Partnership with Google Cloud propels EIGEN's prices up by 30%
In a significant move for the crypto industry, Google Cloud has unveiled its new Agent Payments Protocol (AP2), a standardised framework designed to establish trust and accountability in transactions. This innovation is expected to accelerate the practical use of agentic commerce and bolster confidence in the network.
At the forefront of this partnership is Sreeram Kannan, the founder of EigenCloud, a company renowned for its work in crypto-native cloud services and advanced blockchain data layers like EigenDA for Ethereum rollups. Kannan's role in developing these innovative technologies aligns perfectly with Google Cloud's vision for AP2.
The announcement that EigenCloud will be a launch partner for AP2 has sparked a surge in the price of the cryptocurrency EIGEN. The company's accountability measures are expected to ensure a secure and transparent environment for all participants in the network.
Sreeram Kannan believes that AP2 will help create a "global verifiable economy." He sees this partnership as a step towards realising his vision of a decentralised, trustworthy, and accountable economic system.
However, the introduction of AP2 is not without controversy. The Bank of England has proposed stablecoin caps, a move that has caused a stir within the crypto community. The cryptocurrency community is pushing back against this proposal, arguing that such regulations could hinder the growth and innovation of the industry.
Despite these challenges, the future of AP2 and its potential impact on the crypto industry remains promising. As the partnership between Google Cloud and EigenCloud moves forward, we can expect to see further developments in the realm of blockchain integration and cloud payment technologies.
