Google Cloud furthers Bitcoin Lightning ambitions with Voltage partnership

Google Cloud is the current company to show interest in Bitcoin (BTC) Lightning. The $225-billion cloud and data service just recently partnered with Voltage, an infrastructure provider concentrating on the Bitcoin Lightning Network. The partnership will permit one of the worlds largest cloud computing providers to roll out Bitcoin-based services worldwide while helping the growth of Voltages operations. Graham Krizek, CEO of Voltage, told Cointelegraph:” Voltage is leveraging Google Cloud to go to service our clients more globally. We have bigger consumers that require nodes released in particular geographic regions like the U.K. or Asia.” Conversely, Google can use “Voltage as sort of their outsourced Bitcoin and lightning team.” He stated, ” We service that company for them of really, you understand, assisting companies that are interested in adding Bitcoin or Lightning into their services.” The statement received significant traction on social media and shows Googles growing understanding and acceptance of Bitcoin and Lightning. However most importantly, the ramifications of the collaboration run deeper.Christopher Calicott, handling director of equity capital company Tramwell Partners, told Cointelegraph, “We had some individuals that were former Googlers in backchannels [ …] saying this is the type of unexpected [social media] engagement that certainly gets peoples attention at Google.” Additionally, Googles unbiased method to Lightning diametrically opposes that of its competitor, Apple. Apple delisted Damus, the Lightning-friendly decentralized social media protocol, from the App Store just recently, showing an aversion to Lightning. Calicott described that the tech world could be heating up to Lightning:” There is a growing and broad-based corporate playing with Lightning in specific today. If theyre adjacent to payments, they would neglect Lightning at their peril.” Google Cloud operates under the umbrella of its moms and dad company, Alphabet. The payments platform Google Pay boasts hundreds of millions of users in more than 15 countries.Since 2020, the investment arm of Google, Google Ventures (GV), has actually revealed a robust interest in blockchain and Web3 companies, along with Bitcoin. GV participated in a $6-million seed round for Voltage in 2021. For Calicott, the interest of such a huge gamer in the crypto area could be a sign of growing momentum:” I dislike to over-index on any one specific corporation here, however just for me, like anything in life, when individuals put their money where their mouth is, it sends out a very strong signal of where theyre focusing.” Krizek agreed, “I think that this actually is a big signal into allowing more Bitcoin-focused methods amongst Google specifically, however also simply larger organizations.” Despite Apple striking off the Lightning-friendly app Damus– much to the irritation of the former Twitter CEO Jack Dorsey– Lightning continues to get traction amongst billion-dollar businesses worldwide. Among Mexicos largest business has actually begun experimenting with Lightning, while 2 significant crypto exchanges, Binance and Coinbase, recently promised Lightning integrations. Related: The worlds biggest Bitcoin conferences: Decentralize with CointelegraphNonetheless, its still early, and “weve got to observe this as it as it grows,” Calicott noted. Krizek, whos seen his reasonable share of Bitcoin ups and downs, having participated in the Bitcoin area given that 2012, highlighted why the collaboration is essential:” As we begin to expose these organizations more so into Bitcoin and what is possible with it by means of Lightning, I believe weve caught their attention currently with the quantity of interest and demand that weve had from this.” He included that more services should be rolled out in the near future, complemented by efforts in Bitcoin education. Magazine: Peter McCormacks Real Bedford Football Club puts Bitcoin on the map

Google Cloud is the latest business to show interest in Bitcoin (BTC) Lightning. He stated, ” We service that business for them of in fact, you understand, assisting companies that are interested in adding Bitcoin or Lightning into their services.” The statement got substantial traction on social media and shows Googles growing understanding and acceptance of Bitcoin and Lightning. Calicott described that the tech world could be warming up to Lightning:” There is a growing and broad-based business playing with Lightning in particular right now. Krizek, whos seen his fair share of Bitcoin downs and ups, having actually taken part in the Bitcoin area considering that 2012, highlighted why the collaboration is essential:” As we begin to expose these companies more so into Bitcoin and what is possible with it via Lightning, I believe weve captured their attention already with the quantity of interest and need that weve had from this.

Other Questions People Ask

What are the implications of Google Cloud's partnership with Voltage for Bitcoin Lightning?

The partnership between Google Cloud and Voltage signifies a major step forward for Bitcoin Lightning, allowing Google to offer Bitcoin-based services globally. This collaboration enables Voltage to expand its operations and better serve clients in specific geographic regions, such as the U.K. and Asia. As a result, both companies can leverage each other's strengths to enhance their offerings in the rapidly evolving cryptocurrency landscape.

How does Google Cloud's approach to Bitcoin Lightning differ from Apple's?

Google Cloud's approach to Bitcoin Lightning is notably more open and supportive compared to Apple's recent actions, such as delisting the Lightning-friendly app Damus from its App Store. This divergence highlights Google's willingness to engage with Bitcoin and Lightning technologies, which could attract businesses looking to integrate these solutions. In contrast, Apple's aversion to Lightning may limit its relevance in the growing crypto space.

What role does Voltage play in Google Cloud's Bitcoin Lightning strategy?

Voltage acts as an outsourced Bitcoin and Lightning team for Google Cloud, enabling the tech giant to offer specialized services without developing all the infrastructure in-house. This partnership allows Google to tap into Voltage's expertise in the Bitcoin Lightning Network, facilitating smoother integrations for businesses interested in adopting these technologies. As a result, Voltage can scale its operations while helping Google expand its cryptocurrency-related services.

What signals does Google Cloud's investment in Bitcoin and Lightning send to the tech industry?

Google Cloud's investment in Bitcoin and its partnership with Voltage send a strong signal of growing corporate interest in cryptocurrency and blockchain technologies. This engagement indicates that major players in the tech industry are recognizing the potential of Bitcoin Lightning for enhancing payment solutions. As more companies explore these opportunities, it could lead to broader adoption of cryptocurrency technologies across various sectors.

How might this partnership affect the future of Bitcoin services globally?

The collaboration between Google Cloud and Voltage is likely to accelerate the adoption of Bitcoin services on a global scale. By leveraging Google’s extensive infrastructure and Voltage’s expertise in the Lightning Network, businesses can more easily integrate Bitcoin into their operations. This could lead to increased demand for Bitcoin-based solutions, ultimately fostering a more robust ecosystem around cryptocurrency transactions worldwide.