With crypto adoption rising around different industries and countries, search engine giant, Google, has revealed that it is building a team whose main focus would be to build services that would be used by blockchain application developers, according to a report from CNBC.
Google Cloud’s Vice President, Amit Zavery, told his team that the aim of the new services would be to build a platform that would be the first choice of developers in the field.
In his words,
While the world is still early in its embrace of Web3, it is a market that is already demonstrating tremendous potential with many customers asking us to increase our support for Web3 and Crypto-related technologies.
He continued that Google Cloud’s next focus should be on how it could build a system that eases access to blockchain and also build services that simplify running and building nodes for blockchain-based transactions.
Interestingly, Alphabet CEO, Sundar Pichai, had hinted that the Google Cloud unit could be how the firm will be able to compete in the burgeoning space.
Then, the CEO had said that the
Cloud team is looking at how they can support our customers’ needs in building, transacting, storing value and deploying new products on blockchain-based platforms.
Google’s Crypto Stance
The tech giant previously had a negative outlook towards the crypto industry as it wouldn’t allow crypto ads on its platform. However, in June last year, Google revealed that it was reviewing the policy and it would begin to allow
“Advertisers offering cryptocurrency exchanges and wallets targeting the United States may advertise those products and services when they meet the following requirements and are certified by Google.”
Early this year, Google Cloud’s unit also revealed that it was planning a team to work with its customers based on the demands for crypto. According to the firm, it was looking at how its customers could make payments using crypto.
One of our reports also stated that the tech firm was paying attention to crypto.