Google Opens The Door To Mass Cryptocurrency Adoption - page 3.

rexxarofmoknathal

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Quote from: 2double0 on August 23, 2020, 11:41:15 AM

Does that mean Google will start allowing Google Pay to also be used as a method to directly sell our fiat to buy crypto inside it? Will Google turn Google Pay into half-crypto or create a new wallet where we will be able to buy crypto without any intermediary fees because of its wallet being used directly?

These at the moment are probably early but good questions to ask. What I think is the highlight is that Google is now investing more time and resources into crypto and this is great for adoption.

Having such a big player on 'our side' will surely lead to many feeling the pressure leading to others joining the crypto sphere due to fear of losing out which in turn will help with building the infrastructure we need for lower fees, some regulations and faster transaction speeds.

hugeblack

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Quote from: Paulinerims on August 23, 2020, 10:31:33 AM

So..alongside other big-name companies, Alphabet (Google) is a major acquisition to the sphere.

Do not believe all the news that you find on the Internet, most of it is incorrect, misleading or contains false information.
One of the most famous inaccuracies is not to distinguish between cryptocurrencies and Blockchain.
A lot of people believe that any adoption of blockchain means more price increases for using Bitcoin and Altcoins.

Google will not support or adopt cryptocurrency unless there is regulatory clarity about them, and therefore all the news that you currently hear is wrong.

danherbias07

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Quote from: NotATether on August 23, 2020, 11:49:47 AM

Quote from: 2double0 on August 23, 2020, 11:41:15 AM

Does that mean Google will start allowing Google Pay to also be used as a method to directly sell our fiat to buy crypto inside it? Will Google turn Google Pay into half-crypto or create a new wallet where we will be able to buy crypto without any intermediary fees because of its wallet being used directly?

No they're not going to implement a wallet inside Google Pay, they will use the existing Google Pay service to allow you to purchase crypto to your exchange wallet using the money on the attached credit card.

Sounds like the middleman of "the middleman".
The hell is that.
We are trying to escape the fees from middleman and yet they want to be one. Grin

Obviously it is a project for their own profit.
Not a single thing even tells that it is for the ease of the people who want to use it.
I doubt this will boom in this kind of industry even with a popular name.

NotATether

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Quote from: 2double0 on August 23, 2020, 11:41:15 AM

Does that mean Google will start allowing Google Pay to also be used as a method to directly sell our fiat to buy crypto inside it? Will Google turn Google Pay into half-crypto or create a new wallet where we will be able to buy crypto without any intermediary fees because of its wallet being used directly?

No they're not going to implement a wallet inside Google Pay, they will use the existing Google Pay service to allow you to purchase crypto to your exchange wallet using the money on the attached credit card.

2double0

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Does that mean Google will start allowing Google Pay to also be used as a method to directly sell our fiat to buy crypto inside it? Will Google turn Google Pay into half-crypto or create a new wallet where we will be able to buy crypto without any intermediary fees because of its wallet being used directly?

Paulinerims

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Quote from: Jawhead999 on August 23, 2020, 10:55:40 AM

Its better if Google fix their system to filter scam/phishing sites and remove scam/malware app on google play first. While they announce this will get massive adoption on cryptocurrency (especially NWC token), they also make newcomers will get scammed after fall to phishing sites.

I wonder why google want to use NWC token besides BTC or ETH? Or google hate BTC and ETH Huh

I don't think you understand the article correctly. Google will never use NWC token. I'm not sure they even using btc or eth.

They are just allowing people to buy the token through their payment getaway Google Pay (they probably get a fee from it, that's why its in their interest) and for the project they allow a easy 1 click payment options to sell their coins. Looking at NWC chart it has its benefits.

MarzoB

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I think this is great news and many projects will follow these first adoprers lead as crypto is becoming more and more mainstream. I also think that google is careful enough not to incorporate scam projects into this option, because they would lose too much credibility, if they did.

Jawhead999

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Its better if Google fix their system to filter scam/phishing sites and remove scam/malware app on google play first. While they announce this will get massive adoption on cryptocurrency (especially NWC token), they also make newcomers will get scammed after fall to phishing sites.

I wonder why google want to use NWC token besides BTC or ETH? Or google hate BTC and ETH Huh

Paulinerims

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Hey all. Was digging into some crypto adoption process in the past days and just came upon this article.

Google Opens The Door To Mass Cryptocurrency Adoption

So..alongside other big-name companies, Alphabet (Google) is a major acquisition to the sphere.

Quoting; "as a result of rapidly increasing demand for cryptocurrencies among retail investors, the need for trustworthy, well-recognized fiat on-ramps that make investment both safe and simple has become a major focus point for blockchain companies looking to make their services and products more accessible. Likewise, Google has stepped in to meet this demand by now allowing crypto firms to offer Google Pay as a payment method."

Big crypto brands already with a Google Pay cooperation are Paxful, Coinbase, and Newscrypto, with the last being the first platform to offer direct cryptocurrency purchases using Google Pay for their native (NWC) token, that is on a big run recently because of it.

Just showing how working towards mass adoption will be helpful for the projects yet to come.

Article link: https://www.benzinga.com/markets/cryptocurrency/20/08/17160547/google-opens-the-door-to-mass-cryptocurrency-adoption

Give me your thoughts.

Topic: Google Opens The Door To Mass Cryptocurrency Adoption - page 3. (Read 518 times)