Hello Everybody!
Well, today I want to talk about something quite big, and that is Amazon is being speculated to open a cryptocurrency exchange.
This is kind of unsubstantiated sort of news but as you can read there was an article basically talking about how Amazon could possibly be gearing to set up a cryptocurrency exchange.
You can read that article here:
Could Amazon Be Gearing Up For A Cryptocurrency Exchange?
https://www.zerohedge.com/news/2018-01-22/could-amazon-be-gearing-cryptocurrency-exchanges
If you read the article in the end, a lot of the article kind of uses evidence of them like getting domains for three different domain names, which are:
amazonethereum.com
amazoncryptocurrency.com
amazoncryptocurrencies.com
So basically, people are speculating that this might be them trying to open their own exchange because obviously it's very lucrative at the moment.
If they take a percentage of all transactions that happen on cryptocurrency Amazon could be a massive cryptocurrency exchange in the US and other countries if does get involved and it does have a huge name behind it and could introduce a lot new people to cryptocurrency.
Some people speculate obviously if they did get the amount of people and get behind cryptocurrency exchanges, they could make a lot of money just from the transaction fees and referral systems.
It is a very big commitment and they do have the resource but it will take up a lot of their time and money to get started as they probably don't really know what to start and would need a development team that specializes in that sort of area to get involved and also a sort of uncharted waters for them and they're just a shopping company and they obviously own different companies.
So maybe they'll buy an exchange or something like that and maybe rebrand it, who knows, how would this go, but you can read the article for yourself above and check out the sources, the evidence they have towards it.
It is sort of tickling people's fancy and sort of giving them the idea that there might be an Amazon coin exchange.
What do you think about this?
This would be great for cryptocurrencies but bad for cryptocurrency exchanges
Well I don't think so, competition is always good
Yes, especially after the recent security breach, we need better exchanges
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Well....amazon does have a huge number if customers .....lot of them being very dedicated to the service. If they include crytocurrency i think they will be able to gain huge capital ...
The currencies they will post on their platform will be available to the masses. If this really happens, the market will enter the end of the second stage - mass addoption.
Hmm amazon is a big name
If amazon opened a cryptocurrency exchange, I bet they will make it easy for any average Joe to use. This will cause a bull run in any currency listed on the exchange and ripple across the rest of the market as new capital gets poured into the market. This would be huge for crypto!
Indeed
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This will be a very great idea if they do because of many people in the U.S are still doubting cryptocurrency trading and exchange but if a big name like amazon would want to start an exchange then it will be a good one for all of all.
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Hm yep
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This is pretty big news. I imagine it will lead to people being able to buy things on the Zon too. Thanks for publishing this news!
Thanks bud
That would be really cool if they did, especially if they planned on integrating it with their e-commerce side of the business. I've heard this rumored before but it was pointed out that they might just be buying them so that other people don't use their brand to pull people in. It would mean the end of a lot of exchange coins though.
Competition is always good :)
It's always good bringing more companies and competition to the cryptoworld
Yep
If this happens, we can assume that amazon will also start accepting payments in cryptocurrencies!
Indeed