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Google’s crypto-to-cash converter enlists Litecoin, Bitcoin Cash, and ETH

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As crypto users, we know for a fact that one of the most valuable tools for us to handle is Crypto-to-Cash converters, a field that seems to be a wider one every day. However, not all of the time these converters are that trustable and that’s precisely the moment where we start to question what’s the perfect place to go to when we want to access trustable information of the prices that specific crypto trades can give us in our fiat currency.

In this sense, nothing says more ‘trustable’ than Google does, or at least that’s what most of us believe when we want to search on the internet, let’s say, anything. And guess what?

One of the things that we can search right now on Google is the price in cash that we would receive by trading certain crypto coins, a brilliant move made by Google that many might consider a little daunting for the search giant in the end. Let’s see how it goes.

Google’s crypto-to-cash converter

Google’s ability to convert from Bitcoin to cash is not actually that new. In fact, we all have been enjoying the latest feature of the giant for a couple of months now.

But truth be told, the possibility of extrapolating this to other cryptos in the market was actually not so close, or at least that’s what we thought, which is the main reason why we almost lost our minds finding out of the adding of altcoins such as Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BTH).

As a matter of fact, you can always search on Google for any crypto-related conversion that you want to have, but what the company has done differently in order to make it stand out is that once you search for a specific crypto, let’s say for instance ‘Bitcoin’, then it immediately opens its converter and give you the rate for that coin, something similar to what happens once you type and search for ‘translate’.

Google Bitcoin Cash crypto to cash converter

Image/snapshot taken by Ali Qamar, GlobalCoinReport.

As of now, in the cases of Bitcoin (BTC), Litecoin (LTC) and Bitcoin Cash (BTH), the only thing we need to do is to type the name and start searching, the first result it shows will be the Crypto-to-Cash converter of Google. However, in the case of Ethereum (ETH), the process varies a little bit as the user would need to type the name followed by the request “currency converter”.

Controversy with the newest feature

Not only in the field of crypto but in general terms, one of the most criticized things of Google despite the incredible help that represents for all of us, is that the company seems to know a little too much about ourselves, and to say the least, that is precisely what crypto users tend to avoid.

This is the main reason why a great part of the community seems to be concerned about what would be the true intentions of Google with its latest move. Is it possible that they want to track which are the most tradable coins? Or is it about them building their very own crypto? Well, for now, it just seems like a helpful tool, we all will have to wait and see. So stay tuned.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Maxpixel.net

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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