Google and Coinbase have a partnership to accept cryptocurrency payments for cloud services.

The internet behemoth will also make use of Coinbase Prime, its custodial service.

According to a press release, Google (GOOGL) will begin accepting cryptocurrency payments for cloud services in the first few months of 2019.

The tech giant said on Tuesday at Google’s Cloud Next conference that it will accept cryptocurrency payments through a connection with cryptocurrency exchange Coinbase (COIN).
A small number of clients in the Web3 sector will be the first to accept cryptocurrency payments. Google will also utilize Coinbase Prime, Coinbase’s custody service.

According to Thomas Kurian, CEO of Google Cloud, “We aim to make working in Web3 faster and easier, and our cooperation with Coinbase lets developers go one step closer to that objective.”

“We could not ask for a better partner to help execute our goal of developing a trustworthy bridge into the Web3 ecosystem,” said Brian Armstrong, co-founder and CEO of Coinbase.

In pre-market trading, shares of Coinbase were up over 5% at $70.76.

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