Bitcoin Forum

What Google, Amazon, Facebook and other giants are planning towards cryptocurrencies?

For sure these monsters are not just watching the crypto phenomenon, they are already tracking their altcoins/startups to play the game and have a big cut in this industry. It would be interesting to know what are those projects that are more juicy to them!

Perhaps Siacoin is one of the target projects?

As far as I can see it wouldn't make sense for them to invest in a random coin. Eventually, they will create their own cryptos/tokens and use them to pay for their services at a discount or as a reward/cashback structure in their business. Like loyalty points... and you can use them to get free stuff. :P

Though they are not admitting it, I think these giants are already in deep into the cryptocoins. They are all private companies and have diverse investment. How could they miss the crypto-economy.

its look interest if google / facebook / amazon will plan own cryptocurrency

These companies don't need someone to make a crypto for them.
They can easily make one themselves.
Imagine FBC (Facebook Coin) how much this would promote cryptocurrency, it would be unimaginable!

I think it would be devastating for traditional stockholders. Imagine Facebook would launch such a coin. I would indeed surge ver quickly questioning small stockholders if it is not better to invest in that coin than in traditional Facebook stock. A major shift would happen though.

I don't think it would be appealing if they make their own cryptocurrency as I suspect they would not give up control. Sure, they would be building their centralize stuff for payments, meh... already have paypal and others. In my opinion, It would be beneficial for them to partner with a blockchain project.

Indeed, making a 'decentralized' currency of their wouldn't help at all as most of the things surrounding the mentioned giants are centralized mediums. I can't imagine these big players partnering up with any sorts of blockchain projects as it would be bitter on their end to just jump into one, given that they set up their own rules and regulations around the partnered blockchain project to control over it instead of just being a partner.

 ;D think nothing.. heare someone told me google and amazon have a look in crypto but dont see any news

Before anything else from where this news came from or it was just a predictions that they will going to cryptocurrency?. It is not shocking event if happened as now the world is full of cryptocurrency and we taking to the beginning of crypto worldwide.
If Siacoin will be the main platform well its great for Siacoin.

them always be with profit and spread way .. so crypto now spread and profit .. so we will see them soon in this area .

among the 3, i doubt that Amazon has a great potential for getting into making their own cryptocurrencies for all the 3 companies, this Amazon is the one who are engage into consumerism like online store and deliveries and they have their own virtual assistant Alexa who collects data to users and consumers and offer them products for what they need for their daily lives, so cryptocurrency came in for their amazon to consumer payment ecosystem.Google and Facebook are mostly engaged into advertisement so i guess they are just supporters to cryptocurrencies or just an investment partner but i doubt that facebook money remittance service via messenger was an experimental for their cryptocurrency.

If this romour comes true , btc makes double  ;D

Google and facebook has users all over the world, If that would happen it would be great as it will pull many more to invest in cryptocurrencies but as of now there are no news for that.

The big tech giants will surely try to make their own blockchains (IBM allready have), but we the people will never take that seriously.
Imagine if facebook made a facbookCoin. Who really thinks that this can be decentralized? For sure there will be some kind of backdoor that will enable facebook to spy on us like they normally do.

The free currencies are still the real way forward, BITCOIN, LITECOIN, ETHEREUM, MONERO, SIACOIN, DEEPONION etc...

Where's my brain, I almost forgot. In about 2 years from now. These internet giants will not be the same anymore. We already have blockchain projects that can potentially replace them. People just need literacy on this and where good to go.

Where's my brain? I almost forgot. In about 2 years from now. These internet giants will not be the same anymore. We already have blockchain projects that can potentially replace them. People just need literacy on this and we're good to go.

amazon could make own cryptocurrency

Maybe Google, Amazon, and Facebook already play a role in crypto currency.
but if they make a crypto currency and publish it, I'm sure there will be a decline in the stock market, and they will not want that to happen

http://wabetainfo.com/whatsapp-beta-for-android-2-17-295-whats-new/

Not only amazon Google and Facebook also can do some big investments in this amazing cryptocurrency because after bitcoin hitting 4000$ all world is watching this and thinking to do some hope this could be game changer for this anonymous world and we have some big whales in near future with big amounts

Google backed ripple team

i dont think they will make their own cryptocurrency, blockchain aim to decentration, these giants are the biggest centration, how will they do the work against themselves

You got the point. These companies would never release a decentralized currency and payment system, they want their own method like Google wallet.

For the investment part, instead, they could have already invested large amount of money in Bitcoin or other cryptocoins as well. Just to make profit and diversify their portfolio.

I really don't think it's that big of a deal to them right now. In the future it might be but I think that just because of where we are and what we're focused on is where everything is cryptocurrency. There's a few groups on Facebook actually more than a few groups, but you have to know what you're looking for and go out there and purposely find them. The same things pretty much true for most of the social networks I've noticed.

I think these monsters will not jump directly, so many risk and can disrupt altcoin balance, maybe they just support it, like Alibaba that support hero tokens in south east asian market

They don't have to create a cryptocurrency or token to take part in this industry. I am sure that we will see companies like google and facebook is acquiring companies in this industry in a decade.

yeahh amazon can make project with e-commerce platform, I think it will interest more investors. because we know that amazon have big brand and big community

now on google so many good site sites what we make there must be and facebook so banya friend associated with bitcointalk.

google is a small backer of ripple.

I see no reason they would take any altcoin which unknown source code to them, chance their team going to just house coding themself.

Discovered a number of ex Google employees have entered the crypto space - the development team for WeTrust (TRST) includes a couple of guys who were deep in at Google. They are working towards a finance model for banking services to be used in the mainstream which utilises the ancient concept of the trusted circle for those without traditional banking access points.  I think the Indian, Chinese and Viet market will go crazy for this.  Think of “village banking”.  Reading between the lines I could speculate that the Dev team may have retained links and/or may even be working in league with the tech giant, Google, but there is no proof yet. I hesitate to even mention it.
 
I’m adding it to my Asian collection (NEO, Qtum, XEM and OMG)

not sure why these companies need a crypto currency when they're already public listed companies and have quite a valued public listed stocks.
It is possible they're already operating Blockchain technology, but more likely most would be within their private network run or backend for distributed computing.

Cryptocurrencies were about breaking down the borders, nations, and transfer value p2p, well its more than just that. But for these large companies, what problem will crypto solve for them?

I dont see any news about they want start own crypto or invest in exist coin.

Systematically if they will have a coin and an ICO some of the services might have a payment s in token or in bitcoins and i think there's no need for thatbecause in advertisements like on facebook ang messenger they can earn on it and by running their program and i think thats too much for them to earn .They must improve their security and uses.

they have no reason to make a cryptocurrency. They like their centralized control...

 ;D have google have interest on stellar.. amazon on hero token..

Sia coin can indeed be said to have a function that they can count on. Especially at this time the amount of data that should be stored in the media cloud drive so much. and any increase in digital technology impacts the larger the resulting file. does not rule out the possibility. They glanced at the coin.

Yes I think there would be conflict of interest if they choose to make their own coin because they already have stocks. What if their stockholders chose to shift their investments in coins and sell their stocks so stock price will go down which would be a disadvantage to them as well. Maybe they are already investing in crypto but it is not revealed to the public since being billionaires, they should protect their assets and one way is to diversify investments to reduce the risk and investing in bitcoin or other crypto that has potential is one of the ideal investment since its price is climbing year after year.

 ??? :P ::) those guys have enough money that dey don't need crypto to make more money, but for moving money around, i think crypto currency is the way forward.

It's quite hard to tell, who will be the first one to turn towards cryptocurrency because all three of them always try to push the boundaries of the technical progress even further. Seems quite rational to put a bet on Amazon to be the first one, who'll implant cryptocurrency into the retail system.

it looks like the third for the future will go into the world of cryptocurrency. and amazon will probably be the first to enter the world of cryptocurrency to get started. but for now facebook should be first because a lot of ico is promoted through social media facebook.

I think such “monsters” can easily make their own cryptocurrency themselves. Imagine Facebook or Amazon would lunch a crypto.  The world would be turned upset down.

I bet they're also thinking about the idea. They're already a big companies so maybe they're gonna try to enter cryptocurrency since it is in and yeah helpful in a way that will make them the biggest one.

What will be the use of cryptocurrency to them? Blockchain is more useful to them than currency. If they will use cryptocurrency, the most probable move is to openly accept crypto as means of payment. But with blockchain, there are endless possibilities they can use it with. And they can easily create one for themselves if they see the need for it.

microsoft already uses blockchain for their needs for facebook and google will follow, microsoft with blockchain https://azure.microsoft.com/en-us/solutions/blockchain/

Maybe the giants already working towards creating own coins.
But do you guys think they will start ICOs? Am I right, that owning a coin, in this case, is owning a tiny part of the company?

I think that they do have their own plans to develop the cryptocurrency world. Some of them may create their own cryptocurrency which can change the world forever. Who know. At the moment, there are not many information about their plans yet. WE have to wait for a few more year to know exactly what is happening inside the laboratory