In line with a recent official ‘tweet‘ published, one of the cryptocurrency industry’s well-known figures ‘Changpeng Zhao’ confirmed that he still believes on-line retail ‘Amazon’ cannot avoid offering its own altcoin.
While discussing the web business sector more broadly, Changpeng Zhao — chief operating officer of renowned crypto exchange Binance stated it had been not such a question of if, as of when Amazon might issue its own coin.
The retail giant has made efforts to adopt different forms of blockchain technology within the past, however its relationship with cryptocurrency remains tied to rumors.
Such rumors at times have been seen within the press, including the one that Amazon might integrate Bitcoin [BTC] as a payment method.
“For any web [non-physical] based business, i do not perceive why anyone wouldn’t settle for crypto’s as payments. It’s easier, quicker and cheaper to integration than the standard payment gateways. Less paper-work. And reaches additional numerous demographic and geography,” Zhao while explaining further mentioned in a tweet stating:
“Amazon need to issue a currency sooner or later.”
Zhao revealed his statement the similar week Twitter’s own chief operating officer, Jack Dorsey, ‘repeated‘ his forecast that the web itself will end up employing a default ‘currency‘, specifically Bitcoin [BTC].
Speaking on the Joe Rogan Experience podcast recently on 2nd Feb., Dorsey cautioned that though he couldn’t make sure that Bitcoin [BTC] would ultimately fulfil this role, the major cryptocurrency gave the impression to be the clearest alternative.
Explaining further, he added:
“It was something that was born on the web, was developed on the web, was tested on the web; it’s of the web.”