He also noted that over time more customers will be allowed to make payments with cryptocurrencies. The Coinbase platform accepts about 10 digital currencies, including Bitcoin, Ethereum (whose value has decreased more than 60% in the last year), Dogecoin and Litecoin.
“We look at other companies on the crypto side. Ultimately, Coinbase had the greatest capacity,” Zavery said of the decision to opt for this organization as the platform to make payments, since before the announcement it was not a given that the Mountain View company would opt for it.
Although the terms of the agreement were not disclosed, when using Coinbase for its transactions, the technology company must pay a percentage of the transactions carried out on the platform, according to Jim Migdal, vice president of business development at Coinbase.
The same executive highlighted that both companies had been in talks for months to reach an agreement that involves the transaction platform, the use of the cloud and the Coinbase Prime service.