Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in touch via Twitter or Google+.
Bitcoin may be a highly controversial virtual currency, but it seems like Google and Yahoo are taking steps to acknowledge it as a legit currency — by adding Bitcoin prices to their finance networks.
This comes after Microsoft added Bitcoin currency conversion to Bing in February, with the data provided by digital wallet company Coinbase. Google had earlier said it had no plans regarding the incorporation of Bitcoin into its Wallet payment system, but this latest step is a tentative move towards acknowledging it.
Bitcoin has been battered by various scandals this year — think Mt. Gox’s downfall — and government crackdowns, the most recent one being China, where two national banks and Tenpay banned cryptocurrencies. However, there’s still hope for the virtual currency as big internet firms are continuing to recognize and accept such a payment method, with Expedia being the latest one. Apple has also recently said it will allow Bitcoin and other virtual currency apps if they comply with local laws.
Thumbnail image via George Frey/Getty Images
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