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Microsoft Bing cozies up to Bitcoin – offers live conversion via Coinbase

Bing and Bitcoin in harmony

For the past few years, Microsoft’s Bing search engine has offered up the ability to convert multiple currencies. For example, simply head over to the site and enter “1 USD to Rupees” to learn that 1 US Dollar is equal to 62.03 Indian Rupees.

Now, the Redmond based company has added the digital currency, Bitcoin, to its arsenal of knowledge. Moreover, for all of you who are wondering, No – Google does not offer Bitcoin conversion at this time.

For those unfamiliar with Bitcoin, it is a peer-to-peer open source payment system that was introduced almost ten years ago in January 2005 and has since grown to worldwide popularity.  Unlike traditional currency, a Bitcoin is not based upon any physical material, but instead relies on digital “mining”. One of the many benefits of Bitcoin include the fact that it is decentralized and does not rely on a middle man as standard government currency does.

Downsides include a highly volatile market and a lack of widespread use. To learn more about Bitcoin, you can head over to their official website by clicking here.

Are you a Bitcoin fanatic – are you happy to see integration within Bing?

Source: Bing Blogs

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Reader comments

Microsoft Bing cozies up to Bitcoin – offers live conversion via Coinbase

19 Comments

Even in countries that don't ban it, I've heard of a few people either having their bank accounts shut down or told to take their business elsewhere. There's no way the banks want to lose their grip on our fortunes to gamble with.

Would be nice if it supported other alternative crypto coins like litecoin which is I suppose peoples favourite atm.

Only if you are willing to buy an ASIC (Application Specific Integrated Circuit) miner. People use to use GPUs, but they’re to inefficient now, mining with them you probably won't cover the electricity costs let alone the cost of the hardware.

Bitcoin is backed by how much people want to pay for it. Much like other currencies. And unlike other currencies it's immune to inflation because there are a fixed number of bitcoins that can ever be mined.