Amazon Crypto Rumors: Bitcoin and Ether Climb to Recent Price Peaks.
Earlier this week, Amazon’s general manager of blockchain services, Steve Cerveny, told CNBC that the company is working with a number of organizations to “figure out how blockchain works.” While it may seem like Amazon is just playing catch-up to other major retailers who have already announced crypto partnerships, their involvement in this space would be huge for bitcoin and ether prices.
Amazon accounts for nearly half of all online spending in the United States (about $235 billion in 2017) and has over 300 million active customers worldwide. If even a fraction of these people start using cryptocurrency on Amazon, it could mean huge gains for bitcoin and ether prices. The bottom line: Stay tuned!
Amazon Crypto Rumors
: Bitcoin and Ether Climb to Recent Price Peaks.
Earlier this week, Amazon’s general manager of blockchain services, Steve Cerveny, told CNBC that the company is working with a number of organizations to “figure out how blockchain works.” While it may seem like Amazon is just playing catch-up to other major retailers who have already announced crypto partnerships, their involvement in this space would be huge for bitcoin and ether prices.
Amazon accounts for nearly half of all online spending in the United States (about $235 billion in 2017) and has over 300 million active customers worldwide. If even a fraction of these people start using cryptocurrency on Amazon, it could mean huge gains for bitcoin and ether prices. The bottom line: Stay tuned!
Bitcoin and Ether Climb to Recent Price Peaks
Earlier this week, Amazon’s general manager of blockchain services, Steve Cerveny, told CNBC that the company is working with a number of organizations to “figure out how blockchain works.” While it may seem like Amazon is just playing catch-up to other major retailers who have already announced crypto partnerships, their involvement in this space would be huge for bitcoin and ether prices.
Amazon accounts for nearly half of all online spending in the United States (about $235 billion in 2017) and has over 300 million active customers worldwide. If even a fraction of these people start using cryptocurrency on Amazon, it could mean huge gains for bitcoin and ether prices. The bottom line: Stay tuned!
Why the Amazon Crypto Partnership Would Be Huge for Bitcoin and Ether
Earlier this week, Amazon’s general manager of blockchain services, Steve Cerveny, told CNBC that the company is working with a number of organizations to “figure out how blockchain works.” While it may seem like Amazon is just playing catch-up to other major retailers who have already announced crypto partnerships, their involvement in this space would be huge for bitcoin and ether prices.
Amazon accounts for nearly half of all online spending in the United States (about $235 billion in 2017) and has over 300 million active customers worldwide. If even a fraction of these people start using cryptocurrency on Amazon, it could mean huge gains for bitcoin and ether prices. The bottom line: Stay tuned!
Why You Should Stay Tuned.
Amazon accounts for nearly half of all online spending in the United States (about $235 billion in 2017) and has over 300 million active customers worldwide. If even a fraction of these people start using cryptocurrency on Amazon, it could mean huge gains for bitcoin and ether prices.
Amazon has been aggressively expanding into new industries as of late, from grocery stores to streaming services. The company has also been working with a number of organizations to “figure out how blockchain works.”
Crypto traders have been waiting eagerly to hear what Amazon will do about crypto, as rumors began swirling that the company would introduce its own digital currency this year. But now those rumors seem to be unfounded following Cerveny’s comments to CNBC this week. He said that the company is still “working on figuring out what we want to do with blockchain.”
This isn’t surprising considering that cryptocurrencies are notorious for their volatility. If Amazon were to introduce a digital currency, it would be fair game for sharp fluctuations just like bitcoin and ether have experienced in recent weeks — and no company wants that kind of headache.
Still, investors should stay tuned because e-commerce powerhouse Amazon has not given up on crypto yet.