Amazon is a dead cert to launch its own cryptocurrency, according to Binance’s Changpeng “CZ” Zhao.
He made the prediction whilst conversing with people who responded to the following tweet.
For any internet (non-physical) 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 demographic and geography.
— CZ Binance (@cz_binance) February 2, 2019
Amazon, always keen to push boundaries, may well go down this road, although not in the near future as it has bigger tech fish to fry right now (e.g. drones, delivery robots and cashierless stores). But where the e-commerce giant dares to tread, many others follow, which would make for interesting times, lest we forget that control freak governments really don’t want mass crypto adoption to happen, as Phillip Nunn, CEO, Wealth Chain Capital points out. Bring it on, we say.
Changpeng “CZ” Zhao, CEO of Binance, doesn’t understand why every business isn’t already accepting crypto. In a series of tweets, CZ predicts e-commerce giant Amazon will end up launching its own currency.@cz_binance – Reason, Governments lose control if these guys adopt.
— Phillip Nunn 🚀 (@PhillipNunnUK) February 3, 2019