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Saturday, November 4, 2017

Crypto News: Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

On October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name.

This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there was news based on sources in Silicon Valley reporting that Amazon could soon integrate Bitcoin as a payment option. Any move to do so by Amazon, one of the most innovative and influential tech companies in the world, would have enormous consequences.

However, during an interview, Amazon Pay’s VP Patrick Gauthier stated that Amazon does not plan to accept cryptocurrency since there is little demand. Considering that the majority of online payments are done via debit and credit cards, Gauthier’s statement sounds reasonable and convincing. It’s possible that Amazon bought the domain names simply for defensive purposesand has no plans to accept digital currency.


Full story at http://bit.ly/2h5uNuj


Source: CoinTelegraph


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