In a move described as ‘precedent setting’ for other crypto-native companies, Google engaged in a partnership with crypto exchange Coinbase to facilitate payments of its cloud services via cryptocurrencies.
Coinbase is the second largest exchange by volume and will provide the backend for payments of Google’s cloud products via the custody service Coinbase Prime.
Validation for the crypto industry
The partnership between the two behemoths of different realms will begin next year. It gives users the option to pay for Google’s cloud services with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and an array of others.
In return, Coinbase will move its Cloud Nodes from Amazon’s Web Services over to Google Cloud. Overall the string of good news seems to keep going for Coinbase, which recently received a digital payment license to operate in Singapore.
Uniglo.io – Perfect Means of Payment
While Coinbase left open when it will add further cryptocurrencies to its payment services for Google, the move sparked interest within the GLO community to be listed. According to Rita from Uniglo.io, the asset-backed token is perfectly suitable for any means of payment. In addition, the DAO protocol is deflationary by nature, audited, and community-owned, which makes it, according to Rita from Uniglo.io, more than fitting for any payment provider.
Moreover, the choice to back the GLO token with stable assets such as Tether (USDT), Paxos Gold (PAXG), or ultra-rare NFTs makes the protocols’ floor price relatively stable and immune to volatile market conditions.
While the GLO team has to wait for next year’s launch of the services, undoubtedly, a move toward offering Uniglo’s token as a means of payment via Coinbase’s Custodial service is a no-brainer. With its launch set to take place on the 19th of November, the presale is nearing its end, and rumors have it, Uniglo.io will launch on multiple centralized exchanges soon after.
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The partnership between Coinbase and Google is groundbreaking for the crypto industry, which craves institutional recognition. Moreover, it will undoubtedly inspire thousands of crypto-native companies like Uniglo.io to find similar partnerships with non-blockchain entities. Form your own opinion and visit Uniglo.io!
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.