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BounceBit and Google Cloud: Collaboration for RWA Digitization

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by A1

13 hours ago

The BounceBit project, focused on Bitcoin restaking, is gaining momentum due to the significant growth of its token and a new partnership with Google Cloud.

BounceBit Token Growth

On December 24, the price of BounceBit (BB) rose above $0.43, despite a recent dip that saw it drop to $0.32. This occurred amidst Bitcoin's (BTC) price recovery to over $97,000, boosting BB's performance.

Partnership with Google Cloud

BounceBit announced a major partnership with Google Cloud aimed at digitizing real-world assets in Southeast Asia. Leveraging Google Cloud's architecture, BounceBit plans to strengthen its CeDeFi presence. Vertex AI technology will be key to enhancing the platform's performance.

Verifying transactions on our platform is very important, and incidents must be solved immediately. With Compute Engine, we've seen an improvement in response time by 50% not only for our chain, but also for the CeDeFi infrastructure.Jack Lu, co-founder of BounceBit

Future of BounceBit and CeDeFi

Despite a 33% increase in the past month, BB's current price remains more than 50% below its all-time high above $0.86 reached in June 2024.

The partnership with Google Cloud provides BounceBit with a strategic edge in asset digitization and bolstering its stance in the CeDeFi ecosystem.

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