Crypto News

Amazon ‘Will Have to’ Create Its Own Crypto in Future: Changpeng Zhao

Amazon Will Have to

Popular and one of the Cryptocurrency Industry’s best-known figures have confirmed, and he still believes that Jeff Bezos’ online retail giant Amazon cannot avoid issuing its altcoin. He shared his thoughts on his Twitter account on 2nd of February this year. Broadly discussing the internet business sector, the chief executive officer of Changpeng Zhao has said that it was not so much a question of if, as of when Amazon will issue its coin. The online retail giant has made serious efforts to adopt all forms of blockchain technology in the past, but its relationship with cryptocurrency remains tied to rumors. Such rumors periodically appear in the media which includes those that Amazon could integrate Bitcoin as a mode of payment method.

Changpeng Zhao meanwhile wrote on Twitter, that “For any non-physical internet based business, I don’t understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more diverse demographics and geography.” However, Zhao made his statement the same week Twitter’s own CEO, Jack Dorsey, has repeated his forecast that the internet itself will end up using a default currency, specifically Bitcoin. Dorsey cautioned that although he could not be sure that Bitcoin would ultimately fulfill this role, the largest cryptocurrency appeared to be the clearest choice, speaking on the Joe Rogan Experience podcast that got released on 2nd of February. He said that, “It was something that was born on the internet, was developed on the internet, was tested on the internet; it is of the internet.”

Tessie Winters
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Tessie Winters has worked as a reporter for a number of news organizations. She helps to writers in covering of local, national and international financial news. When not working, she loves to enjoy the outdoors.
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