Google announced that it has signed a new altcoin to allow its customers to create Bitcoin and Lightning node operators on Google Cloud.
Google is collaborating with this altcoin
In a recent announcement, Google Cloud announced that it will support the development of the Lightning Network, a protocol for sending money over the internet via Bitcoin. The tech giant is collaborating with payment method solution Voltage as a first step in this direction.
Voltage is a Lightning as a Service (LaaS) provider launching in 2020. Its mission is to provide organizations with a Lightning Network solution that handles real-time payments with near zero fees.
Voltage is now working with Google Cloud to expand hosting providers and locations. Through the collaboration, customers will be able to create Bitcoin and Lightning node operators on Google Cloud around the world. Customers will also be able to distribute their workloads globally through the two providers using Voltage and Google Cloud.
What does collaboration mean for users and customers?
According to the official announcement, the benefits that Voltage will provide to users by leveraging Google Cloud’s global network are as follows:
- Ability to serve a global audience in different regions with initial operations in Iowa, the Netherlands and Singapore
- Deployments in a leading cloud with superior availability and networking
- The ability to effortlessly run a Bitcoin infrastructure close to existing workloads
Google Cloud and cryptocurrencies
Google Cloud takes the lead in supporting cryptocurrencies like Bitcoin. In recent years it has demonstrated its commitment to this new technology. While helping crypto reach a global audience, it has also been a leader in cloud-native technologies like Kubernetes, which Voltage can use to easily scale its platform. In addition, Voltage can meet the complex requirements of enterprise adoption using Google Cloud.
About voltage
Voltage serves brands that are payments at the heart of their business, such as financial or fintech companies that need a solution to save money on transfer costs and cross-border payments, or create micropayment experiences for the web.
Google and altcoin partners
cryptocoin.com As we reported, Google Cloud collaborated with Tezos in February to offer Web3 technology to its customers. The partnership plans to make it easy for all Google Cloud customers to become Tezos network validators. Its validators are part of Tezos’ PoS mechanism that assists in the execution of the protocol and receives rewards. Google Cloud will also be a validator, joining existing bakers like gaming company Ubisoft.
Tezos is an open-source Blockchain with over 2.3 million accounts in a total of 158.6 million transactions. It has also partnered with major brands such as Manchester United, McLaren and Société Générale, among others. A hot development involved the partnership between Formula 1’s Red Bull Racing team and Sui (SUI).
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