Google Cloud Partners With Coinbase to Accept Crypto Payments, Drive Web3 Innovation – Exchanges Bitcoin News

Google Cloud announced a partnership to support Web3 innovation. This includes the use of Coinbase’s crypto exchange for cryptocurrency payments. “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Coinbase CEO Brian Armstrong.

Google Cloud Partners with Coinbase

Alphabet Inc.’s Google Cloud and the Nasdaq-listed crypto exchange Coinbase announced Tuesday “a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers.”

Coinbase has agreed to use Google Cloud for its advanced exchange and data services growth, as well as the processing of large volumes of blockchain data. The exchange will also leverage Google’s fiber-optic network to enhance 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-driven crypto insights, the announcement details, elaborating:

Google Cloud, as part the partnership, is in a position to offer select customers the ability to pay via cryptocurrencies for their cloud services.

Moreover, Google’s Bigquery crypto public datasets will be powered by Coinbase Cloud Nodes, across leading blockchains, accessible to Web3 developers.

Coinbase CEO Brian Armstrong commented: “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers … With more than 100 million verified users and 14,500 institutional clients, Coinbase has spent more than a decade building industry-leading products on top of blockchain technology.”

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.”

Further information is included in the announcement:

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

How do you feel about Google Cloud and Coinbase partnering? Comment below to let us know your thoughts about Google Cloud partnering with Coinbase

Kevin Helms

Kevin is a graduate of Austrian Economics. He discovered Bitcoin in 2011, and has been an advocate ever since. His main interests are in Bitcoin security, open source systems, network effects, cryptography, and intersections between economics, cryptography, and Cryptography.

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