Google has added ADA to its currency converter. Users of the search tool can now convert ADA to various fiat currencies, including currencies such as USD, GBP, EUR.
With this move, Google confirmed that Cardano has become one of the major widely used cryptocurrencies. Investors can easily use Google’s infrastructure when calculating a price for ADA without the need for other services. Moreover, users who are still unaware of Cardano may be more willing to learn more about Cardano after the new integration.
While Cardano’s integration into the search tool does not directly affect ADA’s market value, it could be considered a necessary step for a wider audience. As Cardano uses a proof-of-stake (PoS) algorithm, a higher number of users will increase the flexibility of the platform. In addition, integration will make ADA more accessible to local people in both developed and developing countries.
Besides, this support of Google’s currency converter is very important for the expansion of the entire crypto market. The tech giant demonstrates that the crypto market is the central element of current economic innovations.
Traditional fiat currencies lack many of the features offered by cryptocurrencies. As many people learn more about the crypto market beyond BTC and ETH, such strategic decisions will lead to greater diversification of the crypto market.
If current trends continue, closer integration of crypto with traditional markets will be inevitable in the near future. Hence, most major crypto projects can be supported by the search engine giant. In any case, we can say that cryptocurrencies are becoming mainstream.