Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.
Google Cloud Partners With Coinbase To Accept Crypto Payments, Drive Web3 Innovation – Exchange Bitcoin News
Google Cloud has announced a partnership with Coinbase to drive Web3 innovation that includes using the crypto exchange to accept cryptocurrency payments. “We are delighted that Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide powerful solutions for developers,” said Coinbase CEO Brian Armstrong.
Google Cloud partners with Coinbase
Alphabet Inc.’s Google Cloud and Nasdaq-listed crypto exchange Coinbase announced Tuesday “a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers.”
Under the agreement, Coinbase will use Google Cloud to build its advanced exchange, expand data services and process blockchain data at scale. The exchange will also leverage Google’s fiber optic network to increase the global reach of its crypto services.
In addition, Coinbase will build its global data platform on Google Cloud’s infrastructure and leverage the internet giant’s data and analytics technologies to provide Coinbase customers with machine learning-powered crypto insights, the announcement details, elaborating:
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.
Also, Google’s Bigquery crypto-public dataset will be powered by Coinbase Cloud Nodes, across leading blockchains, available to Web3 developers.
Coinbase CEO Brian Armstrong commented: “We are delighted that Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and provide powerful solutions for developers… With more than 100 million verified users and 14,500 institutional customers, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology.”
Google Cloud CEO Thomas Kurian said, “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, such as safe custody and reporting.
What do you think of Google Cloud collaboration with Coinbase? Let us know in the comments section below.
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