Google and Coinbase are planning for a strategic partnership, allowing select customers to pay for the cloud services using crypto from next year. By leveraging Google’s fiber-optic network, Coinbase will use Google Cloud’s compute platform to process blockchain data at scale to improve the global reach of its crypto services.
Coinbase will also build its global data platform on Google Cloud’s infrastructure and leverage their leading data and analytics technologies to provide Coinbase customers with machine learning-driven crypto insights.
Brian Armstrong, Co-founder and CEO of Coinbase, said, “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers. We could not ask for a better partner to help execute our vision of building a trusted bridge into the Web3 ecosystem.”
Blockchain developers will be able to use Google’s BigQuery crypto public datasets powered by Coinbase’s cloud nodes which aim to streamline the building process for decentralised applications (dApps). Meanwhile, Google will use Coinbase Prime for its institutional crypto services, such as custody and reporting.
Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Coinbase Commerce currently supports ten digital assets, including Bitcoin, Ether, Litecoin, Dogecoin, Bitcoin Cash, and others.
