Is An Amazon Crypto Exchange In The Works?
This is pure rumours so please do not get your hopes up. Last year amazon registered a cryptocurrency domain name so people are wondering what it will be used for. Well how about an exchange? This could be where Amazon is heading and it would be an exciting day.
This would lead to an amazon coin similar to the binance coin. A coin that could be used for their sites from amazon to twitch. They have a lot of users for a coin and adding a market as well would give them a lot to work with.
Personally I think it would be a great idea. Crypto exchanges are making a LOT of money. And this is at today's prices. If the market cap goes up so does the value that these exchanges are making. We are talking billions of dollars from fees to help exchange them. It is a great business to get into. Amazon might want to wait for regulations to happen but once they are in place this could be a great move for them.
Here is the link for more info:
https://smartereum.com/3097/a-potential-amazon-cryptocurrency-exchange-everyone-is-wondering-about-this-move-wed-jun-06/
Imagine how much they would dominate in this area! They have it seems endless server capacity and the capability to handle almost as many customers as they want..like a coinbase on massive amount of steroids..
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Yes i think this is a great idea aswell !
Interesting article . Who knows what will happen ? But definately the crypto world will bring us more interesting things
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A very wonderful article really well published my friend
I wish you every success and happiness
Makes sense, a company that trades huge quantities of goods and want to expand their market seems like a great business decision, they don't have to depend on any coin or fluctuating prices of paper money they can just use their own cryptocurrency. People in Amazon are smart they really know what to do with their brand, that's why they are so successful.
Thank you for bringing this to our attention, I'll be watching closely to see what will happen and what this means for Amazon stock.
Just a different perspective to be aware of. Amazon crypto exchange might destroy privacy.
Amazon has said that they will sell their user data to law enforcement including the FBI. For example, if a user buys something with bitcoin, Amazon will sell the bitcoin address and the user's identity to the FBI.
This might be what is behind every move Amazon makes in the crypto space, so it might not be a good thing for user's privacy.
Always send with a different address.
Looks like they doing a little more than just buying up a domain. Perhaps they are just looking to get into supporting the backbone of things and getting a massive cut out of the deal. At the very least they are making some interesting plays.
https://www.amazon.jobs/en/jobs/674720/blockchain-prototyping-architect-developer
Supporting clients in the array of fields they list could mean quite a few things. Rather interesting to say the least.
I’m also quite shocked by how many Economists they are looking to hire.
https://www.amazon.jobs/en/job_categories/economics
Granted that means nothing. I’ve just never seen a company need that many before. After reading quite a few of the job descriptions I guess they just have a need for them.
They are in so many markets I bet they could get away with for a while almost openly hiring people away to set up their own exchange, support staff, and integration with all of their products to accept it. They are looking to hire quite a lot of interesting quantities of: programmers, hardware exporters, and other types of people as well. Now granted with all the things they do they do have just a “need” for having those kinds of people around but I’m wondering how many job descriptions are not 100% being honest in what they these people will be working on.
Amazon has been purchasing various domains such as AmazonBitcoin.com for years now. It is probably more public posturing that it is signs of anything really developing behind the scenes.
Still, it is interesting. A retailer like Amazon getting into cryptocurrencies could change the landscape forever. Especially if they choose a crypto already available rather than creating their own.