The High-tech Powerhouse Google is really proving to be at the forefront of cryptocurrency adoption. The company – which recently partnered with Coinbase in order to adopt cryptocurrency payments for its cloud services – is now paving the way for cryptocurrencies that usually don’t see as much real-life utility as Bitcoin and Ethereum.
Despite initially having an opposing view on cryptocurrencies in the past – the director’s board at Google has had a change of heart.
In the past weeks alone, the company in charge of the most powerful search engine in the world has introduced several new features and collaborations regarding cryptocurrencies.
On October 13th – Google launched a new feature where users can now search for Ethereum wallets natively on Google’s search platform. The feature pulls data from Etherscan in order to display information for users.
Also this week, the tech giant declared at the Google Cloud Next Conference that it will start accepting cryptocurrency payments and that it would speed up the process by integrating with Coinbase, one of the most prominent cryptocurrency exchanges.
Prior to being made available to a larger audience, a small number of Web3 industry clients will first receive crypto payments.
Google Giving Real Life Use For Cryptocurrencies
One of the most important aspects of this new connection between Google and Cryptocurrencies is that the company is giving cryptocurrencies an opportunity to prove themselves as a functional payment method.
Ever since Bitcoin’s creation, one of the most reoccurring criticisms about crypto is that these types of digital currencies cannot be trusted and that they would have “no use-cases in real life”.
Well-established currencies like Bitcoin and Ethereum have already broken through that barrier. Today, big-name companies like Microsoft, Amazon, Twitch, Reddit, and Wikipedia all accept BTC as a payment method. In Ethereum’s case: Amazon, Chipotle, Balenciaga, Emirates, and Shopify all accept the world’s second cryptocurrency by market capitalization as payment as well.
However, the same cannot be said for “smaller” cryptocurrencies. In fact, that skepticism becomes even worse when we talk about “meme coins” like Dogecoin and Shiba Inu.
Perhaps the idea of a currency being created as a joke reinforces that mistrust.
Elon Musk is likely the biggest ambassador for meme coins. The billionaire has gone out of his way to promote several products while requesting payment in his favorite cryptocurrency – Dogecoin.
That is why Google’s adoption of cryptocurrencies like Shiba Inu and Apecoin is a huge step in the right direction for worldwide cryptocurrency adoption.
Other companies are likely to follow the steps of one of the largest companies in the world.
With the broadening of cryptocurrency payments in high-tech – the usual mistrust regarding cryptocurrencies will likely decrease – paving the way for an even more crypto-friendly future.
“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.”
Thomas Kurian, CEO of Google Cloud
