Solana Shares Up 15% After Google Cloud Announcement

The Solana price is up 16 percent today. This is because Google Cloud has announced on Twitter that it has big news about a partnership with Solana.

Solana and Google Cloud

There has long been speculation that Solana would soon be partnering with Google Cloud. A new tweet posted by Google Cloud has sparked speculation. Google Cloud wrote a message on Twitter that may indicate a possible Solana-Google Cloud connection.

The above tweet was addressed to the Twitter account Antony Yakovenko and got over ten thousand likes in no time. The Solana founder also retweeted the post. Notably, Magic Eden, the Solana Beach-based NFT marketplace, has also responded to Google Cloud’s tweet.

No additional details have been shared about what the new partnership is all about, but crypto Twitter is speculating about a possible NFT partnership that may be supported by both organizations involved.

What we do know is that Google Cloud has announced how it “uses a block-producing Solana validator to join and validate the network.”

In addition, Google Cloud tweeted that it is currently collaborating with Solana to bring a blockchain node engine to the Solana chain next year so that the users can enjoy a hassle-free node hosting system.

In addition, Google Cloud will also help index Solana’s data to make it easier for developers to access legacy data.

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Google Cloud now accepts crypto payments

In addition to all the above updates, Google Cloud also stated that it will soon be accepting crypto payments through Coinbase Commerce.

In an announcement, the company wrote: “Today, Google Cloud and Coinbase announced a new long-term strategic partnership to better serve the growing Web3 ecosystem and its developers. The partnership means Coinbase selects Google Cloud as a strategic cloud provider to build advanced exchange and data services.”

Coinbase will use Google Cloud’s powerful computing platform to process blockchain data at scale and extend the global reach of its crypto services by leveraging Google’s premium fiber network. Coinbase will also build its global data platform on Google Cloud’s secure infrastructure and leverage their industry-leading data and analytics technologies to provide Coinbase customers with machine learning-driven crypto insights.

Under the said partnership, Google Cloud will allow selected users to purchase cloud storage on the platform using cryptocurrencies.

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