Google
Adds Support for
Bitcoin Conversion
Google's currency
Conversion added
Support for bitcoin, a virtual currency introduced in 2009. If you search for [1
Bitcoin to usd], [1 BTC in USD], [bitcoin eur], [convert 1000 gbp to bitcoin] and other similar queries,
Google shows the interactive currency
Conversion card that also includes a historical chart.
Last month, "Google Finance
partnered with Coinbase to launch a
bitcoin price tracker that enabled BTC-to-fiat price conversions across a wide range of global currencies." This update uses the same data.
"Bitcoin is often referred to as a currency, but it does **t conform to widely used definitions of money,"
suggests Wikipedia. "Eco**mists generally agree that to qualify as money, something must be a store of value, a medium of exchange, and a unit of account.
Bitcoin has some way to go if it wants to meet these criteria. It does best as a medium of exchange."
{ via
Search Engine Land }
