In the new version of WhatsApp, indications have been found for a new way of backing up and restoring your conversation history. The feature is being tested for Android and makes cloud backup unnecessary.
WhatsApp with new migration option
A new migration option in WhatsApp makes it easier to transfer conversation history to another Android device. If you want to transfer history and media files from one device to another, you can use the backup in Google Drive. This works fine, but there may be an option that will make transferring files even easier. This is a function from Android to Android, so the iOS version of WhatsApp is not included here.
With the new option, getting started with Google Drive should no longer be the case. Based on the information from the screenshot, the cloud backup will continue to exist. It is not known when WhatsApp will make the functionality widely available to users. Its exact operation is also not entirely clear.