Google Cloud to Accept Crypto With Coinbase Deal

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SUNNYVALE<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; Google Cloud will accept payment via cryptocurrencies in a new deal with Coinbase&period; The two companies have announced a new&comma; long-term strategic partnership to better serve the growing Web3 ecosystem and its developers&period;<&sol;p>&NewLine;<p>The collaboration will involve Coinbase selecting Google Cloud as a strategic cloud provider to build advanced exchange and data services&period; Coinbase will use Google Cloud&&num;8217&semi;s powerful compute platform to process blockchain data at scale&comma; and enhance the global reach of its crypto services by leveraging Google&&num;8217&semi;s premium fiber-optic network&period; Coinbase will also build its global data platform on Google Cloud&&num;8217&semi;s secure infrastructure and leverage their leading data and analytics technologies to provide Coinbase customers with machine learning-driven crypto insights&period;<&sol;p>&NewLine;<p>As part of the partnership&comma; Google Cloud is positioned to enable select customers&comma; starting with those in the Web3 ecosystem&comma; to pay for its cloud services via select cryptocurrencies&period; Powered by <u>Coinbase Commerce<&sol;u>—which enables merchants globally to accept cryptocurrency payments in a decentralized way—the new payments experience will benefit Google Cloud&&num;8217&semi;s customers and partners by increasing the optionality of payments for Google Cloud services&period;<&sol;p>&NewLine;<p>Through this partnership&comma; Web3 developers can also access Google&&num;8217&semi;s BigQuery crypto public datasets&comma; which will be powered by <u>Coinbase Cloud Nodes<&sol;u>&comma; across leading blockchains&period; The integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers&comma;&&num;8221&semi; said <span class&equals;"xn-person">Brian Armstrong<&sol;span>&comma; Co-founder and CEO of Coinbase&period; &&num;8220&semi;With more than 100 million verified users and 14&comma;500 institutional clients&comma; Coinbase has spent more than a decade building industry-leading products on top of blockchain technology&period; We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We want to make building in Web3 faster and easier&comma; and this partnership with Coinbase helps developers get one step closer to that goal&comma;&&num;8221&semi; said <span class&equals;"xn-person">Thomas Kurian<&sol;span>&comma; CEO of Google Cloud&period; &&num;8220&semi;We&&num;8217&semi;re proud Coinbase has chosen Google Cloud as its strategic cloud partner&comma; and we&&num;8217&semi;re ready to serve the thriving global Web3 customer and partner ecosystem&period; Our focus is making it frictionless for all customers to take advantage of our scalability&comma; reliability&comma; security&comma; and data services&comma; so they can focus on innovation in the Web3 space&period;&&num;8221&semi;<&sol;p>&NewLine;<p>In addition&comma; Google will use <u>Coinbase Prime<&sol;u>&comma; for institutional crypto services&comma; like secure custody and reporting&period;<&sol;p>&NewLine;