Amazon launches its native token and plans to accept Bitcoin as a payment method as well as Ethereum, Bitcoin Cash and Cardano | Author: The Crypto Basic | Capital | July 2021

Amazon released a job posting for cryptocurrency and blockchain experts on Friday. The job description stated that the candidate must be able to formulate the company’s digital currency strategy and its product roadmap.

British Business Newspaper City morning An anonymous source informed that the e-commerce giant will accept Bitcoin payments. If true, this development may help accelerate the adoption of cryptocurrencies. Insiders say that the plan is more in-depth than just letting someone explore the possibilities of cryptocurrency.

“This is not just a movement to create a cryptocurrency payment solution at some point in the future-it is a mature and well-discussed part of Amazon’s future operating mechanism. It all started with Bitcoin-this is In the first phase of the crypto project, the instructions came directly from Jeff Bezos. Ethereum, Cardano and Bitcoin Cash will be next, and then they will bring about eight of the most popular cryptocurrencies to the Internet. It will not take long because these plans are in place and they have been working hard since 2019. “

As early as November 2018, Amazon Web Services, a subsidiary of the cloud computing e-commerce giant, launched two blockchain services.

“When all these cryptocurrencies are lined up in a row, there is another twist that can further promote the development of Amazon-a native token,” the insider explained.

The source told the city AM:

“After experiencing cryptocurrency as a payment method for commodities for one year, we are increasingly likely to move towards tokenization. “It will then become a multi-level infrastructure where you can pay for goods and services or earn tokens through loyalty programs. “There is nothing more at the moment, but you can guarantee that the Bitcoin plan will be closely monitored, as opportunities for Amazon’s own encrypted version will be explored.”

Binance CEO Changpeng Zhao reiterated his belief that Amazon will have to issue its own tokens to keep up with the rise in cryptocurrency in February 2019.

Zhao, a well-known figure in the cryptocurrency industry and the operator of Binance, posted a tweet on February 2, 2019.

“Amazon needs to issue currency sooner or later.”

Leave a Reply

Your email address will not be published. Required fields are marked *