Why Facebook and Google don’t like a cryptocurrency?

Hi, everyone!)

It’s no secret that Facebook and Google earn on advertising. We can only imagine, which amounts these services get thanks to that. Every business owner, which sells his goods or offers services, wants, that they are visible to potential clients and precisely this is possible with an advertisement in social networks and directly in Google.

First let me tell, how contextual advertising in Google works (Google Adwords).

This service allowed you show advertisements in the first place in a search engine. For using this advertisement, you should sign up for an account in Google Adwords, choose keywords, which you want, that your advertisement display in the search results and paid for it.

Screenshot with advertisements by request “to buy cryptocurrency” is presented below.

Accordingly, the more you want to raise an advertisement in search results, the more you need to pay.

Now imagine a world of cryptocurrency, with all ICO, where every company wants to be the first. We can only believe, how much people want to advertise his services.

But suddenly here comes news, that Google won’t more advertise a cryptocurrency or related sources.

A bit earlier the same did Facebook with Instagram, they just denied to advert cryptocurrency, but then no one wasn’t paying particular attention.

It can be assumed, that Youtube will stop to advert too because it’s a Google product.

Why does it happen?

Companies said that the reason of block of this advertisement is a fraudulent relation with advertisers. Therefore, there had been too many complaints from them, who became victims of fraudulent activities of companies, which advertised their services.

How would it affect the cryptocurrency?

For cryptocurrencies, this news provoked a price drop. First began to fall Bitcoin price and after it all cryptocurrencies.

It should be reminded, that you always can check the rate of Bitcoin and buy it on https://orangecoin.com/

Today, 21.03.2018 exchange rate of main cryptocurrencies:

Nowadays a lot of investors in panic want to sell their coins, but only time will tell, is it worth it.

Follow our news, and we will tell you, how the situation in a crypto world was changed.