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Browsers and cloud services have introduced encrypted currency elements, and Google's small moves to test Web3 continue

  • joy
  • 2022-10-12 15:59:36
  • 197 read
  Internet giant Google is moving closer to Web 3 .  On October 12 , some users found that by entering the Ethere...

  Internet giant Google is moving closer to Web .

  On October 12 some users found that by entering the Ethereum address in the Google search engine input box they could view the asset balance of the address The data used for this feature comes from the block explorer Etherscan, a website that provides data on the Ethereum blockchain. After actual measurement not every Ethereum address can be queried at present. Although this function is not perfect it has taken an important step .

  Another big news is that on October 11 , Google Cloud announced that some customers will start to use cryptocurrency to pay for cloud services in early 2023. This is also the first time the giant has applied the cryptocurrency payment function to its own services .

  Google Cloud Select is reportedly partnering with Coinbase to launch the feature. Google Cloud will begin accepting crypto payments from some customers through an integration with enterprise payment tool Coinbase Commerce, according to Google Cloud vice president and general manager Amit Zavery . Coinbase Commerce currently supports 10 cryptocurrencies , including mainstream currencies such as Bitcoin, Dogecoin, Ethereum, and Litecoin Zavery also added that over time, Google will allow more customers to pay with cryptocurrencies.

  The decision , announced at Google's Cloud Next conference, is an attempt to strengthen Google Cloud's competitiveness Google Cloud 's main rival does n't currently allow customers to pay with cryptocurrencies . The cloud business , which helps Google parent Alphabet diversify away from its advertising business, now accounts for 9% of Alphabet 's revenue, up from less than 6% three years ago.

  Shares of partner Coinbase jumped 8.4% in Tuesday's session following the announcement , wiping out previous losses even though the stock is still down more than 70% this year It is reported that Coinbase can receive service fees from each transaction While the details of Coinbase 's partnership with Google are unclear in return Coinbase's vice president of business development, Jim Migdal, has promised to use Google's cloud services .

  Since 2022 Google's focus on Web has continued to rise. In May, Google formed Web3 team, part of Google Cloud Services, to provide backend services for developers running blockchain applications. Google Cloud VP Amit Zavery told employees that the team's goal is to make Google Cloud Platform the first choice for developers in the Web 3 space.

  On the other hand , Google Ventures, Google's limelight division, is also making arrangements in advance. In March 2022, Google Venture participated in the seed round financing of Yuga labs, the parent company of Bored Ape NFT, with a valuation of US$4 billion. Earlier Google Ventures had invested in a number of startups in the cryptocurrency space, including Blockchain, Ripple, Buttercoin, LedgerX, and more.


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