RUMORS, RUMORS & MORE RUMORS. Will Amazon form a cryptocurrency exchange? Thoughts like these have been popping up for a while now since Overstock (T0) is doing it and it kind of makes sense for Amazon to jump in (yeah, really). Obviously should Amazon decide to form a crypto exchange it would be extremely bullish for Bitcoin (bye bye shorts) and put Amazon in a huge competitive position to accept cryptocurrencies. Hey, maybe Jeff Bazos was the mystery $400M Bitcoin buyer a week or so ago (see, I can plant rumor seeds too). True or not, its a fast paced world with NOTHING out of the question.
(Bill Taylor/Managing Editor)
There are a lot of interest in Amazon and Cryptocurrency words together. People are wondering what will be the move of Amazon with buying domains. Is Amazon (AMZN) Gearing Up for a Cryptocurrency Exchange? In an article, ValueWalk.com reporter Maj Soueidan suggests Amazon (NASDAQ: AMZN) could be “gearing up for cryptocurrency exchanges” following reports the company has registered names related to cryptocurrencies. The domans include: amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com…
…As per different records over the web, it is now known that Amazon, the e-commerce giant, has registered 3 web domains which are related to cryptocurrency. This has resulted in speculations that the company may have plans to enter this market space. It may however be noted that currently no one is clear about the main purpose and use of the newly registered domain names by Amazon.
The three domain names that were registered on October 31 by the e-commerce company are ‘amazoncryptocurrency.com,’ ‘amazonethereum.com,’ and ‘amazoncryptocurrencies.com.’ The information provided on the registration documents, such as the phone numbers, etc., belong to the legal department of Amazon. However, no representative from the legal office has made any statements to the press about this registration, as yet.
The newly registered web domains are connected to a subsidiary company of Amazon.com, Inc., namely, Amazon Technologies, Inc. In the past, this subsidiary has mainly been involved with filings of patents by the parent company. The subsidiary company is headquartered in Sao Paulo, Brazil and specializes in logistics, computer, and software systems; conducting techno-economic and environmental viability studies; and procuring engineering works and projects. DomainNameWire, the trade and industry news site, was the first publication to report on these new registrations by Amazon…”