Tuesday saw the announcement of a new, long-term strategic collaboration to better support the burgeoning Web3 ecosystem and its developers — according to Google Cloud and Coinbase.
As per the contract, Coinbase will utilise Google Cloud to develop its cutting-edge exchange, expand data services, and process blockchain data at scale. To extend the reach of its cryptocurrency services around the globe, the exchange will also make use of Google’s fiber-optic network.
In order to give Coinbase customers machine learning-driven crypto insights, Coinbase will also construct its global data platform on the Google Cloud infrastructure and make use of the data and analytics tools of the internet giant.
As part of the collaboration, Google Cloud will make it possible for some customers to pay for its cloud services using specific cryptocurrencies, starting with those that are a part of the Web3 ecosystem.
Additionally, Coinbase Cloud Nodes will support Google’s Bigquery crypto public datasets across the most popular blockchains, making them available to Web3 developers.
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.
Brian Armstrong, CEO of Coinbase
Google Cloud CEO Thomas Kurian said that the company wants to make Web3 development quicker and simpler, and this collaboration with Coinbase will help developers get there.
