Google Adds New Altcoins’ Prices To Search Results
Google Turning Crypto Friendly?
First, it was Facebook unbarring Cryptocurrency related adverts, now Google adds new altcoins to its currency exchange calculator after previously adding only Bitcoin.
This is good news for cryptocurrency traders, investors and enthusiasts.
Traders can now find the current prices of Litecoin (LTC), Ethereum (ETH) and Bitcoin Cash (BCH) in the Google currency exchange calculator widget.
To get the current prices of Litecoin or Bitcoin Cash is as easy as typing LTC, or BCH in the search engine.
For that of Ethereum however, users will have to navigate to the currency exchange page and select ETH from a drop-down menu, and then select a fiat currency (or one of the three cryptocurrencies) to which the price should be converted.
Before now, price of Bitcoin could be seen on the search engine and can be converted to Fiat only.
With this new addition, it means that the search engine now displays 4 out of the top 7 most popular altcoins.
Pschologically, this could imply that Google is gradually changing its attitude towards cryptocurrency.
There are currently over 1000 cryptocurrencies listed in the coin market cap.
March 2018, Google, Facebook and Twitter placed a ban on cryptocurrency related ads, including ads related to ICOs, cryptocurency exchanges and marketing of any crypto related offer.
After the ban was placed, over 3 billion ads that violated the ban was stopped by Google.
Coinbase, one of the most popular regulated crypto exchanges had to be white-listed by the search engine.
Also, in April 2018, Google cracked down on crypto mining extensions from its in-house Chrome browser and removed such extensions from the Chrome Web Store while citing a failure to ‘comply with Google’s policies’ as the reason.
Google sudden change comes after numerous traditional financial institutions started showing interest in the crypto market, with JP Morgan just one of them, going as far as appointing a new crypto-friendly CEO, Jamie Dimon.
Google however is yet to make any official pronouncement on why Litecoin, Etherium and Bitcoin Cash were included in the search engine currency calculator and whether the most popular search engine intend to add other altcoins in the nearest future.