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Muhammad ayyan
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February 14, 2020, 10:59:35 AM
 #1

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?
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February 14, 2020, 11:06:24 AM
 #2

Google already has its own currency
It is called Google Pay, Google Play Credits...

It is not a cryptocurrency , neither uses blockchain tech or whatever. It is like a PayPal

http://Https://pay.Google.com

Bitcoin has a different proposal

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February 14, 2020, 11:23:16 AM
 #3

Google already has its own currency
It is called Google Pay, Google Play Credits...

It is not a cryptocurrency , neither uses blockchain tech or whatever. It is like a PayPal

http://Https://pay.Google.com

Bitcoin has a different proposal

It is not really a currency actually. It is a payment method or something like that. The author is asking what if it will have its own currency like bitcoin.

We all know that Google can do that(having their own cryptocurrency), knowing how famous it is and obviously successful nowadays. So if ever they will have, I am sure that will be a successful one, and I think many users will switch to it.

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February 14, 2020, 11:30:28 AM
 #4

google will never touch that area i think about this decade, since it will get attention like LIBRA which brought by Facebook but get stalled since US as nation asking what purpose they have when building this project. Such a thing can happen too with google if they tried to build the same project. That's why my guess they didn't take this cryptocurrency as their next roadmap as far as i see at this decade.

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February 14, 2020, 11:35:05 AM
 #5

In terms of market cap, daily transactions, usability etc it would beat Bitcoin easily.

However, privacy is the key point of the currency. If it's centralized and has privacy issues, Bitcoin can't be beaten. And I don't think a currency created by Google would offer us the same freedom Bitcoin offers. It's Google, after all. But the project might fail as well as Facebook's Libra did.


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February 14, 2020, 11:47:17 AM
 #6

google will never touch that area i think about this decade, since it will get attention like LIBRA which brought by Facebook but get stalled since US as nation asking what purpose they have when building this project. Such a thing can happen too with google if they tried to build the same project. That's why my guess they didn't take this cryptocurrency as their next roadmap as far as i see at this decade.

We all know that the one of the fastest-growing currency today is with the use of cryptocurrency and now many people make investment on it and tries to make more money with the use of crypto and we all know that some of the largest company today support with the use of crypto like the Microsoft and more they are now supporting the bitcoin and also they release a bitcoin miner to their platform too. For now, I think Google does not support the other coin today because with the partnership to Facebook they are now releasing their very own coin and that is Libra and uses now to make improvement and use in the future as cryptocurrency payment.

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February 14, 2020, 12:07:40 PM
 #7

Laws would prevent Google creating their own cryptocurrency, Libra which created by Facebook already faces many laws problem.
Even if there's no problem with laws, Google will create cryptocurrency which is completely different from Bitcoin and have different audience target.

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February 14, 2020, 12:09:33 PM
 #8

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?

They could create some altcoin/token,but I don't see any benefit for them going this.
Google currently accepts debit/credit card payments,which is more than enough for them.
They could compete with Facebook's Libra project,but Libra is a dead project from the beginning and the US government+FED won't allow Libra to be launched.At this point,creating a "googlecoin" would be totally pointless for Larry Page and Sergey Brin.
Will a Google cryptocurrency beat bitcoin?Well,I guess it might beat ethereum and ripple,but I'm not sure about Bitcoin.

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February 14, 2020, 12:10:58 PM
 #9

google will never touch that area i think about this decade, since it will get attention like LIBRA which brought by Facebook but get stalled since US as nation asking what purpose they have when building this project. Such a thing can happen too with google if they tried to build the same project. That's why my guess they didn't take this cryptocurrency as their next roadmap as far as i see at this decade.


"....it will get attention like LIBRA which brought by Facebook..... "

@Ethereums, google will never wait his time focusing on a niche outside it's own nichemarket because it will require a huge lot of capital,human effort and time constrain from their end. I know they've made previous mistake in the past by launching a competitive social media network  (google plus) against fb today, what is happening google plus?

In regard's to uncle FB, he and his team seems to be jack of all trade that jack to any direction.
For now, everything seems promising but, let's watch out. What has social media (facebook) got to do with a virtual currency(libra)

Or what is the connection b/w people who choose to socialize and people who prefer's be anonymous by using virtual currency.

Maybe, i'm the only person who seems to get this wrong.



Thanks
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February 14, 2020, 12:16:40 PM
 #10

It will not surprise me if one day google will release its very own cryptocurrency but surely it will not be enough to beat bitcoin in terms of dominance and price in today's cryptocurrency market, even Libra coin which gotten really hyped ended up as a trash project.
Google already has its own currency
It is called Google Pay, Google Play Credits...

It is not a cryptocurrency , neither uses blockchain tech or whatever. It is like a PayPal

http://Https://pay.Google.com

Bitcoin has a different proposal
Google pay/credits are not even a currency. Google pay and Google Play credits are just payment methods/processors, not a currency it serves as a gateway so that you can buy products from different apps from the play store.

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February 14, 2020, 12:31:19 PM
 #11

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?
It will not and probably they will not create their own cryptocurrency because it will be useless. What will be the use of that coin may I ask?? Payment process again? They already have so no need. If they will come up with a good use of their coin then PROBABLY they will create one.

I think that it will beat Bitcoin easily!


Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?
Facebook doesn't control the social media world but it is the most widely used social media platform and yet there coin LIBRA have many flaws and ended up not to be created. Probably same goes with Google too. We know that when an altcoin makes an partnership with google, prices will rise up like what Hedera Hashgraph. The price of HBAR skyrocketed in an instant when they posted a partnership with google. Although having a partnership with google is good for altcoins, creating their own one isn't needed right now.

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February 14, 2020, 12:39:44 PM
 #12

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?
Indeed, Google is one of the biggest companies in today's generation. No doubt about it! However, I don't think even his name could ever beat bitcoin. First, bitcoin was a pioneer in its field; its dominance in the market is incomparable thus I think even a super hype new coin like Google will make in the future (if ever) will not work out. Second, if FB's Libra which is also came from a big company, don't succeed then we chances for Google to succeed may be questionable too Grin.

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February 14, 2020, 12:47:48 PM
 #13

Who knows maybe yes, maybe no, but I do not think that being widely use on the internet means success on every venture they will create.  Remember google plus?  They tend to create it to compete with FB but it failed miserably.  Probably the same thing will happen if they create their own cryptocurrency.  Besides, it needs a lot of money to start one and I am sure, google knows the case of Libra of FB, and probably they will not allow this kind of issue or problem in their company.  

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February 14, 2020, 01:06:10 PM
 #14

Mate, there are speculations that Google is a step ahead to enter crypto currency, however is no confirmed news on this. Crypto is a billion dollar market where already a lot of big companies have jumped on this. And yes if Google step in to crypto I am sure it can be one of the top coin to focus on investment due to its popularity in the entire world it can easily gain public trust which will boost them to rock in crypto market.

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minairia3
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February 14, 2020, 01:20:47 PM
 #15


I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet!
This is my opinion! What is yours?

Control? I dont think so. They maybe a famous project but it doesnt expert on this arena. Yeah most famous project such as Libra has been into a lot of issues and if ever Google created their own cryptocurrency they may be on the same boat with them.

I think google will Not even try that, as Bitcoin Credibility is still questioned by many governments in the world

Not that they dont trust bitcoin yet. Google might be just thinking of a certain way on how to be into cryptocurrency without much hassle like bitcoin's experiencing..

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February 14, 2020, 01:29:08 PM
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First of all, you have to look facebook (as have mentioned above) when they try to make their own cryptocurrency, yeah they are failed to do that.

Ok lets say if google have their own cryptocurrency, will it beat bitcoin? Is that your concern? I will say no. Bitcoin will always have a high price instead of google coin.

Take a look when facebook tried to launch libra coin, how with bitcoin price movement? Bitcoin price met increased price for almost $9.000. As you may remember bitcoin price at that time was $3500 and up to around $13.000. That mean, it will be same if google create their own cryptocurrency.

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February 14, 2020, 01:33:55 PM
 #17

Hi, I have a question if Google will have its own digital currency?it will beast bitcoin or not?

I think that it will beat Bitcoin easily! Because Google controls the whole world of the Internet! And it is very famous among the people all over the world. It can market its currency easily.
This is my opinion! What is yours?
Google is very popular the same with Facebook that is planning to launch it's own currency which is Libra but their launch was being halted by US government.

If Google will create it's own currency, the acceptance will surely be there especially those people who are earning in Google. But in crypto society, the acceptance will always depend on what type of currencies will the google to create. If it is a stable coin then there is a very little chance that it can beat bitcoin because big investors will surely remain to bitcoin and will not shift to Google currency.

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February 14, 2020, 01:53:52 PM
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Who knows maybe yes, maybe no, but I do not think that being widely use on the internet means success on every venture they will create.  Remember google plus?  They tend to create it to compete with FB but it failed miserably.  Probably the same thing will happen if they create their own cryptocurrency.  Besides, it needs a lot of money to start one and I am sure, google knows the case of Libra of FB, and probably they will not allow this kind of issue or problem in their company.  

They are good with regard to complying with what the laws of the government is to the scope of their technologies, adopting a cryptocurrency or basically creating their own cryptocurrency will just make them go back to zero in terms of that aspect of technology as they need to conform first to what the government should allow them to operate.

With the payment systems they've already established, I don't think are still in need to create their own crypto after all.

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February 14, 2020, 02:05:25 PM
 #19

Iif they ever thought of having their own coin, it will certainly be a coin for the elite that is highly centralized and be controlled by a few, Google is a huge company and i feel that unlike Facebook they will have the necessary approval to lunch the project, but will probably face few opposition from btc fans all over, but i don't think it can be a challenge to btc.

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February 14, 2020, 02:39:07 PM
 #20

...

The success of a project (digital currency here) isn't determined on the value, it's following its adoption, volume, etc. In terms of marketing and awareness, we can't deny a currency developed by Google will have more promotion than Bitcoin has ever got.

...

Why only for the elite, there is no use to create a cryptocurrency only for a few people, this isn't even viable and would be better to create a private bank or payment processor, whatever.
Such a project would require a banking license to be able to operate and governments will never provide it (the same problem Facebook finally realized). Otherwise why a company like Google would get it and not a small company?

...

Google received multiple fines for not following local laws, I wouldn't say they're good to do it Smiley

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