Google partners with Coinbase to accept crypto payments for cloud service - page 3.

so98nn

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I don’t understand why Google is not making up their own system to accept the payments. Are they broke? Lolz. Grin

Google could have been better at this by developing something their own, unique product which will attract more and more peeps with whole new experience of making payment through their “trusted brand” like Google.

It’s not for the first time they are using the third parties. Like in india they are using UPI and created Google Pay which uses traditional UPI method and keep promoting the app with new promos and stuff.

However, better options soon came into the market and they are now far far better than GPAY. That’s why it’s better they launch something unique. :-D

hosseinimr93

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Quote from: NotATether on October 11, 2022, 09:28:49 AM

My more immediate concern is whether Google Cloud will start enforcing obscene KYC requirements on crypto payers and ruthlessly dismantle them from their platform like they do to gift/prepaid card users.

Even if they don't force users to pass KYC, people will still have to verify their identity for crypto payments.
I don't think they are going to accept real bitcoin payments. They will probably accept off-chain transaction through coinbase and people will have to pass KYC on coinbase.

NotATether

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bitcoincleanup.com / bitmixlist.org

Quote from: Wind_FURY on October 11, 2022, 07:51:30 AM

Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

My more immediate concern is whether Google Cloud will start enforcing obscene KYC requirements on crypto payers and ruthlessly dismantle them from their platform like they do to gift/prepaid card users.

Hetzner already requires you to upload your passport if you pay by credit card.

DaveF

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Crypto Swap Exchange

Quote from: Wind_FURY on October 11, 2022, 07:51:30 AM

Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

Yes, but they are large enough to do their own credit card processing and banking yet they still use other people to do that. At a guess, they really don't want to deal with any of the financial processing things themselves. They are large enough to be able to negotiate good rates with processors so why bother to invest the time & money & other resources when you can just sign on the line and let someone else deal with the headache.

-Dave

Rikafip

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Quote from: Wind_FURY on October 11, 2022, 07:51:30 AM

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party?

Of course. If they were accepting it directly they wouldn't need Coinbase. Wink

Quote from: Wind_FURY on October 11, 2022, 07:51:30 AM

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. Grin

Doan9269

hero member

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It's a goodnews indeed as bitcoin serves them right in choice for making payments but also we must not forget the harm that can come through this online backup service providers, they are welcome into the world of adoption but that doesn't change the believe and conviction towards giving both of them a patronage to their services (coinbase and google cloud service provider), moreso we are close to the time where both of them will begin to seek for better security with blockchain with their services for maximum safety, which means even the cloud services and centralized exchanges were unsafe on the longrun.

Wind_FURY

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Good news!

But to play the devil's advocate, they "accept" Bitcoin "payments" through a centralized third party? Technically they're not truly accepting payments through Bitcoin. They're merely accepting payments through Coinbase, like they accept payments through PayPal.

Rikafip

legendary

Activity: 1722

Merit: 5937

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.

Quote from: https://www.coindesk.com/business/2022/10/11/google-partners-with-coinbase-to-accept-crypto-payments-for-cloud-services/

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.

Topic: Google partners with Coinbase to accept crypto payments for cloud service - page 3. (Read 568 times)