In order to advance Web3 innovation, Google Cloud and Coinbase have announced a partnership. This partnership includes using the cryptocurrency exchange to accept cryptocurrency payments. Coinbase CEO Brian Armstrong said, “We are thrilled Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide potent solutions to developers.
Google Cloud Partners With Coinbase
Tuesday saw the announcement of “a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers,” according to Google Cloud, a subsidiary of Alphabet Inc.
In accordance with the contract, Coinbase will utilize Google Cloud to develop its sophisticated exchange, expand data services, and process blockchain data at scale. To extend the reach of its cryptocurrency services across the globe, the exchange will also make use of Google’s fiber-optic network.
In order to give Coinbase customers machine learning-driven crypto insights, Coinbase will also develop its global data platform on Google Cloud’s infrastructure and make use of the internet giant’s data and analytics technologies, according to the announcement, which goes on to elaborate:
As part of the partnership, Google Cloud is positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies.
Moreover, Google’s Bigquery crypto public datasets will be powered by Coinbase Cloud Nodes, across leading blockchains, accessible to Web3 developers.