Google Cloud and Coinbase announce long-term alliance to drive Web3 innovation

Google Cloud and Coinbase have announced a new long-term strategic alliance to serve the Web3 ecosystem and its developers better. Coinbase will select Google Cloud as a strategic cloud provider to build an advanced exchange and data services as part of the collaboration.

Coinbase will process blockchain data at scale using Google Cloud’s powerful computing platform. It will expand the global reach of its crypto services by leveraging Google’s premium fiber-optic network. Coinbase will also build its global data platform on Google Cloud’s secure infrastructure, leveraging its leading data and analytics technologies to provide machine learning-driven crypto insights to Coinbase customers.

“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 Brian Armstrong, Co-founder, and CEO of Coinbase. “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.”

‘A step closer to building Web3 faster and easier’

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. The new payments experience will benefit Google Cloud’s customers and partners by expanding the optionality of payments for Google Cloud services. It is powered by Coinbase Commerce, which enables businesses worldwide to accept cryptocurrency payments in a decentralized manner.

“We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal,” said Thomas Kurian, CEO of Google Cloud. “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. Our focus is making it frictionless for all customers to take advantage of our scalability, reliability, security, and data services to focus on innovation in the Web3 space.”

Through this alliance, Google’s BigQuery crypto public datasets spanning the most popular blockchains will also be accessible to Web3 developers. Coinbase Cloud Nodes will back these datasets. With the integration, developers won’t need to invest in costly infrastructure to quickly and reliably operate Web3-based systems.

WRITTEN BY

Team Eela

TechEela, the Bedrock of MarTech and Innovation, is a Digital Media Publication Website. We see a lot around us that needs to be told, shared, and experienced, and that is exactly what we offer to you as shots. As we like to say, “Here’s to everything you ever thought you knew. To everything, you never thought you knew”