Bitcoin Forum

Amazon completed a survey recently on 1K users and 51.7 percent of respondents voted positive for Amazon's own crypto. What do you think? Will Amazon bring their own crypto? or that was just another survey?

News source:
https://www.bitcoinmarketinsider.com/amazon-crypto-would-be-welcomed/

Amazon is centralized company -> they don't need own decentralized crypto

latest news i iheard with this amazon company is tying up with one of the potential cryptocurrency in the future,
UTRUST the new and better PAYPAL of cryptocurrency.
You trust is focused on their platform as a paypal but we will experience the best out of it.

https://medium.com/@UTRUST/our-communitys-top-10-merchants-62a5c293b5e

I actually believe a cryptocurrency token would make a lot of sense for amazon and would have a lot of synergy with their platform, however Jeff Bezos does not seem to be very supportive of doing something like this at this stage however this may change in time.

Amazon coin would certainly get my wife's attention.  She has a passing interest right now, mostly just occasionally asks me if we are rich yet.

All of these speculations would be just FUDs if there are no confirmation about these from these big companies,it is started with the TON now its amazon and uber? these news are being used by these scammers to solicit money from those noob investors that doesnt know anything or has no idea what they are into,no official confirmation = expect nothing.

Yes you had a point but the latest news I heard and saw in social medias that amazon pay had some rumors partnership with UTRUST a.k.a UTK. Well this is not for sure or final announcement but if this one really confirms UTRUST will go to the moon easily.

I think Amazon will soon pay the order by bitcoin. I think they are in the stage of thinking about accepting bitcoin for payment. Will be very convenient for the payment of items with customers. Customers will not need to spend time converting coins to pay bills. And that will attract more consumers shopping on amazon.

All of these news are fake,it is just speculations from these greedy scammers so they can get these noob investor's money,i noticed these people are using those big companies for their fake ICOs so that they can have millions of dollars from nothing,TON? now amazon and uber? i have heard starbucks will create their own cryptocurrency LOL! ;D

as a US based company, I'm not sure that would happen anytime soon even if they were interested. SEC is a very dangerous opponent, you don't want to make mistakes, especially when it comes to companies like amazon

The way I see it, Amazon creating their own cryptocurrency would be worthwhile if it surpasses the amazon ecosystem, creating a global coin rather than a token, and using its tremendous user base and infrastructure as a kick-off for it.

I am not sure about a token of their own used only within the Amazon system. What Amazon want´s is to sell and therefore the more currency options available to the user the easier, having nevertheless to tackle price fluctuation in a serious manner so that products are not purchased cheaper in one currency than another.

Rumors about this have been spreading for a long time. I do not believe that it will be done. Only earlier they said that they would accept bitcoins for payment. They will never take actions that could damage their relationship with the government. It seems to me that Amazon is using a popular cryptocurrency theme for its PR.

well, these talks are in public for a while now I think many more big companies will come up with there own cryptocurrencies soon.

What happen to the TON? telegram secret ICO was ended? said by these speculators did you hear something about this from the official telegram team? none because it was just all rumours what funny is these people are spreading rumours which are unrealiable,did you know something about the SECRET ICO of telegram? what? SECRET ICO?  there are no such thing because all ICOs are in public.

This result shows that half of Amazon customers are against the idea ( and I think this category should not be negligible ) .
For me I think there is no necessity for such shopping coin since Amazon is a centralised company , or if they want to use crypto , they can use either BTC or any other altcoin.

Dont expect too much you should do your own research so that you wont be baited with these fake news and rumours,did you here anything from the TON ' aka secret ICO? which has been around for about months? did you expect telegram is doing a secret ICO which would be so unfair for the small people if ever it happened? you shouldnt be expecting from news especially when it came from unreliable sources because anyone can write a blog with FUDs and speculations.

No,it wont happen these news are just speculations just like what TON or telegram open network is,just rumours spreading it might be used to some scams from these greedy people,getting too much news can give you baseless speculations so i suggest do your thing,do your own research fact findings would save your time and effort.

It will not going to happen,it is just speculations from these people who are spreading FUDs,because it would be use to scam people just like what happened to the TON airdrop which you can receive TON tokens,but you can purchase more airdrops from these scammers,they would steal your money and give you shit tokens,that is why it is called TON secret ICO.  ;D

yeah, that could be helpful to users.

Yes, Amazon accepting Bitcoins (if they) would be great.

I think this is just a poll, because amazon launched their own encryption currency could face legal problems from all countries, so I think they will try to avoid the happening of this kind of thing.

Another giant corporation wanting to cash in on the crypto profit.  ::)

Expecting this to be some corporate-centralized-style coin.

I could see them accepting cryptocurrencies in the future, but with so many regulations for crypto in the US, it would be complicated for them to launch an ICO (though they might not have the need to go the ICO way and could do a direct launch ... though I would be happy to invest in their ICO).

For several years people talking about amazon crypto coin and Alibaba coin (Tron??) and this will continue to grow.
They know how they will grow their business with using crypto coins.
As all we know we are just in the beginning of new economy and new money. Get ready for huge activities on crypto coins.

if they make their own crypto just think of the impact it will have on the crypto world another giant getting in on the action

Hopefully not. ;D

I can't see it being anything good or useful, other than a cash grab by amazon.

If this occurs it will be the biggest ICO with giant hard cap :) Considering Telegram ICO with hard cap 850 million $ +Amazon has much more resources

Why would they face legal problems? I think it's certainly doable, a lot of bureaucratic and legal potential problems and work but still doable. It's amazon we're talking about.

I hope this news will be officially recognized. If there is no official approval, this is probably a rumor. There are many false news that many platforms do not promote ICO.

I do not believe this.

Amazon want launch own bank.

I heard that in the near future we will have a very good opportunity. Amazon is going to integrate the opportunity to pay for goods with crypto-currencies, it seems to me that this is a very wonderful opportunity. The world begins legalization of the crypto currency

This has been a rumor since last year. Maybe they are trying to give their customers some excitement but they won't really adopt crypto. If they will make their own coin, it will be centralized and it can be of value that is static and no movement.
Yeah they want to be like that too.
Amazon wants to be your bank too? (http://money.cnn.com/2018/03/05/investing/amazon-jpmorgan-chase-banks-checking-accounts/index.html)

I think is more realistic that we will see somewhere in the future Amazon's implementation of blockchain but it would be some combination of centralization/decentralization... it would be a good fit for them to have child chain with Plasma when ethereum devs implement it

This could turn out really cool!

It wont matter. Most of the buyers will still be the ones who live in USA.
It is like they just created a coin and will have no usage at all but just change your USD to an online one.
Used for buying items in Amazon that will just make it confusing when trying to convert USD with the Amazon coin.

I would rather let it stay the same way or else they are risking to lose some customers instead of adding more.

If Amazon comes in to the crypto market then it is a positive note but I doubt that this is not the real news and this should be a false one. Amazon is a giant in retail industry and known for its innovation, if this company wants to start a coin it will be a big news spread everywhere in the media, I don't think there's any news coming in like that. Just ignore this news as of now.

I've ordered plenty of goods from amazon and it accept overseas shipping, basically not only USA but they serve USA customers ahead anyone else I guess, just see how they differentiate the website specialised for U.S people and outside U.S.
However if amazon do release an amazon coin, you will not going to have a hard time with all those issues you mentioned, it's like they will make their own payment gateway.

I'm not sure amazon will make crypto, most likely is the survey. but how the survey works and the interest of people to use amazon coins. there are several possibilities, but at this point the choice people will be more interested in other crypto that has been there before.

It will be great for amazon to have their own coins, it will be very easy to purchase from them like this.

Now I have problem as the credit cards are not working.

Well, I think that Amazon liked the resonance gained with Refereum (with Twitch) and now is thinking about its own coin. That should bring some interesting news I suppose, obviously in its shop, we’ll be able to buy everything from it. I don’t think that will be a opening to others cryptos though, Amazon is still a company and want to keep its own space, like they did with Kindle’s ebook, you can’t open them without their proprietary reader.
I’m ready to welcome Amazon in this business, should be a nice thing.

I think Amazon will create an Amazon Coin. People will be able to buy it pseudo-anonymously with Amazon gift cards or anywhere cryptocurrencies are traded.

No you wont ,because it is just a fake news like what the telegram ICO is a purely speculations from few people who wants to hype the market,so that most of the new investors will join without hestitations.Do expect with these spreading news about those big companies this is funny because few days ago there are some speculations from the Uber,Starbucks,BMW,and now amazon? well we shouldnt be suprised when youtube and friendster will join our community  ::)

That is what I think will happen in the future. As the number one e-commerce company in the world, Amazon will not overlook its opportunity in the cryptocurrency market, as many other corporations have accepted crypto. I believe that the Amazon coin will really create tremendous success with their potential.

I think if Amazon really creates its cryptocurrency, then this will be one of the most successful projects of all time.

This is a formidable bullshit. I was really bored this fake news. If you really believe this, I think you should stop following these cryptocurrency exchanges. This business isn't for you. It's a rubbish news from me. God is preparing to release new cryptocurrency to benefit from this decentralized and blockchain technology. They are Godcoin and Sincoin.

If this happens and Amazon creates a coin it will be fine. I think that such a coin will be very promising and the price will grow for sure. It will make the crypto market much more popular.

Probably Amazon will soon release their coin. But this will be a central coin. So I do not know how much interest it attracts. But it is still nice to step into the crypto ecosystem of big companys.

Amazon have been working over 10 years loosing money. And they were funding themselves only from the stock exchange.
I see no reason for their crypto coin other than pure speculation.

Small sample size, essentially meaningless poll taken. Just because they create a crypto won't make it successful. I personally hate all centralized coins and if they come out with one I will hate it, unless they find a way to make it fair, decentralized, and secure.

I think it's doubtful they will get their own currency, but they might use the blockchain for certain things.  And more likely they will begin accepting crypto for payments in the future.

I actually think Amazon has the clout necessary to pull off such a thing on a wide scale, perhaps not as their sole payment system, but definitely as an accessory system, such as a replacement for their gift card and gift balance system. If this actually happened, I would be a day one investor, as Amazon takes over every market they enter.

Pretty interesting news, but I'm inclined to think that this is just a poll, and now they will not create their cryptocurrency.

I am afraid we wont see that,because amazon wont be making any coin this is just another fake news and speculations from few market manipulators,you shouldnt be expecting these projects because they are just hoax just like the TON or telegram open network did you hear something from telegram?none because they dont plan to do an ICO.

This is ridiculous another big brand that will create their own cryptocurrency,suspectedly those people who are spreading these news are the ones who did spread the TON fake secret ICO which solicited millions of money from the noob investors,you should be all vigillant because these greedy people wont stop from stealing your investments.

it will not happen only in Amazon only
even later there will be Google Coin, USD Coin, SGD Coin and all countries will adopt blockchain technology for their respective country currencies
with a more stable price, 1: 1 with the corresponding currency

I would love if Amazon will do this. Being a huge company which its main functionality and ecosystem is in the internet, I would love that it will venture as well in Cryptocurrency to serve it clients more widely. Good luck. :)

If amazon release their own coin it will be one of the biggest ICOs in history, even more so than the telegram ICO. I for one would be investing everything! All in for amazon coin, if the price rises i could buy stuff for free - even make money and get free stuff on top!

This is another FUD so dont expect too much from these speculations,what happened to the TON or telegram ICO? TG doesnt have any ICOs which clearly these news came from the same people who wants to scam a lot of people doing fake ICOs,secret ICOs ? sounds like a scam from the first i have heard these news.

I read that, and I don't know. That would be a huge hit for them, so who knows. They are aware of the crypto mania, and people are ready to jump on anything that has a blockchain behind it, and there is a huge hype around the blockchain revolution. So if a big name like amazon, or facebook decide to create their own coin, everyone will go crazy about it, because they have the technology hype, backed by a trusted company, so it will be huge and it would give them a lot of profit.

I hope it well, Because if they accepted in crypto as payment maybe it was easy for us to pay on them. Actually if they accept a crypto in the amazon maybe they earn also some profit from but they need to hold it cause sometimes the crypto will going down and also up.

it can be since amazon is a leading online shop they should have to adapt in the trend and not only the trend but they need also to supply the convenient way of payment of their customer , since bitcoin gain a huge popularity amazon should be part of it .

Bet they do. Just think only top coins will rise in value, most coins will die or keeping a low value.

I think this is a bad news, because it will be a competitor to bitcoin, Amazon is a big company that accepts payments through online, so the chances of bitcoin to be accepted by amazon as payment for their product will go back to zero if they would create their own currency. Amazon coins would not be fully sucessful compared to btc because their company was centralized..

Amazon is a leader in the Retail field..Forbes stated that Bezos is the richest man of the world at the moment...and the secret of Amazon success is that they always try to do anything by themselves for themselves..indeed i have heard that Bezos is planning to start its own shipping company to help Amazon shipments to be more reliable and efficient...if i now think about Amazon adopting cryptocurrencies in the future i can tell that they will do it for sure and like always the will use their own Amazon coin...but i am not sure if this will happen in the very next future.

Being a leader in online retailing, the store ranks first. Any beginning of reception Amazon'om kriptovaljuty, for certain will provoke a huge splash in support.
One of the reasons Amazon can avoid the introduction of crypto currency is the limited transaction speed. Take a look at the two main features of the crypto currency:
Bitcoin: 7 transactions per second.
Ethereum: 15 transactions per second.
Amazon peaked at 600 transactions per second, during last year's sale. If even a part of their users decided to pay using crypto currency, in the long run, consumers would be stuck waiting for the transactions to be completed. The technical giant is not alien to innovative solutions. Bitcoin and Ethereum are currently too slow to support Amazon requirements, but other cryptovariants are not. Altcoin called "ripple" will provide speeds of up to 1500 transactions per second.

With the rapid speed at which people are getting into ICO.
The whole globe are moving into and therefore adopting the change. So I see Amazon trying to adopt this change soon

That really sounds impossible. I'm pretty sure that Amazon will not taking the risk of building their own crypto currency that will affect their credibility and service level in terms of online shopping. They might be abuse by many if the issue is their own altcoins. We also have to keep in mind that scammers and fraudulent activity makers are now an online shoppers.

I don't know how they are going to run that but I agree with you they are a centralized company and they want to control everything within their business, but with cryptocurrency they are not going to be in charged or control everything if they decide to go decentralized cryptocurrency

I don't think it will compete Bitcoin from any possible corner, I guess it will be another crypto that would get much more popular than other altcoins for Amazon's backup. but Bitcoin will remain the god of cryptos.

Yes, maybe saw that stopping is necessary , programmers and platform for trading, and all that they have

If amazon issues its own digital encryption currency, the development of its e-commerce is a very favorable opinion!

There are a lot of amazon users in the world. If you use your own digital encryption currency on amazon shopping, it will be very helpful for the promotion of amazon digital encryption currency!

One of main ideas of cryptocurrencies is creation of a decentralized world without state regulators and large financial corporations. Why do we need a centralized amazon-coin. I have no desire to fatten the richest billionaire's pockets.

Many companies tend now to use blockchain technologies, plus it is a good way to cheat on taxes. So I think for Amazon it could be an interesting project.

Amazon have powerful system support by expert team and have huge money, nothing impossible even I believe Amazon not interesting with crypto. I heard this company has issue right now and must find solution before too late, if I'm not wrong about fake buyer to increase seller product preview. Finish their problem is more important than crypto, I think Amazon will not crate their own crypto.

I think it would be great for Amazon to have its own coin, or partner with a company like PayPal to move to a more decentralized infrastructure. 51.7% isn't an overwhelming majority by any means but its interesting to know that (assuming this poll was accurate, no bias) half of the people asked were interested. I also believe that if a company like Amazon would adopt and accept blockchain tech, main street users might become more enthusiastic about it as well.

it seems amazon step to create a payment method using cryptocurrency proves that blockchain technology has been seen by amazon founder and it is certain this could slightly affect the price of cryptocurrency because buyers can use bitcoin and exchange artificial cryptocurrency amazon to make payment.