Recently I have seen an update in the news portal where it was mentioned that Google has partnered with the Coinbase exchange. This partnership has been done to enable payment options on the Google platform. This way Google will be providing options to the users where they can pay for the services using cryptocurrency and for this region Google has partnered with Coinbase exchange.
This is good news I believe because getting involved with such a thick giant who is the leader in the world makes a big difference. As of now, they are focusing only on cloud services and the development will take place in the first quarter of next year. That means we will be able to pay for the charges if we avail of Google cloud services in cryptocurrencies and they will start with a couple of leading coins. While Google is going to do this, Coinbase has also agreed that they will shift their infrastructure from Amazon web service to Google cloud, so this is like a win-win deal for both companies. Coinbase is a leader in the crypto segment and Google is also the same in technology.
Both giants have joined together to bring more innovations and explore the best possibilities. This is mostly for the enterprise judges because cloud services are mostly for them, but it is good that they are going to use crypto. This is a good start also I believe because now more people will start using crypto and it is an easy way to pay for goods and services.
Having Google in crypto it's something that is very big news I believe and hopefully, many other companies will also join the crypto force sooner or later. This year 2022 has not been good for the crypto in terms of pricing but if you talk about the adoption then it is very good, and we have seen multiple companies entering in crypto this year. Microsoft has already been in crypto for quite some time as there are options to pay for their services using cryptocurrencies and now the community will be looking forward to having more giants in the space which will add more value to the crypto ecosystem.
Let's wait to see how things will be managed later and what value addition will be happening in crypto after this partnership. Hopefully, in the next bull run, such partnerships are going to play an important role and will add more action towards the adoption and price determination. The simple words I think if more people are using crypto for multiple use cases, then we can also expect better pricing in the future.
Thanks a lot