Saturday, December 3, 2022
HomeTechnologyCoinbase and Google Cloud working together to increase awareness about Web3

Coinbase and Google Cloud working together to increase awareness about Web3

According to a press statement on October 11, Coinbase and Google Cloud have agreed to form a long-term strategic relationship with the goal of fostering the growth of the rapidly expanding Web3 ecosystem.

As part of this collaboration, Google Cloud will take on the role of strategic cloud provider for Coinbase, helping the  company to build cutting-edge data and exchange services.

Coinbase will increase its worldwide crypto service reach by using its high-grade fibre optic network, and it will process blockchain data using the powerful processing platform provided by Google Cloud.

The major cryptocurrency exchange will also grow its global data platform by using Google’s reliable infrastructure. Additionally, the leading cryptocurrency exchange will employ its leading analytics and data technologies to provide its clients with ML-driven insight into digital assets.

For its cloud services, Google Cloud now accepts cryptocurrency payments from a portion of its customers, starting with those in the Web3 ecosystem. Coinbase Commerce is a decentralised payment processing solution that enables businesses all around the globe to accept cryptocurrency payments.

In addition, the agreement will provide developers working on Web3 with access to BigQuery crypto datasets that are powered by Coinbase Cloud Nodes. Because of this, developers will have the ability to launch Web3-based systems rapidly and reliably without having to resort to complex and costly infrastructure.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


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