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Google is Gradually Endorsing Cryptocurrencies

Google, being the biggest internet company, has endorsed cryptocurrency by adding new features to Google’s web tool, currency converter. It may sound new to many investors, but the fact of the matter is that the web tool has been in existence for a while now. So, in order to expand its cryptocurrency business horizons, Google has incorporated the most favorite cryptocurrencies to this web tool.

Google’s crypto price web tool

If you wanted to find out the price of Bitcoin, one of the ways to do it was to simply search for the term Bitcoin in Google, and you’d be presented with the cryptocurrency’s current price, in USD. Google has made it a little bit easier for the user by endorsing cryptos as a currency and they added top crypto coins to its web tool currency converter. The cryptocurrencies added to the web tool include Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH). This means that by just going on to Google website, crypto enthusiasts can convert from the recently added virtual currencies to fiat currencies of their choice, especially the U.S. dollars. With this move, Google continues to be a one-stop shop for all web-based solutions, thus giving its platform’s users a reason not to switch to other platforms.

How does the currency converter work?

Now, all you need to do, to find out the prices of these cryptocurrencies is to search for the term in Google and you will get the currencies’ latest prices in any currency you want. By expanding its scope, more cryptocurrency traders will now bank on Google as the most dependable online tool for converting from digital currency to fiat currency.

Google currency converter

Indeed, many people have come to trust Google for effective decision-making. This latest addition brings it closer to the hearts of all Bitcoin, Bitcoin Cash, Litecoin and Ethereum traders and investors worldwide. Yes, these people can effortlessly check and find out the exchange rates of these cryptocurrencies online, on the go! You can now convert your currency in a split of a second from, Fiat to Crypto, Crypto to Fiat, or Crypto to Crypro.

As with almost everything in the world today, people are divided on opinion about Google’s latest move. Both sides took to Twitter to express their opinions. While some see it as a ‘bullish’ move, which will consequently result in cryptos being “everywhere in the world”, others are not so positive about it, saying this is a way for Google to track which cryptocurrencies, and in which amount, people are hodling.

Facebook’s ban on advertisements

Meanwhile, Facebook has finally fulfilled its promise, that it would unban crypto-related advertisements on its platform a month ago. Late last week, Coinbase, the popular US-based fiat-to-crypto exchange, and wallet service, CEO, and co-founder, Brian Armstrong, revealed that the company can once again advertise on the social media platform. Facebook has announced today that it would be reversing its cryptocurrency ad ban immediately. The company has decided to allow content from “pre-approved advisers” but not to allow ads promoting Initial Coin Offerings (ICOs) and binary options for trading. The ban was first enacted in January with the explanation that too many companies in the crypto space were scams but it looks like there is too much ad revenue to be ignored and Facebook wants to unban crypto ads.

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But this doesn’t mean all crypto-related stuff is in the clear. Facebook is still banning Initial Coin Offerings (ICOs) and binary option advertisements. ‘Legitimate companies’, however, can now advertise. Meanwhile, despite Google announced that it’s banning crypto-related ads starting June 2018, one can still find such ads on Google.

Muhmmad Furqan

Furqan is a financial markets expert. A regular trader of cryptocurrencies and hold some investments in Bitcoin, Stellar, IOTA and OST. Contributes with latest industry insights. Contact the editor at editor.opinions@blockpublisher.com

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