Home News Coinbase and Google collaborate to grow the Web3 ecosystem.

James Carter

27 Jan 2023

Coinbase and Google collaborate to grow the Web3 ecosystem.

Google Cloud and Coinbase have said they will work together to start a pilot program for crypto payments and grow the Web3 ecosystem.
Google Cloud and Coinbase are working together to speed up the Web3 ecosystem by starting a new pilot program for crypto payments.

Coinbase will build its global data platform on Google Cloud, and Google Cloud will use Coinbase Commerce to accept cryptocurrency payments for its own services.

Google Cloud Services will be able to be paid with cryptocurrency through Coinbase.

Reports say that Coinbase will move its workloads to Google Cloud in order to create more advanced exchange and data services and to give its customers crypto insights based on machine learning and powered by BigQuery and VertexAI.

The new pilot program will allow cloud services to be paid for with cryptocurrencies. Google Cloud will let a small number of customers in the Web3 ecosystem buy its cloud services with certain cryptocurrencies through Coinbase Commerce.

Reports say that Google Cloud will use Coinbase Cloud Node to power its BigQuery crypto public datasets across multiple key blockchains, such as Ethereum, Bitcoin, and others. And when it comes to keeping track of its digital assets, Google uses Coinbase Prime as its broker and custodian.

Google Cloud and Coinbase are working on a pilot project to build Web3.
With the new pilot program, Web3 developers will be able to run Web3-based systems quickly and reliably without having to build expensive and complicated infrastructure. Brian Armstrong, co-founder and CEO of Coinbase, said of this new development, “We are excited that Google Cloud has chosen Coinbase to help bring Web3 to a new set of users and give developers powerful solutions.”

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He continued by saying, “Coinbase has invested over a decade developing market-leading products on top of blockchain technology. The company has more than 100 million verified users and 14,500 institutional clients. To assist us in carrying out our strategy of constructing a reliable bridge into the Web3 ecosystem, we could not have asked for a better partner to work with.”

Thomas Kurian, CEO of Google Cloud, said, “We want to make building in Web3 faster and easier, and this partnership with Coinbase helps developers get one step closer to that goal.” He also said, “We’re proud that Coinbase has chosen Google Cloud as its strategic cloud partner, and we’re ready to serve the thriving global Web3 customer and partner ecosystem.”

He also said, “Our main goal is to make it easy for all of our customers to use our scalability, reliability, security, and data services, so they can focus on coming up with new ideas in the Web3 space.”