Yesterday Google Cloud said it launched a dedicated digital assets team. Compared to last week’s news that Google Labs and Google Pay are exploring blockchain, the Google Cloud news is far less significant. That’s because it has been earning revenues from blockchain hosting for a couple of years through deals with Hedera, Dapper Labs’ Flow blockchain and video network Theta.
One piece of additional news is that Google is “exploring opportunities in the future to enable Google Cloud customers to make and receive payments using cryptocurrencies.”
Google staff will also participate in on-chain governance with certain partners. But they already do so with Hedera and perhaps others.
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