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Imran232 (OP)
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July 23, 2021, 06:03:43 PM
 #1

There are 2 announcement for digital currency or blockchain based users from amazon.

1: Amazon might be accept bitcoin as a payment method or maybe their digitak currency would be as a payment method.

2: Amazon is going to hire blockchain expert employees for their digital payment system.

Both news  source: 1: TrustNodes blog
2: Official Amazon Job Announcement.

What do you think guys how much posetive effect this news gives us on bitcoin
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July 23, 2021, 06:11:31 PM
Merited by NeuroticFish (2)
 #2

Let me debunk this right now before it balloons through the rest of the thread and say I wouldn't bet on Amazon setting up crypto payments for Amazon.com.

One is false, the source says they want to develop "digital currency solutions" which is very different from saying that Amazon wants to accept BTC or any other altcoin as a payment method for their store.

The second news is not a big deal because their subsidiary (AWS) already employs a ton of blockchain developers for their "managed blockchain" service.

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MinoRaiola
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July 23, 2021, 06:15:26 PM
 #3

1: Amazon might be accept bitcoin as a payment method or maybe their digitak currency would be as a payment method.

For those who don't know, Amazon secured domains several years ago. So the topic was or is now certainly already discussed. I am sure that it was already a topic of discussion in several meetings. And as an innovative company, you have to deal with crypto. Domains: amazonethereum.com, amazoncryptocurrency.com, amazonbitcoin.com and, amazoncryptocurrencies.com. I think it's a matter of time before acceptance for cryptocurrencies is made official.

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Imran232 (OP)
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July 23, 2021, 06:23:42 PM
 #4

Let me debunk this right now before it balloons through the rest of the thread and say I wouldn't bet on Amazon setting up crypto payments for Amazon.com.

One is false, the source says they want to develop "digital currency solutions" which is very different from saying that Amazon wants to accept BTC or any other altcoin as a payment method for their store.

Thank you soo much for your clarification actually i was also in a little bit doubt but i saw this news so i thought if i need to be clear about that then i should post it on forum. So those who knows better he might clear the thing and you done it thanks sir.

Quote

The second news is not a big deal because their subsidiary (AWS) already employs a ton of blockchain developers for their "managed blockchain" service.

Yeah it should be. But who know if someone gets a chance to work for amazon. Its a news that i share.

..............

For those who don't know,............

Well thanks for the news. I also didn't but because of your clarification i have got a little more clear idea. Thanks
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July 23, 2021, 06:24:28 PM
 #5

For those who don't know, Amazon secured domains several years ago. So the topic was or is now certainly already discussed.

Domains: amazonethereum.com, amazoncryptocurrency.com, amazonbitcoin.com and, amazoncryptocurrencies.com.

They did that so that scammers can't register those domains to run a fake "Free amazon giveaway" or "free Jeff Bezos giveaway" and scam people using their name.

No company registers these types of domains to accept crypto payments, they do that on the main site!

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July 23, 2021, 06:31:20 PM
 #6

They are probably looking for both improving their internal processes by utilizing the blockchain technology AND start accepting cryptocurrencies. I think the latter would be a catalyst for a jump in Bitcoin's price. And the integration of blockchain tech like for eg. the tracking of products in the supply chain(s) would be another proof/vouch from a behemoth company that blockchain tech is here to stay and change the world.
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July 23, 2021, 06:43:44 PM
 #7

They did that so that scammers can't register those domains to run a fake "Free amazon giveaway" or "free Jeff Bezos giveaway" and scam people using their name.

No company registers these types of domains to accept crypto payments, they do that on the main site!

So you can see this action, but there are so many domain extensions (.io,.xxx,.info,.ae,.bit, and many more), securing all of them is only possible in theory. Just by owning the domains, it will come up every now and then. So it will be a topic of discussion. That the acceptance only on the main page makes sense and is possible, i think so too.  

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July 24, 2021, 02:43:12 AM
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https://bitcoinmagazine.com/business/amazon-bitcoin-payment-product-lead

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July 24, 2021, 02:53:06 AM
 #9

I don't think they understand encryption, all they have done is to turn it into such a complicated problem. This is still where I don't like to use BTC as a currency.
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July 24, 2021, 03:05:22 AM
 #10

If they go for bitcoin or make the payment contain more than one cryptocurrency, I would say that we will be able to see a really big movement in the market since Amazon is a global brand and I don't think that we are going to expect something small when this happens. The blockchain is going to be bloody but fruitful at the same time because that big of an infrastructure is going to take a lot of time to develop.
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July 24, 2021, 03:36:23 AM
 #11

We should accept cryptocurrency as actual currency to avoid taxation. Therefore, if you use Bitcoin to pay a large company like Amazon, you will have to pay taxes on the realized gains.
Amazon's recruitment of blockchain professionals marks a decisive change for the company. Its products and services will be ubiquitous online, but it is not clear whether the implementation of this program will involve the use of the Lightning Network.
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