Google + Coinbase: Surprising Partners Building in Crypto

By Travis Hoium – Oct 14, 2022 at 10:30AM

NASDAQ: COIN

Coinbase Global

Market Cap

$54B

Today's Change

(5.68%) $12.71

Current Price

$236.32

Price as of April 26, 2024, 4:00 p.m. ET

Google chose Coinbase to be its crypto payment provider. This is another step toward mainstream use for cryptocurrencies.

Coinbase (COIN 5.68%) announced a partnership with Alphabet (GOOG 9.96%) (GOOGL 10.22%) subsidiary Google this week, and it contributes to the trend of big companies building in the blockchain. In Google's case, it will start taking payments for cloud services in crypto, but that use case could expand. Travis Hoium breaks down why this is a big deal for Coinbase in the video below.

*Stock prices used were end of day prices of Oct. 11, 2022. The video was published on Oct. 14, 2022.

American Express is an advertising partner of The Ascent, a Motley Fool company. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Discover Financial Services is an advertising partner of The Ascent, a Motley Fool company. Travis Hoium has positions in Coinbase Global, Inc. and Ethereum. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Bitcoin, Coinbase Global, Inc., Ethereum, Mastercard, Starbucks, and Visa. The Motley Fool recommends Discover Financial Services and recommends the following options: short October 2022 $85 calls on Starbucks. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.