Google and Facebook go back on their position towards cryptocurrencies; Bitcoin,

[Dmitry.Vastov]

Is this something we should rejoice over and how will these impact in Crypo Space?




Facebook allows Coinbase to advertize in the social network.
Google includes major coins in the exchange rate converter.
The largest global social network white listed Coinbase from its advertizing ban for cryptocurrency and ICO related companies. The news popped up on Saturday when CEO of the US-based crypto exchange Brian Armstrong posted a tweet with attached Coinbase ad in Facebook:

"Facebook banned ads for crypto earlier this year. Proud to say we've now been white listed and are back introducing more people to an open financial system."

The community cheered the news while the post gathered over 160 comments.

Meanwhile, Google also seems to have warmed up towards digital assets and added Bitcoin, Bitcoin Cash, Ethereum and Litecoin to its online currency exchange converter. If a user searches Google for these coins, the system automatically displays their exchange rates for these coins in user's local currency.

It is worth noting that Google's rates differ from CoinMarketCap data, while the source of quotes is not readily available.

Earlier we reported that Google's co-founder Sergey Brin confessed that he had been mining Ethereum together with his ten-year-old son.

All major cryptocurrencies have started the week in a green zone. Bitcoin is one of the growth leader: the coin gained 4% on a daily basis and jumped above $7,700 handle. Ethereum climbed 1% higher to $467, while XRP settled at $0.4592, 2% higher on a daily basis. Bitcoin Cash is changing hands at $827, up5.5%.

I think you all should know that Facebook, Twitter and Snapchat and other social networking sites has banned the crypto ads on their sites and they are now demotivating the people from not to use bitcoin but what comes in return is that the decrease in the shares of Facebook by 5% and it feels like very happy that there are more bitcoin lovers than the bitcoin haters and it is the thing to proud upon that I am the part of population who are in favour of bitcoin.

[Otsu]

 This could possibly make the crypto coins be back at it's position where most of the people in social medias are likely to engaged with this currency. Because as I have observed, when Facebook and Google banned bitcoins, the price of it started to decreased and hits at even below 6k USD. Maybe this time it can bounced back again and possibly increased even more.

[JeBro]

Google and Facebook lost a lot of money, refusing advertising crypto currency. The situation was aggravated when Facebook shares fell in price.The FB management needs additional sources of income now. Therefore, they are interested in the crypto-currency market. I think, with the development of KYC technologies, the number of crypto-currency projects advertised in Facebook and Google will increase.

[alex_gr_cc]

All the prohibitions of Google and Facebook are temporary. Moreover, the ban was extended only to certain countries. These companies have a positive attitude to the cryptocurrency market. In each of these companies there are departments that are engaged in the development of blockchain technologies.

[cizatext]

Well to some point this is a great news, but at that Google and Facebook has little to impact on bitcoin and the cryptocurrency entirely. Bitcoin most especially have being doing great even with all the crisis it face in this year but the market as at this moment is in green zone which is a perfect indication that no one have any monopoly over cryptocurrency.

[perla]

Facebook is the most popular social networking site and google is the most used search engine. Now this tow platform has become positive about cryptocurrebcy. This is a great news for the whole community.      

In past they ban crypto ads because of ICOs that a lot and can cause bad problem for people (CMIIW). Ane if they found that ICOs already controlled now, i think that is what make them open it again.

[ATM9807]

This is a good news, i believe bitcoin and others will moon soon. Facebook and Google does not rule the world but they are very important when it come to advert.

[ChristinBenly]

I guess no intention of deleting their previous restrictions on related posts on Facebook and Google Crypto. In my opinion, Facebook and Google will accept bitcoin for their improvement. To maintain the trend, social media must accept this currency. People say they are not important, I would say that they may have more impact than TV or media these days. Still for new coins or projects, it is a good means to reach out to potential investors. Big tech corporations have backed the encryption market again for life.

[Jating]

I guess no intention of deleting their previous restrictions on related posts on Facebook and Google Crypto. In my opinion, Facebook and Google will accept bitcoin for their improvement. To maintain the trend, social media must accept this currency. People say they are not important, I would say that they may have more impact than TV or media these days. Still for new coins or projects, it is a good means to reach out to potential investors. Big tech corporations have backed the encryption market again for life.

Sorry but i have to disagree. Facebook and Google won't accept bitcoin or any other cryptocurrency because its too volatile. What they are trying to do though, is take advantage of crypto by allowing adverts on their platforms. So it will look that they are friendly to crypto but just to take a pie of this billion dollar industry.

This is a good news, i believe bitcoin and others will moon soon. Facebook and Google does not rule the world but they are very important when it come to advert.

Sorry but this kind of news won't bring crypto on the recovery phase and will not go to the moon. Of course there are a lot of social media that we can use to target potential investors but those 2 are giants so it really makes sense for marketers to used their platforms for adverts.

[waldo13]

"Facebook says nearly 50m users compromised in huge security breach" - the article in "The Guardian". Best thing you can do is delete Facebook.

[hiVe]

I totally agree with you that FB and GG have spent more time to take care crypto world. However, I dont think it is enough for Crypto development. the market situation now is the proof. All of coins price have reduced too much.

[kerjakuat]

Atlast they cannot say no to the money. With all the lost of money they can be made I dont think they wanna lose a train to gain profit from cryptocurrency. Im hope after this they will made their own coin. I've heard they want to make their own coin.this time I hope it will be a reality cause it sure will be a big hit.