In an update, Google Cloud inked a partnership agreement with El Salvador to digitize the economy. The report revealed that Google would soon establish an office in a crypto-friendly country. After the opening of the Google El Salvador office, the giant tech company will offer Google Distributed Cloud (GDC) services.
Google Cloud Expands to El Salvador
Under the partnership agreement, the two partners plan to digitize the El Salvador public services, including government services, healthcare, and education. The proposed GDC will support data sharing and the development of critical infrastructure across different data centers in El Salvador.
Addressing the local newsroom, the president of El Salvador, Nayib Bukele, stated that the strategic partnership positions the country as a hub for innovation. The pro-crypto president believes that tech development and establishing foreign investment fosters economic growth.
President Bukele was delighted to announce the partnership with Google on his social media account. The President attached a smiley face emoji immediately after the post to demonstrate his willingness to work with Google.
In his address, the president stated that El Salvador’s partnership with Google will take seven years. However, guided by the existing partnership law in the region, the agreement will undergo full legislative approval.
A review of the partnership agreement illustrated that the two will focus more on digitizing government core businesses and processes such as licensing, invoicing, and others.
Benefits of Cloud Computing
Surprisingly, the expansion of Google Cloud to El Salvador marks a significant step in improving the use case of cloud computing technology. The partnership ranks as the first Google Cloud established in Latin America.
A report from the chief executive of Google Cloud, Thomas Kurian, demonstrated that adopting cloud computing has enormous potential to transform the economic landscape of Latin America. The CEO admitted that cloud computing has experienced wide adoption in industries and businesses worldwide.
The executive affirmed that cloud computing has enabled businesses in their early growth stage and public agencies to utilize the software maturely. Also, individuals and entities have gained a growing interest in sustainable computing technology.
As El Salvador seeks to establish itself as a leading crypto hub, the partnership with Google will support the country to attain the mainstream adoption of Bitcoin. Under the GDC project, the program will focus more on increasing the adoption of Bitcoin and improving the use case. The GDC offers support to the Bitcoin full nodes with Ordinal protocols.
Mainstream Adoption of Bitcoin
Besides the ongoing push towards Bitcoin adoption, the crypto-friendly country has invested in improving the attractiveness of the digital space. Earlier this month, the Salvadorian authority approved Binance license to allow the crypto exchange to operate as a regulated entity.
Afterward, the Bitcoiners project dubbed Bitcoin Beach initiative equipped over 25000 students with crypto fundamentals and principles. After completing the training, the initiative liaises with government learning institutions to issue students certificates in Bitcoin education.
In May, the El Salvador authority revealed plans to establish the largest mining facility in the region. The government partnership with Volcano Energy will support establishing a 241 megawatts renewable energy-powered Bitcoin mining site.
The country led by President Bukele has placed high hopes on Bitcoin since it has significantly improved financial inclusivity, foreign investment, and employment creation.
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