Today Google and Coinbase announced a collaboration that will allow some Google Cloud clients to pay with cryptocurrency, starting with web3 companies. However, the deal isn’t limited to accepting crypto payments.
Coinbase also mentioned that Google would use Coinbase Prime for institutional crypto services, like secure custody and reporting.
Amit Zavery, Head of Platform at Google Cloud, said somewhat cryptically that this is to “see how we can participate” with managing cryptocurrency assets, talking to CNBC. The TV station assumed this is intended to diversify Google’s treasury assets into crypto.
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