Is Amazon preparing to launch its cryptocurrency in 2022?
Amazon, the global e-commerce giant, never ceases to impress with innovative ideas and attempts to carve out a place in the crypto world. Although the exact details are still unclear, recent events at Amazon practically
suggest that the company could soon have its digital currency The company posted a job listing for the position of Head of Digital Currency and Blockchain earlier last month, Fintech Magazine reports.
The leader may take care of the design and development of Amazon's cryptocurrency and integrate blockchain technology into its platforms.
This direction follows escalating competition from other big industry players like Meta (formerly Facebook) and Google.
According to an article published by CoinDesk, Meta is currently working on a compelling blockchain concept. On the other hand, Google recently partnered with Bakkt, introducing cryptocurrency adoption into Google Pay.
Blockchain and cryptocurrency development is still in their infancy. Therefore, there is still room for many extensions and improvements.
minimum deposit
$200
Exclusive offer
user rating
10
Start trading
CFDs are complex instruments and carry a high risk of losing money rapidly through leverage. 68% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
atOptions = {
'key' : '84478568a214ad23f50f6217d2835d17',
'format' : 'iframe',
'height' : 250,
'width' : 300,
'params' : {}
};
document.write('
atOptions = {
'key' : '84478568a214ad23f50f6217d2835d17',
'format' : 'iframe',
'height' : 250,
'width' : 300,
'params' : {}
};
document.write('
; font-size: 20.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">
It's not too well known, but actually, Amazon already has a kind of digital currency. It is called Amazon Coin and has been around since 2013 But the Amazon Coins can currently only be purchased from the Amazon App Store and used to buy apps and games.
Perhaps this very coin will be expanded as a loyalty brand for Amazon's Prime members and then introduced as a cryptocurrency.
With Amazon being one of the most well-known, popular, and trusted brands in the world, the company's ambitions are undoubtedly high. Even if they are not clear yet. With more than 250 million Prime members worldwide, chances are that m Ethereum
.any will acquire the crypto token.
Speculations about a new cryptocurrency
This isn't the first speculation about Amazon's interest in the crypto space.
If the company gets into blockchain technology, the industry will attract millions of investors, which will allow blockchain developers to create even better products.
1111
It is expected that customers will enjoy the ability to use the token when shopping on Amazon.
The network will probably be called “Amazon Managed Blockchain”. It will be interesting to see how it will fare compared to larger cryptocurrencies like Bitcoin and Ethereum. With Amazon's rush, more companies from different industries can join the cryptocurrency industry, making it easier for consumers to use cryptocurrencies to buy products and services.
No comments:
Post a Comment