Google’s and Facebook’s Questionable Bitcoin Bans

Google’s and Facebook’s Questionable Bitcoin Bans
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-6-26 20:47

ET

11 COMMENTS

If

Calvin Coolidge’s

observation that “advertising is the life of trade” remains true, the new bans by Google and

Facebook

on cryptocurrency ads threaten the fledgling industry’s existence.
Coolidge

in a 1926 address hailed advertising for spurring competition, but today these two companies control a large chunk of the digital-advertising market.
A company or industry that has been shut out by Google and Facebook will find it nearly impossible to reach an internet audience.
Google Pay and Facebook Messenger include peer-to-peer payment services, which compete against multibillion-dollar cryptoexchanges such as Coinbase and Binance.
Last month, Ethereum founder Vitalik Buterin revealed that Google had approached him about helping to develop a cryptocurrency project.

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