Google Cloud has announced that it is working with the Hedra Hashgraph (HBAR) cryptocurrency. The HBAR coin has already reacted to this news and gained around 75% in just 30 minutes. The cryptocurrency community is very happy that big platforms like Google start using technology.
HBAR is not the first cryptocurrency that Google announced to work with. Last year Google announced that they are using Chainlink (LINK) cryptocurrency technology in their project, and the price of LINK token skyrocket after the news and the cryptocurrency noted more than 2000% returns since then.
Atul Mahamuni, SVP of Products for Hedera said that:
“We initially turned to Google Cloud for its ease of use, networking advantages and overall platform performance. The Google Cloud Platform was the perfect foundation to help us achieve our goals to bring enterprise-ready DLT adoption at scale.”
Hedra Hashgraph cryptocurrency is based on Distributed Ledger Technology (DLT) that will revolutionize the digital economics. DLT technology is secure and reduces the cost of sharing information and data like family photos to international money transfers.
“As we continue to evolve our infrastructure, we’re excited to expand our work with Google Cloud to now make DLT even more readily available for our community members, no matter their size or industry,” said Mahamuni. “This is about developing solutions that drive real business value.”
Google is becoming a member of the Hedra Governing Council, which ensures the stability and security of the Hedra Network. As a member of the council, Google will run a full node of HBAR and make the ledger data available for analytics alongside GCP’s other public DLT datasets, bolstering GCP’s position as the cloud provider of choice for DLT networks and decentralized applications.