The Internet continues to evolve, and many are calling this new stage of evolution Web3. While Web1 introduced the world to static web pages, and Web2 grew with social media and mobile devices, Web3 is based on the development of an innovation that has gotten a fair amount of buzz–blockchain.
Simply put, a blockchain is a database hosted by a number of distributed computers, or nodes. Each node in the blockchain is connected to every other node in such a way that changes to data in one node are automatically updated in every other node in the chain.
This means increased trust and transparency, which allows for such innovative digital products as supply chain tracking, health data protection, non-fungible tokens (NFTs), and cryptocurrencies.
Today, SADA announced that we have begun accepting payments in cryptocurrency. With this offering, we’re paving the way to improve access for companies who engage with blockchain ecosystems and transactions to transform their businesses through the power of Google Cloud.
Web3 ecosystems and digital asset organizations are rapidly gaining adoption in every industry. According to research from Market Research Future, the Web3 blockchain technology sector will be worth more than six trillion dollars in 2023, and Web3 will continue to grow at a CAGR of 44.6% from 2023 to 2030.
The digital asset and broader Web3 community continue to grow, and SADA is aligning its business for the economic future of digital payments. SADA is providing additional avenues for a wide use of Google Cloud services, offering customers the flexibility to pay in currencies within their treasury portfolio and garner benefits including increased security, traceability, and audibility of their payments. Accepting cryptocurrency as a form of payment will lower the burden on financial teams within the Web3 and digital assets community for cleaner and faster accounting.
“SADA began engaging with emerging Web3 and digital asset providers several years ago. As we’ve matured our approach and use new tools, platforms, and systems, this is the next step in SADA’s journey toward supporting and enabling our existing and emerging innovation community,” says David Carter, Director of Digital Assets at SADA. “By offering cryptocurrency as a form of payment, we’re able to better partner with a vast range of organizations that need to scale and decentralize their platforms. SADA’s experience in transformation will be critical as the Web3 digital asset landscape evolves.”
Web3 innovations will also be at the forefront of an upcoming event in New York City timed to coincide with the Google NEXT conference, October 11 at the Gansevoort Hotel from 11 a.m. to 6 p.m. Representatives from Blockdaeman, Tassat, MadHive, and SADA will share insights in a panel discussion, “Blockchain: Finding the Signal in the Noise.” Register here.
Contact us to start discussing how your business can take advantage of cryptocurrency payments today.