As CNBC reports, the Google Cloud Platform infrastructure service will initially accept cryptocurrency payments from a handful of customers in the Web3 world who want to pay with cryptocurrency, thanks to an integration with the Coinbase Commerce service

Google is also exploring how it can use Coinbase Prime, a service that securely stores organizations' cryptocurrencies and allows them to execute trades. Zavery said Google will experiment and "see how we can participate" with managing cryptocurrency assets.

Terms of the deal weren't disclosed. But like other Coinbase Commerce arrangements, Coinbase will earn a percentage of transactions that go through it, Jim Migdal, Coinbase's vice president of business development said.