Google has added Bitcoin to its currency calculator, allowing users to track the value fluctuations of the currency similar to any foreign currency. By searching for “Bitcoin conversion,” the consumer is presented with a plug-in converter, displaying the value of 1 Bitcoin in US Dollars, and the recent fluctuations of the currency since 2011.
Coindesk notes that the introduction of an automatic currency converter comes one month after Google partnered with Coinbase in order to launch a Bitcoin price tracker. Thus, the currency converter seems the next step for Google, in order to compete with other search engines that have also begun to include Bitcoin in their financial reports. The currency converter also works through the Google Search App on smartphones and will give you an up to date valuation of Bitcoin simple by asking, “what is the price of Bitcoin?” However, officials clarify that while the converter is automatic, the results may not reflect to-the-minute changes to values.
This inclusion of Bitcoin as a currency by Google follows movements by Microsoft via its Bing.com search engine, as well as the addition of Bitcoin to Yahoo! Finance last month. Bloomberg also included it in its financial trackers in April. Furthermore, the announcement by Google follows the acceptance of Bitcoin as currency by a number of significant companies, including Overstock.com, Etsy, eBay, OKCupid, and Virgin Galactic. While Bitcoin continues to gain legitimacy from governments, the inclusion and acceptance of the currency by major search engines and companies may allow Bitcoin to gain legitimacy.