Google Cloud to Accept Crypto Next Year, Coinbase Sets Up in Singapore

Google Cloud has been preparing for Web3 since the start of this year, and has recently announced its plan to start accepting cryptocurrency payment by 2023. The announcement was made at the Cloud Next Conference. The crypto payment option will be rolled out initially for a small group of active clients using Coinbase Commerce.

By 2023, crypto adoption will get a new boost when Google, which had banned crypto advertising earlier, will slowly begin accepting cryptocurrency for its Cloud platform. The payment option appears to be in stages, starting with a few active clients, and the currencies will include Bitcoin, Doge, Ether, Litecoin and Bitcoin Cash. Also in the plan is the exploration of Coinbase Prime that is meant for storing crypto.

Coinbase is among the largest US exchanges, and its latest move includes getting in-principle approval from Singapore to offer its payment services. The preliminary approval came from Singapore’s central bank, which has allowed several services to offer digital payment services under its regulatory act.

As per a Moneycontrol report, around 180 ventures, last year had applied for the payment license to the city’s Monetary Authority, of which only 17 succeeded in receiving in-principle approval. These include and DBS Vickers.

Another interesting move from Coinbase is a small feature that would allow US users to check out which of their election candidates are pro-crypto.


Share & like

Related Posts