It turned out that cryptocurrencies are not to the liking of even Google, which decided to fight them in a rather brutal way. It is also another blow that the virtual market will have to withstand.
The well-known Google company secretly announced that cryptocurrency advertising will be removed from all services it offers as early as June. All due to the fact that both public and regulatory authorities are increasingly aware of the successes, but also the problems of this virtual currency. Google decided to take this position because it wants to protect ignorant people who could ruin their own lives.
Despite blockchain being one of the most promising technologies in recent years, the path they are taking to obtain cryptocurrencies through it is much more worrying. All because of the chaos and lack of any stability on this market. Scott Spencer, Google’s advertising director, said in an interview with CNBC that:
We don’t have a crystal ball to know where the future of cryptocurrencies is going, but we can see enough damage to consumers, so this is an area we want to approach with extreme caution.
Of course, we can argue that people do not throw themselves blindly at this type of “investments“. However, the decision has already been made and will be enforced in June. Initially, the algorithms may have trouble filtering out banned ads, but technological innovations are to come to the rescue. Of course, we are talking about artificial intelligence and neural networks, the use of which by Google will certainly be successful.