Why I think Amazon is about to come out with its own cryptocurrency

in #amazon6 years ago

Most investors missed it or forgot about it…

I believe something huge is about to impact cryptocurrencies… and even change how business is done… forever.

I believe Amazon is about to issue its very own cryptocurrency…

Amazon-Coin

Everyone knows that Amazon is a e-commerce and web-services giant. And I believe it is about to issue its very own cryptocurrency.

Look what popped up in the internet domain name registry recently...

Amazon registered the new website address under the name…
amazonethereum
amazoncryptocurrency
amazoncryptocurrencies
amazonbitcoin

None of them are “live”…. yet.

As you can see from the date of registration, Oct, 2017, it’s been 8 months since registration. Amazon has undoubtedly been working hard on the details all this time.

That’s why I think that Amazons digital currency is now imminent.

And I can’t think of a better company to make it happen.

Remember this?

In 2013, Amazon started experimenting with issuing “coins” to be used on Amazon “Fire tablets, Fire TV, and on any Android device through the Amazon Appstore.”

These coins are kind of like frequent flyer points, in that they cannot be converted back into a fiat currency like the U.S. dollar.

I believe that was just the first step.

I believe that Amazon is about to issue a cryptocurrency that is fully convertible into popular cryptocurrencies like bitcoin and ether, which would make it convertible to any fiat currency.

If I'm right and Amazon does come out with it's own cryptocurrency, it could have a huge impact on the whole crypto space. While this is not investment advise in any way, it's worth reflecting on your buys and sells in the crypto market.

And while no one has a crystal ball that can predict exact dates, logic tells us that it was going to take some time after Amazon registered domain names before they made any announcements.

And while I have no inside information, I believe that enough time has passed that an announcement could be imminent.

Will you be surprised if/when Amazon makes an announcement about entering the crypto space?

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Please comment below....

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Wow. That's really good news.

Yeah, and we could use some good news right now :(

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Why, thank you

I think that if you're right, an Amazon cryptocurrency will give a big push to all the crypto market. And not only, it will probably spread enormously the word about cryptocurrencies in general to the masses. Even now, most of the people maybe heard about bitcoin, but the majority has never been involved in any way. This will help for sure the crypto market as a whole...

You are 100% correct about that, I talk to so many people that know about crypto but are not involved at all. If bitcoin doubles from here, they're just watching.

It would be great to buy Amazon products with it's native token

Yes, imagine having money in an Amazon coin where at least you wouldn't have to worry about inflation eating away at the purchasing power like so many fiat currencies do

I would be great to
Buy Amazon products with
It's native token

                 - alan369


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