Google Bucks, Google’s own digital currency
will remain as it is, just an idea.
At Barcelona’s Mobile World Congress,
Google chairman Eric Schmidt admitted that the company considered
issuing its own “bucks” until they were hampered by regulatory
“We’ve had various proposals to have our
own currency we were going to call Google Bucks,” he said.
The aim was to enhance a P2P money platform
but the search giant realised that the idea of its P2P Google Bucks
could have undesirable legal implications.
“Ultimately we decided we didn’t want to
get into that because of these issues,” he said at the
The plan was ditched as could fail to
respect currency and money laundering laws requirements.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData