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Title: Buying Bitcoins with Gmail? Post by: Ares on May 16, 2013, 02:28:09 AM 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://bitcointalk.org/index.php?topic=206467.0 User who sparked the thought: I wonder if I can fund bitcoin exchanges with google? Title: Re: Buying Bitcoins with Gmail? Post by: gogxmagog on May 16, 2013, 02:37:17 AM 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. Title: Re: Buying Bitcoins with Gmail? Post by: BTC Books on May 16, 2013, 02:41:14 AM 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. Title: Re: Buying Bitcoins with Gmail? Post by: smoothie on May 16, 2013, 02:42:23 AM I don't there is any advantages to this method over current existing transfer systems.
Title: Re: Buying Bitcoins with Gmail? Post by: BTC Books on May 16, 2013, 02:47:14 AM 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... Title: Re: Buying Bitcoins with Gmail? Post by: gogxmagog on May 16, 2013, 02:48:29 AM what kind of fees will google users be looking at?
I cant imagine they'd offer this for free. Title: Re: Buying Bitcoins with Gmail? Post by: Xumux on May 16, 2013, 02:53:51 AM 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. Title: Re: Buying Bitcoins with Gmail? Post by: Ares on May 16, 2013, 03:04:33 AM 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.Title: Re: Buying Bitcoins with Gmail? Post by: TheDarKnight on May 16, 2013, 05:01:39 AM Google and Bitcoin, in bed eating Doritos? I don't think so...I hope not, at least :-[
Title: Re: Buying Bitcoins with Gmail? Post by: evilscoop on May 16, 2013, 07:50:05 AM 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 Title: Re: Buying Bitcoins with Gmail? Post by: bitbitcoins on May 16, 2013, 08:16:15 AM Premises to GoogleCoins ?
Title: Re: Buying Bitcoins with Gmail? Post by: phelix on May 16, 2013, 11:29:57 AM 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. Title: Re: Buying Bitcoins with Gmail? Post by: Sukrim on May 16, 2013, 11:34:10 AM 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. Title: Re: Buying Bitcoins with Gmail? Post by: Paul Troon on May 16, 2013, 11:11:05 PM 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. Title: Re: Buying Bitcoins with Gmail? Post by: jamesgarfield on May 16, 2013, 11:55:27 PM Woah, this could potentially be extremly good for the Bitcoin economy!
Title: Re: Buying Bitcoins with Gmail? Post by: BitcoinAuthor on May 17, 2013, 12:07:54 AM 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. Title: Re: Buying Bitcoins with Gmail? Post by: jamesgarfield on May 17, 2013, 12:13:56 AM 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://bitcointalk.org/index.php?topic=206467.0 User who sparked the thought: 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. |