developments make it easily to the mainstream media, in the end Google is ran by people, even though, we sometimes forget about it.

I know that most people tend to spend more when they see their investment is on profit - even if only "on paper" since 1BTC = 1BTC - but I hope that you agree that this is bad/wrong and should not matter since this kind of spenders may not be reliable (a business cannot in bull market days only), they should look at those spending no matter what; plus people's mentality should start to change and see Bitcoin is money, not only an investment tool.

And whether you get your private keys to the grave (and make everybody a bit richer) or not, I advise you consider enjoying some of those sats now and then.

Also, Good point with Monero and KYC. They could assemble and very nice list of interest for many people in the goverment.

 

[BobK71]

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.

Google (GOOGL) will start accepting crypto payments for cloud services early next year, according to a press release.

Announced Tuesday at Google’s Cloud Next conference, the tech giant said it will receive crypto payment via an integration with crypto exchange Coinbase (COIN).

Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Google will also user Coinbase's custody service, Coinbase Prime.

Very big move. If Google is starting to accept crypto as a payment this means nothing can really stop the revolution of Cryptos to happen. Even big governments will bow against Google for sure once they are determined to bring Cryptos into forefront. But yes partnership with coinbase means Google will not hold Cryptos for sure. It will immediately realise the proceedings received from cryptos to fiat and then get it in its bank account. If they start keeping bitcoin in their balance sheet also that will be hell of a big revolution.

But it can be said that since Google started accepting crypto, it will try to adopt bitcoin everywhere today or tomorrow. It's also easier for freelancers to accept payments in crypto than in fiat. So gradually I hope every level will invite Google to accept crypto but here it may need long time. Overall this can be said to be great news for the crypto community.

[$anounimus$]

Right, I think this is a big step for Google in accepting crypto payments. Although crypto has so far been mostly used for speculative purposes, the fact that Google is willing to accept crypto payments for cloud service is an encouraging sign that crypto may indeed be here to stay although Google will explore specific use cases in the future.

we will begin to see cryptocurrencies become an integral part of the cloud storage and processing ecosystem. This will be a boon for both crypto investors and cloud users, as a service like this will allow people to pay for their memory in a way they may never have considered before.

[doomloop]

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.

This isn't the first company that supports a crypto or had a partnership with a crypto entity but all of them are only a normal company. This one we have here is different. It's google this time. I think we all know that google is a big and famous company. They play a major role in the internet and the gadgets that we are using today so this could bring a positive impact in the cryptos that we know.

It can give them a wide exposure and people won't be afraid to try it anymore because google is the one who offers it. It helps speed up the adoption process. Maybe this is the good news that we are waiting for which could trigger a massive bull run.

[Falconer]

Rikafip, I hope there are many other services that will adopt bitcoin payments in the future. It doesn't matter if it's a centralized service but the best thing is that they accept bitcoin payments. To me, that doesn't detract from the real use case of bitcoin as a legal currency and tender so maybe in the future there will be many other services willing to adopt it and follow in this footsteps.

Maybe this is the good news that we are waiting for which could trigger a massive bull run.

It won't be big, but we'll go through the stages. Bitcoin will be bullish again if there is a lot of market demand. This news doesn't have much of an impact on bitcoin, so the impact on its price won't be as big as you might expect.