Amazon.com may not only be gearing up to accept cryptocurriences as a means of payment, but I also believe that the company could be on its way to creating one of the world’s largest cryptocurrency exchanges in a move that would, I believe, be extremely synergistic for Amazon and would likely help them generate a substantial new revenue stream.
A lot of speculation is being tossed around with regard to Amazon’s potential involvement in cryptocurriences going forward. As bitcoin continues to make new highs, pushing over $7000 now, it is being speculated that Amazon may soon accept bitcoin as a method of payment, a move that not only would lend credibility to bitcoin but one that could also create some additional demand for bitcoin itself.
The media and financial pundits all pretty much rushed to the conclusion that Amazon may soon be accepting cryptocurrencies on its site as a method of payment.
This led not only to a litany of stories and social media discussion about it being a possibility, but also to the price of bitcoin getting a boost. My first look at the news resulted in drawing a conclusion that could have an even further far reaching set of consequences, and that is that Amazon may look to set up its own cryptocurrency exchanges. No one has speculated as such so far, but it seemed to just naturally make sense as a conclusion to draw.
When I took one look at these domain names, that is how they read to me. What would be the point of going out in registering a domain name like these if you were simply going to use one of the digital currencies on the website as a method of payment? A domain name is a placeholder for a bigger project than that and, the thought of Amazon exchanges was literally the first thing that popped into my mind when I saw the domain names. I literally said out loud “they’re going to set up exchanges”.