Author Topic: Binance CEO: Amazon will have its own cryptocurrency (Read 1955 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

Altcoins Talks - Cryptocurrency Forum · « **on:** February 07, 2019, 02:07:02 PM »

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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.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** February 07, 2019, 05:31:25 PM »

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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.

TomPluz · « **Reply #3 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!