Is this Amazon's blockchain killer?

[kurcalas]

I've been following OpenBazaar for a while now and I just encountered this article today: https://cryptotradernews.com/cryptocurrency/can-openbazaar-replace-amazon/


I understand that Amazon is literally one of the top 3 companies in the world. Nothing can bring them down as of right now. But if crypto were to go mainstream... Do you guys see Openbazaar competing against them? Maybe even taking them down?

I don't think so. When the time comes, Amazon will be the one that uses the blockchain and the company that supports it the most.

[1715266628]

1715266628

[1715266628]

1715266628

[Mrsparks]

Although I know little about openbazaar I sincerely see no likelihood that it would overtake amazon.. Amazon has shown flexibility in their operations over the years ,in their bid to adapt to the emerging market of crypto ,am sure they are already working out something  that will outsmart openbazaar.

[shinharu10282016]

I think that  will not be the case. Amazon can grow along with blockchain. Maybe they can implement it as well. But the thing we should be concerned about is if Amazon is willing to do so.

[playboy654]

In some way I really agree with you because if the companies like Amazon will really ready to accept cryptocurrency as a payment method then lots of changes will definitely happen in this field so I think they are not make a consider about involving in Crypto field.

[BlackFor3st]

There is a big chance that Amazon will take their move especially if they smell something that can affect their sales. Their team is very wide and I am pretty sure that they make a move before they will be replace or have a big competition from other company especially Openbazaar.

Most likely they will change their moves like they will adapt the crypto environment someday in order to avoid this kind of scenario. Though I didn't know what they are thinking right now but I guess they are already debating the acceptance of crypto currency.

[redsun114]

I've been following OpenBazaar for a while now and I just encountered this article today: https://cryptotradernews.com/cryptocurrency/can-openbazaar-replace-amazon/


I understand that Amazon is literally one of the top 3 companies in the world. Nothing can bring them down as of right now. But if crypto were to go mainstream... Do you guys see Openbazaar competing against them? Maybe even taking them down?

Well the answer would be in two ways, if amazon doesn't adopt crypto and we begin to see the economic crisis in the world, then it is possible that a blockchain platform that offers same services as amazon will now become even more popular than amazon itself, though for the companies to be one of the biggest the world have seen so far, then I know that they would be smart enough to adopt crypto in their system quickly before the crisis. I know that they are already working on it currently but have not yet made it open to the world for now until the right time.

[mannybitcoins]

It is unlikely that we will see the death of the Amazon in the near future. However, I think that this is possible if cryptocurrencies become even more popular, and Amazon does not have time to implement them in its platform in time. Also, if OpenBazaar or similar platforms can offer people a better crypto product than Amazon, there is a chance that Amazon’s monopoly will be destroyed, at least in part. I would like to see something like this someday.

[jademaxsuy]

It is unlikely that we will see the death of the Amazon in the near future. However, I think that this is possible if cryptocurrencies become even more popular, and Amazon does not have time to implement them in its platform in time. Also, if OpenBazaar or similar platforms can offer people a better crypto product than Amazon, there is a chance that Amazon’s monopoly will be destroyed, at least in part. I would like to see something like this someday.

As the cryptocurrency grows and as OP expected that it could happen to go mainstream together with the amazon is not possible. There will be mo destruction going to take place for amazon though it will be a competition. Remember that the world is huge and has avast clients to cater with so there is nothing wrong when there will be another company competing the world's known market.

[pieppiep]

When a team has a lot of money. No problem eliminate competitors. Everybody knows it. So it will be almost impossible to compete with them. The same is when the FB will create its own currency.

competitors will always be wherever you are, and my advice is that you better beat your competition in a good way, don't make yourself lose because of unhealthy competition. or we as traders can take advantage of this good news to seek profits because usually the price of coins will go up when there is competition like this.

[SaRmY]

  It does not matter who first goes to the blockchain and cryptocurrency. Important quality and features. The cryptocurrency community today still has not too many followers on this one can not rush. So everything will be fine with Amazon.

[CryptoNurse]

It would take VERY DEEP pockets and amazing execution to dethrone Amazon.