Google Opens The Door To Mass Cryptocurrency Adoption

[Paulinerims]

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.

[1714973026]

1714973026

[1714973026]

1714973026

[1714973026]

1714973026

[1714973026]

1714973026

[Jawhead999]

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  

[MarzoB]

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.

[Paulinerims]

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  

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.

[2double0]

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?

[NotATether]

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.

[danherbias07]

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. 

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.

[hugeblack]

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.

[rexxarofmoknathal]

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.

[Ryker1]

Well, I dont believe on google when I saw ads, there are various scam phishing ads links that perhaps will harm your device after clicking. If they improved this matter I think there someone who believe on the ads they have. Instead of they are fighting towards scam, it looks like they are helping scammers to expose the trap to us. So, don't trust the google ads if you don't want to have trouble. However, if you really want to, just to make it sure you have double searching of the source of links. Indeed, this perhaps will help the crypto to have wide adoption but people will always afraid to get scam.

[bL4nkcode]

As an existing digital wallet and an online payment system, chances of them implementing cryptocurrency on their system is high.

Look square cash, soon VISA and paypal, and now google, these are the big institutions who wants to adopt this new normal. So let just wait others to do their first step.

[Twentyonepaylots]

Its better if Google fix their system to filter scam/phishing sites and remove scam/malware app on google play first.

I don't know how they are gonna fix this coz in some instance they even promoting a scam website lol just pay their price and they let the website to scam people. I think website screening should be done manually by the book so they could avoid promoting shitty websites designed for scamming, it won't get flagged unless a person or two gets scammed and reported that site.

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

I don't think they hate BTC or ETH, but it would be a lot easier if they got their own coin for a single purpose, it would be hard if they depend on separate blockchain such as BTC and ETH. Easier for them if it runs centralized.

[btc_angela]

Nah, it's just because crypto is on the headline right now because of the bull run that we are experiencing, companies like Google started this so called adoption as well. They will work as a middle man, so obviously they will make money out of us. So I'm not sure if we are going to celebrate with this news or simply ignore it.

@gantez - they don't care about security or protection here, it's all about the money. And if your credit card is attach then you are exposed.

[dunfida]

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. 

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.

Was actually to say the same thing but to know that these companies will surely go into things that would give out revenue or benefit to them, so it isnt really that surprising though.
We are indeed do really care about fees but to have this one wont really be that necessary unless if you are a die hard fan of theirs.

Nah, it wont really make out some buzz even if they are popular or known but people wont really be that just dumb on considering this up to know that
they would pay even more.

[Jating]

As an existing digital wallet and an online payment system, chances of them implementing cryptocurrency on their system is high.

Look square cash, soon VISA and paypal, and now google, these are the big institutions who wants to adopt this new normal. So let just wait others to do their first step.

It could be as more name companies are involving themselves in crypto. And as Google says, there is demand to they step up and will try to be part of that big pie, a billion dollar market.

I just do hope that the integration will be flawless and we don't want crypto enthusiast complains about the huge fees that are going to be shoulder by us. Closer to adoption? it could be as people realised the true potential of crypto then we might see this becoming a success in the future.

[Harlot]

This isn't really an improvement on to anything, Google Pay being a payment solution would really open its doors onto anything as long as it is legal as the more they cover everything the more they will profit from their service as their service is widely available onto various businesses. The same thing happened for Visa and Mastercard debit and credit cards where you will see their availability in major exchanges since these companies don't see the "adoption" we are looking for but the earnings they will have from the crypto industry. Just don't overthink this one just like how the author of the article is assuming things.

[suzanne5223]

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.

Completely, despite the fact that we need big company to join the circuit of making crypto go mainstream I don't see any point in Google making a footpath for cryptocurrency mass adoption when they do more harm to crypto investors by not cleaning their home clean.

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

No Google doesn't hate BTC or ETH and the last time I checked every crypto enthusiast love BTC and ETH. However, the relationship between NWC and Google is still clear and could business hype base proposal by using Google influence since crypto investors easily fall for such hype.

[Assface16678]

There are a lot of chances that the Google will adopt the use of the digital currency because right now most of their transactions are with the Debit or credit card which is less hassle and also why not the cryptocurrency this is a good thing there are a lot of people using this coins as payment.

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.

Oh, I see, that's their plan for real? well, thanks for this brief explanation of yours dude, I have no idea actually about this plan of the google about cryptocurrency. But this is another great news again to all crypto enthusiast isn't right? This showed only that crypto space is becoming popular and trending nowadays.

I never been experience this kind of platform for payment because most of the time I have some gift cards if I want to pay some with the use of Google. Looking forward to have this transactions just for experience.

Nah, it's just because crypto is on the headline right now because of the bull run that we are experiencing, companies like Google started this so called adoption as well. They will work as a middle man, so obviously they will make money out of us. So I'm not sure if we are going to celebrate with this news or simply ignore it.

Because of the other pump of the bitcoin there is a chance that many people now become more curious about the use of the bitcoin and there is a chance that they will make an investment just to the with this coin. Expect for another market movement for making an investment of a bunch of people.

[Wexnident]

They should probably fix their own problems first though, especially since most scammy extensions are in their system right now, plus let's not forget how youtube actively blocked crypto enthusiasts in the past while scam videos were still spreading. Also, I doubt much would change tbh? It's just another big company trying to get on the times, possibly taking advantage of the usefulness of crypto while ignoring the fact that it should really be used in a decentralized fashion.

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.

Hmm really though? Ignorant ones would probably join, but those hard-headed ones that basically have their own reasoning? It's not like crypto was out for only a year, various people have already pretty much studied upon it quite intensively, and investors know what they and they don't want to enter. Seeing as they aren't keen to enter even after a decade, I doubt Google joining in would make most of them move. Some might, but not the majority.

[Slow death]

As soon as these companies (coinbase) are allowed to have physical cards that are possible to use cryptocurrencies, google would not have many reasons to refuse the physical cards of these cryptocurrency companies, but about the case of paxful I did not know it is already possible buy bitcoins on paxful through google pay, maybe i didn't know that because i haven't used paxful for over 1 year