HomeCryptocurrencyGoogle Cloud and Coinbase collaborate to accept cryptocurrency payments and advance Web3...

Google Cloud and Coinbase collaborate to accept cryptocurrency payments and advance Web3 innovation.

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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.

“We are thrilled Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Brian Armstrong, CEO of Coinbase. Coinbase has spent more than ten years developing market-leading products on top of blockchain technology, with more than 100 million verified users and 14,500 institutional clients.

Google Cloud CEO Thomas Kurian opined: “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.”

The announcement further notes:

Google will use Coinbase Prime, for institutional crypto services, like secure custody and reporting.

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