Google entered the cryptocurrency-as-money debate on Tuesday, Oct. 9, arguing over its validity during an introductory video for a new feature from its Google Assistant tool.
While demonstrating how its Call Screen caller ID function works, two Google presenters enter into a brief discussion about cryptocurrency in a spoof argument.
The Call Screen shows the identity of an incoming call as being from the "Electric company," and the call's purpose - Call Screen's other feature - as one presenter's "Bill being super high."
"Cryptocurrency? That money's not real."
Why Google chose a cryptocurrency focus in the Call Screen introduction in particular remains unclear, yet neatly summarizes Google's somewhat murky official stance on the industry.
As Cointelegraph reported, the company recently U-turned on their complete ban on advertising by cryptocurrency businesses it had initiated in June.
From this month on, the company confirmed, its policy would change to "Allow regulated cryptocurrency exchanges to advertise in the United States and Japan."
While sources did not go on record to explain the impetus behind the change of heart, the Call Screen skit provides a further hint that Google's stance is far from one-sided.
New Google Joke Advertisement Questions the Validity of Cryptocurrency as Money
Published on Oct 10, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.