Google has teamed up Coinbase will allow its clients to use the crypto exchange Coinbase for payment of cloud services cryptocurrencies.
The partnership will also address the growing Web3 ecosystem. Developers will be able to operate Web3 networks instantly and reliably, without the need for expensive and complex infrastructure.
The collaboration will also see Google Cloud serve as Coinbase’s strategic cloud provider to boost enhanced exchange and data services. The report states:
“Coinbase will use Google Cloud’s powerful compute platform to process blockchain data at scale, and enhance the global reach of its crypto services by leveraging Google’s premium fiber-optic network.”
Furthermore, Coinbase’s clients will leverage Google Cloud’s data and analytics technologies for machine learning-driven crypto insights.
Brian Armstrong, Coinbase’s CEO and co-founder, expressed appreciation for the strategic partnership and stated, “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. We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.”
Thomas Kurian (Google Cloud CEO), stated that the partnership would serve as a step towards creating a simpler and more efficient Web3.
He stated that this would be frictionless because developers would benefit from the data services, reliability, security, and scalability provided.
Kurian was also added:
“We’re proud Coinbase has chosen Google Cloud as its strategic cloud partner, and we’re ready to serve the thriving global Web3 customer and partner ecosystem.”
Google kicked off Web3 when it formed a team to develop services for developers in early this year.
Google wanted to harness the potential offered by crypto space. Web3 Pioneers had developed peer to peer and decentralized systems to transform internet. News reported that Blockchain.News.
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