Buying Bitcoins with Gmail? | Bitcointalksearch.org

jamesgarfield

newbie

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Quote from: Ares on May 15, 2013, 09:28:09 PM

Google now allows you to attach money to an e-mail. Could this become a super-easy means of putting USD on an exchange?

Thread on the gmail feature: https://bitcointalksearch.org/topic/sending-money-over-gmail-google-has-unveiled-their-bitcoin-killer-206467

User who sparked the thought:

Quote from: Babylon on May 15, 2013, 04:02:36 PM

I wonder if I can fund bitcoin exchanges with google?

I saw their announcement video on youtube, and I thought the same thing. I just dont think its going to takeoff like Bitcoin.

BitcoinAuthor

newbie

Activity: 42

Merit: 0

Quote from: gogxmagog on May 15, 2013, 09:48:29 PM

what kind of fees will google users be looking at?
I cant imagine they'd offer this for free.

It could well be free. They'll do it for the data. In the same way they offer analytics for free.

jamesgarfield

newbie

Activity: 14

Merit: 0

Woah, this could potentially be extremly good for the Bitcoin economy!

Paul Troon

member

Activity: 64

Merit: 10

The 180 day thing is a killer, but they also say they can't do anything if you are sending money to friends/family.

That opens up the possibility of person-to-person funding with out charge backs. Throw in some escrow and this google payment thing might be better than traditional exchanges and allow convient p2p exchange of fiat to bitcoin and back. Check out bitcoin.de for an example of how a p2p exchange might work. The bitcoin-otc.com is a more establish example of a p2p exchange, but perhaps a bit less user friendly than bitcoin.de .

Anyway you slice it though, this is no more negative for Bitcoin than Paypal or Dwolla, and potentially very positive if they are serious about enabling peer transfers.

Sukrim

legendary

Activity: 2618

Merit: 1007

Similar to the CreditCard thread:
It might work, but only for people desperate enough that are willing to wait 181 days until they are actually allowed to trade their balance for BTC/other currencies. Even then it might be that Google just cancels/blocks your wallet because so many people try to defraud you or complain that they cannot access/use your service for half a year.

phelix

legendary

Activity: 1708

Merit: 1020

Quote

What is Google Wallet Purchase Protection?

Google Wallet Purchase Protection covers 100% of eligible unauthorized Google Wallet transactions reported within 180 days of purchase. If you would like to file a report about an unauthorized Google Wallet transaction, please contact us here.

/idea

bitbitcoins

full member

Activity: 238

Merit: 100

bitbitcoins.com

Premises to GoogleCoins ?

evilscoop

sr. member

Activity: 350

Merit: 250

Quote from: smoothie on May 15, 2013, 09:42:23 PM

I don't there is any advantages to this method over current existing transfer systems.

actually for those outside the US this could be a real help....
UK for example has real issues getting money to exchanges, requiring sepa transfers and risk of account closure.

Be nice to see exchanges allowing the reverse too......withdraw your fiat to gmail address

TheDarKnight

full member

Activity: 137

Merit: 100

Google and Bitcoin, in bed eating Doritos? I don't think so...I hope not, at least Embarrassed

Ares

full member

Activity: 238

Merit: 100

Quote from: smoothie on May 15, 2013, 09:42:23 PM

I don't there is any advantages to this method over current existing transfer systems.

Perhaps not, but we definitely should explore every facet of this to see if there is.

Xumux

jr. member

Activity: 33

Merit: 18

Quote

Google does also take a small cut from credit card payments – 2.9 percent per transaction, to be exact (with a minimum of $0.30). If you're paying from your bank account or directly from your Google Wallet balance, then you're off the hook. Receiving payments is free.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

what kind of fees will google users be looking at?
I cant imagine they'd offer this for free.

BTC Books

member

Activity: 84

Merit: 10

Quote from: smoothie on May 15, 2013, 09:42:23 PM

I don't there is any advantages to this method over current existing transfer systems.

Not in bitcoinland - you're right.

Outside of bitcoin though, Google could do some serious damage to PayPal and Dwolla. I'm sure everybody would be all broken up over that...

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

I don't there is any advantages to this method over current existing transfer systems.

BTC Books

member

Activity: 84

Merit: 10

It's nice to think so - especially since it looks like you can fund Google money anonymously, with a throwaway debit card.

But realistically? I doubt it.

The thing is, it won't be any different than PayPal. That is: reversible. What decent exchange will give you bitcoin for PayPal?

On the other hand, funding a Google money account anonymously from an exchange may be possible - so maybe we'll be able to get fiat out that way.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

tinfoilhat in me says "google in bed with HLS"
anarchist in me says "Hackers, man your battlestations"
gogle's adsense machine has proven very easy to exploit for fraudulent purposes, hopefully their wallet and google-pay will suffer similar blows. ofc, it is extremely difficult to find usable info on adsense click-fraud... they do control teh internets you know.

Ares

full member

Activity: 238

Merit: 100

Google now allows you to attach money to an e-mail. Could this become a super-easy means of putting USD on an exchange?

Thread on the gmail feature: https://bitcointalksearch.org/topic/sending-money-over-gmail-google-has-unveiled-their-bitcoin-killer-206467

User who sparked the thought:

Quote from: Babylon on May 15, 2013, 04:02:36 PM

I wonder if I can fund bitcoin exchanges with google?

Topic: Buying Bitcoins with Gmail? (Read 1660 times)