Google Cloud Expands Bitcoin-Based Services, Partners With Voltage For Global Expansion

Key Points:

• Google Cloud partners with Voltage for global expansion of Bitcoin-based services, signaling growing interest in cryptocurrency.
• The collaboration aims to leverage Google Cloud’s resources and Voltage’s expertise in the Lightning Network to cater to customers’ Bitcoin integration needs worldwide.

The Bitcoin-Based services offered by Google Cloud are being expanded.

In a significant move, Google Cloud, the renowned cloud and data service provider valued at $225 billion, has joined the Bitcoin bandwagon by partnering with Voltage, an infrastructure provider specializing in the Bitcoin Lightning Network. This collaboration aims to expand Bitcoin-based services globally while supporting Voltage’s operational growth.

Through this partnership, Voltage will leverage Google Cloud’s vast resources to cater to its customers on a global scale. By deploying nodes in specific geographic regions, Voltage can meet the demands of larger customers seeking Bitcoin and Lightning integration, such as those in the U.K. or Asia.

The announcement of this collaboration has generated considerable attention on social media, signaling Google’s increasing interest and acceptance of Bitcoin and Lightning. This move sets Google apart from competitors like Apple, which recently removed a Lightning-friendly decentralized social media protocol from its App Store.

With Google Cloud‘s parent company Alphabet’s extensive reach, the collaboration strengthens the position of Lightning in the tech industry, particularly among payment services providers. Google Pay, with millions of users across over 15 countries, further bolsters the company’s influence in the digital payment space.

This partnership comes after Google Ventures (GV), the investment arm of Google, exhibited a strong interest in blockchain, Web3 companies, and Bitcoin. GV’s participation in a $6-million seed round for Voltage in 2021 reflects the growing momentum of cryptocurrencies.

While Lightning continues to gain traction worldwide, industry observers emphasize the need to monitor its growth. Notably, one of Mexico’s largest companies has started experimenting with Lightning, and major crypto exchanges like Binance and Coinbase have committed to integrating Lightning.

Voltage’s CEO, Graham Krizek, anticipates more services to be rolled out soon, accompanied by efforts in Bitcoin education. The partnership with Google Cloud is seen as a significant step forward, exposing organizations to the possibilities of Bitcoin and Lightning and capturing their attention amid the increasing interest and demand.

As the adoption of Bitcoin and Lightning progresses, it will be crucial to monitor the industry’s response and the evolving landscape of decentralized finance. The collaboration between Google Cloud and Voltage marks a notable milestone in the intersection of traditional cloud services and the burgeoning cryptocurrency market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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