According to a survey conducted by Investing.com, only 13 percent of Amazon shoppers would buy bitcoin or other cryptocurrencies through the Amazon platform. The other percentage of people would more likely medical marijuana or Amazon-branded computers so we are about to find out why this is the case in today’s crypto news.
Amazon sells pretty much everything so maybe getting into crypto is a good thing. The company has to first accept cryptocurrency for online shopping. It could be easier for Amazon to accept crypto payments since it is faster and cheaper and most importantly, cuts down on the paperwork.
The online shop has one of the largest user bases in the world and in 2018 was estimated to have about 76 million user accounts. How can a token help Amazon?
By paying with AmazonCoin, it could lower down the chances of credit card fraud and it could reach bigger geographic regions that have banking problems. There are many people who don’t have a bank account and live in restricted regions thus cannot be paid in cash and the creation of an Amazon cryptocurrency could change that.
There are plenty of other benefits of how the blockchain could improve the ecosystem of Amazon. The delivery process could also be improved. Many cryptoanalysts, experts and traders are urging Jeff Bezos to think about issuing an Amazon cryptocurrency. It remains for one question to be answered if the online giant starts accepting cryptocurrency or even create one; will that be the final step that will lead to mass adoption?
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