Google doesnt exactly say No to bitcoins as payout option for Google Checkout

Gestas

newbie

Activity: 54

Merit: 0

Quote from: Peter Lambert on February 14, 2013, 12:20:04 PM

Quote from: Gestas on February 14, 2013, 08:11:15 AM

Ugh, of course Google would adopt another fiat based currency like Bitcoin (Bitcoins value is inherently tied to the USD). When are we going to have a currency with real value?

This makes no sense. Have you seen how the USD/BTC exchange rate has changed over the past couple months? Clearly they are not inherently tied together!

Speculative bubble, that kind of growth isnt sustainable. Sell sell sell!

Transisto

donator

Activity: 1731

Merit: 1008

Newsbreak : Google to introduce payouts using Bitcoin in "may"

Seriously : Good try, Their reply is very polite yet uninformative.

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

Quote from: Gestas on February 14, 2013, 08:11:15 AM

Ugh, of course Google would adopt another fiat based currency like Bitcoin (Bitcoins value is inherently tied to the USD). When are we going to have a currency with real value?

This makes no sense. Have you seen how the USD/BTC exchange rate has changed over the past couple months? Clearly they are not inherently tied together!

grondilu

legendary

Activity: 1288

Merit: 1076

Quote from: Anth0n on February 14, 2013, 06:56:09 AM

But with services like BitPay, Google can accept Bitcoin with 0 liability.

Instead of using BitPay, I'm pretty sure they'd rather copy them and offer a similar service if it appears to them that BitPay is totally safe juridically.

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: Anth0n on February 14, 2013, 06:56:09 AM

Eric Schmidt of Google thinks positively of Bitcoin already, and already mentioned that Google scrapped an idea to create their own peer-to-peer currency exchange system due to legal liability. Source (scroll to bottom): http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

But with services like BitPay, Google can accept Bitcoin with 0 liability.

And it would be a really nice way to counterbalance the newly released Ama-coins. Google would save itself the aggravation of having to design a currency (though Ama-coins are really a gift card), and the possibility of it getting hacked the minute it hits the internet.

stevegee58

legendary

Activity: 916

Merit: 1003

Quote from: evoorhees on February 13, 2013, 05:09:35 PM

With that said, I doubt any large company will touch Bitcoin until some legal precedent is set. Once set, they'll jump in quickly.

Or run away quickly, depending on the legal precedent.

Gestas

newbie

Activity: 54

Merit: 0

Ugh, of course Google would adopt another fiat based currency like Bitcoin (Bitcoins value is inherently tied to the USD). When are we going to have a currency with real value?

Anth0n

full member

Activity: 144

Merit: 101

Eric Schmidt of Google thinks positively of Bitcoin already, and already mentioned that Google scrapped an idea to create their own peer-to-peer currency exchange system due to legal liability. Source (scroll to bottom): http://money.cnn.com/2012/02/28/technology/google_future_of_internet/index.htm

But with services like BitPay, Google can accept Bitcoin with 0 liability.

Luno

sr. member

Activity: 504

Merit: 250

Google would not tell anybody in advance if they were researching bitcoin, unless they are sure the exchange rate can take the news. I.e. stiffer price resistance through widespread use, so a kid with 250.000 BTC can't send it on a month long correction.

sublime5447

legendary

Activity: 966

Merit: 1000

I added google check out as a payment option for my customers. Google will consider all evidence that you provide in the case of disputes unlike PP.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Google must be very very very sure about EVERYTHING before accepting bitcoins, they are a huge company

FreeMoney

legendary

Activity: 1246

Merit: 1015

Strength in numbers

Quote from: CurbsideProphet on February 13, 2013, 05:29:04 PM

Quote from: ?? on ??

It is a good response but sounds kinda canned to any feature or service request.

I agree, sounds very cookie cutter. I would suggest sending a follow-up request but substitute Bitcoin with LTC or conch shells or anything and see if you get a similar response. Nice job on being proactive though.

Ask if they'll take Amazon Coins.

grondilu

legendary

Activity: 1288

Merit: 1076

We know Eric Schmidt knows about bitcoin and likes the idea. I suspect their concerns are juridic.

n8rwJeTt8TrrLKPa55eU

hero member

Activity: 588

Merit: 500

Quote from: cottoneyeJoe on February 13, 2013, 05:01:49 PM

On a whim and in the tradition of trying to keep the pressure on the established players to support bitcoin, I asked Google Checkout when they would support bitcoin for seller payouts.

Joe, how much time elapsed between the time you sent your message and the time you received a reply?

A longer time of several days, might indicate a non-boilerplate answer requiring some consultation upstairs.

Whereas 24hs or less, probably implies a canned response.

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

It's a boiler-plate response.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: ?? on ??

It is a good response but sounds kinda canned to any feature or service request.

I agree, sounds very cookie cutter. I would suggest sending a follow-up request but substitute Bitcoin with LTC or conch shells or anything and see if you get a similar response. Nice job on being proactive though.

FreeMoney

legendary

Activity: 1246

Merit: 1015

Strength in numbers

Quote from: evoorhees on February 13, 2013, 05:09:35 PM

I'd say that's a perfect response =)

As long as they know Bitcoin is growing and customers increasingly ask for it, they will give it serious consideration.

With that said, I doubt any large company will touch Bitcoin until some legal precedent is set. Once set, they'll jump in quickly.

Um, what about Satoshi Dice and Wordpress? Those are both fairly large. Tongue

evoorhees

legendary

Activity: 1008

Merit: 1021

Democracy is the original 51% attack

I'd say that's a perfect response =)

As long as they know Bitcoin is growing and customers increasingly ask for it, they will give it serious consideration.

With that said, I doubt any large company will touch Bitcoin until some legal precedent is set. Once set, they'll jump in quickly.

cottoneyeJoe

member

Activity: 91

Merit: 10

On a whim and in the tradition of trying to keep the pressure on the established players to support bitcoin, I asked Google Checkout when they would support bitcoin for seller payouts.

The response wasnt yes, but neither was it a "no way". I was pleasantly surprised at the "maybe someday". So...we may be beyond the phase where "they ignore you".

----------------------------------
[email protected]
12:53 PM (1 minute ago)

to me

Hello XXXXX,
Google Checkout currently doesn’t provide payouts using Bitcoin, though we may introduce this feature in the future. We’ll take your feedback into account as we move forward with product development.
We always welcome suggestions for how we can improve Google Checkout, so please continue to send us your comments in the future.

Sincerely,
Arthur
The Google Checkout Team

Topic: Google doesnt exactly say No to bitcoins as payout option for Google Checkout (Read 2093 times)