In a bid to foster blockchain adoption, Google Cloud has formed a digital assets team that aims to accelerate customers efforts in the emerging blockchain and crypto spaces.
Yolande Piazza, Google Cloud’s VP Financial Services, announced on Thursday that the company has formed a Google Cloud digital assets team to help clients create, trade, store value, and launch new products on blockchain-based platforms. The following is from the blog:
Functions of the team
Hedera, Theta Labs, and Dapper Labs, for example, are blockchain and distributed-ledger-based solutions that have already adopted Google Cloud, according to the blog, and the Digital Assets Team will execute a variety of operations in the medium and long term.
Some of the operations the team will do include dedicated node hosting/remote procedure call (RPC) nodes for developers, node validation and on-chain governance with some partners, and supporting users and developers in hosting their nodes on the “cleanest cloud in the industry.”
The release also discloses that as the new team grows, it will look into ways to allow Google Cloud users to send and receive cryptocurrency payments.
This isn’t Google’s first excursion into the world of cryptocurrency. Google, the parent company of Google Cloud, has hired a PayPal veteran to help with the development of Google Pay as the company continues to look to the future and explore cryptocurrency.
In June, Google partnered with Coinbase to allow Coinbase clients to use Google Pay to pay for goods and services. Google and Bakkt partnered in October to allow Bakkt users to use Google Pay to spend their cryptocurrency.
