Google will soon allow cryptocurrency payments, starting next year.
US multinational tech giant Coinbase will collaborate with Amazon Web Services (AWS) to allow some of their customers to pay for cloud services. The company hopes this partnership will boost merchant adoption and make cryptocurrency easier to use.
Integrating the Coinbase Commerce service will allow people to buy physical goods in stores with an app or digital wallet account, Google said.
CNBC reported that the move is expected to happen this quarter. The report cited an announcement at Google’s recent Cloud Next conference.
Jim Migdal, Coinbase’s Vice President of Business Development, says they will be moving apps that are data-related to Google from Amazon (Web Services Cloud) because of their longstanding relationship with the latter.
Initially, Google will only accept crypto payments from a limited number of its customers. However, this integration with the Coinbase Commerce service will allow more people to become eligible.
Amit Zavery, Google Cloud’s head of the platform, commented that the idea is to welcome participants who want to explore this growing trend.
Coinbase Commerce currently supports ten digital currencies around the world, including Bitcoin, Ethereum, Litecoin, Dogecoin and Bitcoin Cash.
There was no mention of a specific transaction fee, but it’s likely to be similar to the commission percentage that Bitpay charges.