Author Topic: Binance CEO: Amazon will have its own cryptocurrency (Read 1837 times)

cryptochris1 · « **on:** February 07, 2019, 02:07:02 PM »

The biggest online retailer, Amazon, will introduce its cryptocurrency sooner or later, believes Changpeng Zhao (CZ), Binance CEO. According to CZ, internet companies need digital money.

“For any internet (non-physical) based business, I don’t understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more diverse demographic and geography,” wrote CZ in his Twitter account.

Earlier, JP Morgan analysts raised doubt about the possibility of using cryptocurrency as means of payment for goods and services. The company was unable to identify any major retailer that accepted digital currency in 2018.

Source: www.cryptoreporter.com

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leithy · « **Reply #1 on:** February 07, 2019, 05:31:25 PM »

Surely the volatilıty of crypto stops it being used for payment.
10 dollar of crypto received for payment today may be worth only 9.8 tomorrow. Hit on the profit line.

MrSpasybo · « **Reply #2 on:** February 07, 2019, 05:39:17 PM »

Yeah, want to use AMAZON coin to buy products on Amazon US. Hope thay also accept ETH and BTC.

jamieduffy · « **Reply #3 on:** August 01, 2021, 09:56:24 PM »

Using cryptocurrency on Amazon seems to be quite convenient. However, it should be understood that some users have problems with regular payments. If the service introduces cryptocurrency, then for some time, it will be only as a trial method. But one way or another, no one will cancel the old payment methods. For example, every time my mother asks me to order something from Amazon because she still does not understand how to pay for purchases correctly. She recently sent me back https://www.amazon.com/Vont-Beautiful-Measurement-Stainless-Batteries/dp/B08SW6F5SZ and asked to order. And this happens periodically. If my mother has not mastered the usual payment by card, then I doubt that it will be easier for her with cryptocurrency. And there are many people like my mother.

TomPluz · « **Reply #4 on:** August 02, 2021, 09:58:23 AM »

Yes, this is quite possible or they can connect with a trusted third-party who can administer the crypto-based currency for them, and which can be accepted in the whole Amazon network of business. At the same time, they can officially work with many other platforms so other cryptocurrencies can indirectly be accepted and integrated with Amazon. The possibilities are endless and once this happen I am sure that the whole cryptocurrency industry will really go big BOOM!