While the market is just begun to explore Web 3.0, this industry is already showing tremendous potential, with many users requesting that we boost our support for crypto-related fields and technologies, he wrote in a recent letter to staff.
As per Zaveri, Google intends to provide back-end support for business clients that include access to distributed ledger technology. The firm, on the other hand, does not wish to “directly participate in the bitcoin wave.”
He stated that Google is working on a solution that will make building and running blockchain nodes for verifying and registering transactions more easier. The application, according to Savery, could be applied in third-party computing environments such as Amazon Web Services.
Let me inform you that Google recruited former PayPal CEO Arnold Goldberg to relaunch the payments division in January 2022. The move is part of the company’s larger aim of integrating with a variety of financial services, including those focusing on cryptocurrency.