Google Cloud Partners with Coinbase to Accept Crypto Payments and Improve the Web 3
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Answer Google Cloud Partners with Coinbase to Accept Crypto Payments and Improve the Web 3
Alphabet Inc.’s Google Cloud and Nasdaq-listed Coinbase on Tuesday announced a new, long-term strategic partnership to accept crypto payments and to better serve the growing Web 3.0 ecosystem and its developers.
Under the partnership, Google Cloud and Coinbase will use their expertise to build advanced exchange, grow data service, and process blockchain data at scale.
Coinbase will also leverage Google’s fiber-optic network to enhance global reach for its crypto services.
Additionally, Coinbase will build its global data platform on Google Cloud infrastructure and leverage the internet giant’s data and analytics technologies to provide Coinbase customers with machine learning-based crypto market insights.
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It was stated in the advertisement:
As part of the partnership, Google Cloud is set up to enable select customers, starting with those in the Web 3.0 ecosystem, to use crypto payments for cloud services via select cryptocurrencies.
In addition, Google’s encrypted public Bigquery datasets will be powered by Coinbase Cloud Nodes across leading blockchain networks, which can be accessed by Web 3.0 developers.
hungBrian Armstrong, CEO of Coinbase, said:
We’re excited that Google Cloud chose Coinbase to help bring Web 3 technologies to a new group of users and deliver powerful solutions for developers…with more than 100 million authorized users and 14,500 enterprise customers.
Coinbase has spent more than a decade building industry-leading products on top of blockchain technology.
Thomas Kurian, CEO of Google Cloud, said:
We want to make building in Web 3.0 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.
The advertisement further indicates that:
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Coinbase for enterprise crypto services will use Google Cloud for specific services such as safekeeping and reporting.
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