The world’s leading cloud computing service Google Cloud and Coinbase on Tuesday announced a strategic partnership to serve the growing Web3 ecosystem. As part of the collaboration, Google Cloud is positioned to enable customers – in the Web3 ecosystem – to pay for its cloud services via select cryptocurrencies.
According to a press release, Coinbase will use Google Cloud’s powerful compute platform to process blockchain data at scale, enhancing the global reach of its crypto services. Moreover, Coinbase will build its global data platform on Google Cloud’s secure infrastructure to leverage data and analytics technologies to provide customers with ML-driven crypto insights.
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Google Cloud CEO Thomas Kurian says, “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.” Vice President Amit Zavery informed that the strategic partnership with Coinbase will be through their platform ‘Coinbase commerce’, giving access only to selected customers. At present, the platform only accepts ten cryptocurrency payments which includes: Ethereum, Bitcoin, Litecoin, Bitcoin Cash, among others.
“We are excited that 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,” said Coinbase CEO Brian Armstrong.
Moreover, the partnership allows Web3 developers to access Google’s BigQuery crypto public datasets, powered by Coinbase Cloud Nodes, across leading blockchains. The integration allows developers to reliably operate Web3-based systems without the need for complex and expensive infrastructure.