• Dogecoin, Shiba Inu, Ape Coin prices nosedive after the committee responsible for US Open Market Operations expects high inflation to stay. 
  • Google joined hands with Coinbase to accept cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB) and Ape Coin (APE) for its cloud services. 
  • Analysts predict Shiba Inu price rally to the triple bottom support level at $0.00001001. 

Google expressed support for cryptocurrencies through its acceptance of Dogecoin, Shiba Inu, Ape Coin and other cryptos as payment for cloud services. Google’s support of cryptocurrencies could drive their adoption and utility. 

Also read: Solana exploit alert: Exploiter behind $100 million Mango Markets hack issues warning

Google supports SHIB, DOGE and APE, accepts crypto payments 

Google collaborated with Coinbase to accept cryptocurrencies as payment for its cloud services. While Google’s stance on crypto was negative before June 2021, the tech giant disclosed that it was revisiting a policy to enable cryptocurrencies. Google will start accepting crypto payments early in 2023. 

The tech giant announced it would be accepting crypto payments in the Google Cloud Next Conference and that it would facilitate the development through integration with one of the largest cryptocurrency exchanges, Coinbase. Crypto payments will be rolled out to a handful of customers involved in the Web3 industry before opening it to a wider audience. 

Thomas Kurian, CEO of Google Cloud was quoted as saying:

We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.

Google has unveiled plans to use Coinbase’s custody service, Coinbase Prime. The tech giant has added several crypto features and services recently, besides accepting cryptocurrencies as payment. One of the features is that Ethereum wallet balances are visible when an address is looked up on Google. 

Google Cloud is lending support to the growth of early-stage Web3 and blockchain startups through its partnership with BNB Chain. 

Brian Armstrong, co-founder and CEO of Coinbase said,

We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.

Owen Lau, an analyst at investment bank Oppenheimer, believes more partnerships in the crypto ecosystem will follow as the crypto economy expands. Coinbase therefore has the opportunity to act as an integrated digital asset enabler, rather than a pure-play cryptocurrency exchange. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Cardano Price Prediction: The market bottom no one wants to call

Cardano Price Prediction: The market bottom no one wants to call

Cardano price continues to make gains in the crypto market, as the smart contract has risen 70% since January 1, reaching a new uptrend high at $0.4138. Despite the skeptical market sentiment for risk assets, Cardano’s Price action remains unfazed.

More Cardano News

Algorand Price Prediction: Bulls aiming for a 25% spike

Algorand Price Prediction: Bulls aiming for a 25% spike

Algorand price is showing an applaudable amount of strength to start the month of February. The scalable blockchain token could rally an additional 25% if market conditions are met.

More Algorand News

Crypto.com Price Prediction: CRO at a crossroads

Crypto.com Price Prediction: CRO at a crossroads

Crypto.com price has been trading within a 10% range for nearly two weeks. The $0.08 barrier has consistently acted as resistance, and the mid-$0.07 has acted as support. The coiling range has yet to make a decision on which way it will resolve.

More Crypto.com News

Terra Classic Price Analysis: Ray Dalio’s outright negativity on crypto existence is bad PR for LUNC

Terra Classic Price Analysis: Ray Dalio’s outright negativity on crypto existence is bad PR for LUNC

Terra Classic (LUNC) could only book roughly a 1.4% gain on the back of the Federal Reserve meeting from late Wednesday, which triggered upswings in all risk asset classes. The biggest winner of the evening was EUR/USD, as it traded over 1% higher and broke 1.10 to the upside.

More Terra Classic News

Bitcoin: If bulls are back, this is where you can accumulate BTC next

Bitcoin: If bulls are back, this is where you can accumulate BTC next

Bitcoin price shows a lack of momentum after an explosive move in the last three weeks. The fourth week has been relatively silent, without a lot of volatile moves. While BTC consolidates, other altcoins are rallying left and right, providing massive gains.

Read full analysis

BTC

ETH

XRP