Digital Assets: Google Cloud And Coinbase Partner On Web3

October 12, 2022 | Digital Assets, News
https://dailyalts.com/wp-content/uploads/2022/10/business-deal-g6750d590c_640-overlay.png

Web3 is the next generation of the internet that will allow people to own digital property within an open, decentralized environment.

“Over the next few years, we believe every company and developer will be building on Web3 — to the point where Web3 will become synonymous with the internet itself,” says Coinbase (NASDAQ: COIN) in a blog post announcing its Web3 partnership with Google Cloud.

The cloud and digital asset giants have come together to address the potential of Web3.

Coinbase: Google Cloud to accept cryptos

Google Cloud will soon accept payment for its cloud services in select cryptocurrencies from select customers in the Web3 ecosystem through Coinbase Commerce, a platform that helps merchants anywhere in the world accept cryptocurrency payments. The platform already supports companies such as Alo Yoga to Anheuser Busch and WeWork.

Web-3 infrastructure

Web3 developers will have access to Google Cloud’s blockchain data through BigQuery- and this offering will be powered by Coinbase Cloud’s Node service. The integration will allow developers to instantly and reliably operate Web3-based systems without the need for expensive and complex infrastructure.

Institutional crypto services

Google will use Coinbase Prime for institutional crypto services, like secure custody and reporting. Coinbase Prime already offers secure custody and an advanced trading platform to over 14,500 institutional investors and corporates including some of the largest traditional financial firms.

Coinbase selects Google Cloud as cloud provider

Coinbase will leverage Google’s premium fiber-optic network and its powerful compute platform for processing blockchain data and its crypto services. Google’s advanced exchange and data services will also support Coinbase’s global data platform.

Related Story: Institutional Crypto Clients To Connect Via BlackRock’s Aladdin Platform To Coinbase Prime

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/12/ezgif.com-gif-maker.gif
Venture Capital: Swedish Electric Self-Driving Truck Start-up Einride Lands $500M
December 8, 2022     ESG and Sustainability, News, Venture Capital

Einride, the Swedish electric self-driving truck start-up, announced a raise of $500 million comprising an equity-based $200 million Series C portion from investors including Northzone, EQT Ventures, Temasek, Swedish pension…

https://dailyalts.com/wp-content/uploads/2022/12/whatsapp-icon-g93b9d385e_640.jpg
FinTech: Brazil’s MercadoLibre To Process Business Payments On WhatsApp
December 8, 2022     FinTech, News

Pedro Arnt, CFO at Latin American e-commerce retailer and fintech firm MercadoLibre (NASDAQ: MELI) is in discussions with Meta (NASDAQ: META) to process payments in Brazil on the latter’s WhatsApp…

https://dailyalts.com/wp-content/uploads/2022/12/architecture-gc5023d3e5_640.jpg
Alternative Investments/Real Estate: Dimensional Launches Global Real Estate ETF
December 8, 2022     Alternative Investments, News, Real Estate

Dimensional Fund Advisors has added a real estate ETF to its ETF line-up. The Dimensional Global Real Estate ETF offers investors the opportunity to invest in a variety of US…

https://dailyalts.com/wp-content/uploads/2022/12/movie-projector-run-by-a-lunatic.jpg
Artificial Intelligence: Soon, A New York Festival For AI-Created Films
December 8, 2022     Artificial Intelligence, News

Runway ML, the company behind text-to-image AI system Stable Diffusion, is hosting a festival of short films made using AI. Films with a runtime of between one and 10 minutes…