Key takeout
- Google is working with the Bitcoin industry to improve accessibility for mainstream users.
- It focuses on Bitcoin wallets and enhanced security in line with Web2 standards.
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According to Kyle Song, APAC Web3 Specialist at Google Cloud, Google is working on creating a Bitcoin wallet as a user-friendly Web2 app. His statement was first shared by a Korean crypto news site.
Song added that Google's vision is a future where users can log in to their Bitcoin wallets using their existing Google accounts. He said the goal is to make Bitcoin more accessible to mainstream users.
The launch of the Spot Bitcoin ETF in 2024 created an easier path for major web2 companies like Google to enter the Bitcoin industry, Song said. Tech Giant has been working with companies and developers in the Bitcoin sector since last year.
“We are looking for ways to lower the entry barrier so that Web2 users can use Bitcoin easily,” says Song.
Song addressed the technical challenge of bridging the gap between traditional finance and blockchain-based finance, and noted that Google is focusing on improving security.
“We are also studying solutions to address the issue of trust between chain and off-chain systems,” he said, and Google “using advanced encryption technologies such as Zero Aware Proof (ZKP). “We are particularly looking at ways to increase reliability.”
Google has integrated several well-known Web3 projects as part of its efforts to expand in areas such as Layer 1/Layer 2 solutions, Multi-Party Computing (MPC), and Data Indexing.
Last September, Google Cloud introduced a new Ethereum compatible blockchain remote procedure call (RPC) service designed to promote blockchain development for Web3 developers.
Layer 1 Blockchain SUI is partnering with Google Cloud through integrations facilitated by Zettablock. This collaboration will allow developers to access real-time blockchain data from SUI via Google Cloud's Pub/Sub Service, creating innovative applications across a wide range of industries.
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