This Tech Giant To Accept Shiba Inu Token For Payments Next Year

The Shib Inu community, more popularly known as the Shib Army, is delighted that tech giant Google will start accepting SHIB as a form of payment starting early next year.

"Congratulations to @Google for partnering with @coinbase to accept Crypto Payments for Cloud Services," read a message posted by Shiba Inu's official Twitter handle. "Google will begin accepting crypto payments, $SHIB included in the list, for cloud services early next year via integration with Coinbase."

Google and Coinbase, which struck a deal last week, did not explicitly reveal the cryptocurrencies that would be accepted as payment for cloud services. Coinbase currently supports Bitcoin (BTC, Bitcoin Cash (BCH), DAI, Ethereum (ETH), USD Coin (USDC), APECoin (APE), DOGECoin (DOGE) and Shiba Inu (SHIB).

These cryptocurrencies are available on Coinbase by default and merchants have the option to select which crypto assets they would like to accept. This is a piece of welcome news for the Shib Army, which currently anticipates an announcement related to the layer-2 solution Shibarium.

Unfortunately, there is no date yet as to when the search engine giant would begin accepting crypto, aside from the vague "early 2023" timeline. Google is one of the pioneers in the tech industry and the latest announcement about its plan to accept cryptocurrencies as a form of payment has come as a surprise to some.

Last week, the tech giant announced its partnership with Coinbase, an American publicly traded company with a crypto exchange platform. The deal will see the search engine giant accept crypto for some of its cloud computing clients.

It is a clever move that will enable Google to integrate cutting-edge and Web3 companies that cater to crypto assets as a payment option. Coinbase, on the other hand, will get a percentage of these payments, allowing the company to diversify its revenue based on trading volume.

The partnership will also enable the crypto company to "use Google Cloud's powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google's premium fiber-optic network," said Coinbase Chief Product Officer Surojit Chatterjee. Moreover, "the integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure," the executive added.

SHIB was trading down 0.45% at $0.00001023 with a 24-hour volume of $113,801,168 as of 11.29 p.m. ET Sunday, according to the latest data from CoinMarketCap.