Amazon Could Not Avoid Issuing Its Own Altcoin

Changpeng Zhao, CEO of Binance, confirmed that he was still convinced that the online retail giant, Amazon, could not avoid issuing its own altcoin, in a February 2 tweet.

The retail giant has made efforts to adopt blockchain technologies in the past, but its relationship with cryptocurrency remains tied to rumors. However, one of the most famous figures in the cryptocurrency industry, affirmed that it was not really whether, but when Amazon would issue its own piece.

Zhao wrote:

“For any Internet-based business (non-physical), I do not understand why anyone would not accept cryptography for payments. Integration is easier, faster, and cheaper than traditional payment gateways. Less paperwork And touches a more diverse population and geography.” Amazon will have to issue a currency sooner or later.”

 

Therefore, Twitter CEO Jack Dorsey reiterated his predictions that the Internet itself would end up using a default currency, especially Bitcoin.

Dorsey warned that although he could not be sure that Bitcoin would fulfill that role, the biggest cryptocurrency seemed to be the clearest choice.
“It was something that was born on the Internet, was developed on the Internet, was tested on the Internet; it’s the internet, “he said.

 

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