Finance Inquirer
No Result
View All Result
Saturday, May 10, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Technology

Is Amazon planning to launch its own cryptocurrency?

Tom Hagler by Tom Hagler
30.11.2021
in Technology
Is Amazon planning to launch its own cryptocurrency?
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Image: AFP/David Becker via ETX Studio

The biggest players in new technologies are getting into the cryptocurrency scene. Tesla has invested $1.5 billion in Bitcoin, which has just reached new heights, at close to $50,000 per unit, while Facebook has tried, but unsuccessfully for now, to launch its own digital currency.

According to several American media outlets, it may soon be Amazon’s turn to enter the game. The rumor was born after the company posted several job offers looking for specialists in new payment methods. One of them is about the “launch [of] a new payment product starting with Mexico as our initial launch country. This product will enable customers to convert their cash in to digital currency using which customers can enjoy online services including shopping for goods and/or services like Prime Video.”

The idea would therefore be to convert its currency into a new digital currency in order to benefit from exclusive services. Mexico could serve as a laboratory for this new payment method, which could then be extended to other emerging countries.

In fact, Amazon has already launched a first virtual currency back in 2013. Since then, the Amazon Coin is limited to small transactions, on games and applications in order to benefit from additional content, on one’s smartphone or Kindle Fire tablet.
TECHNOLOGY

TECHNOLOGY

TECHNOLOGY

Whether it consists of a genuine new innovation or a simple update of the Amazon Coin remains to be seen and for the moment it is absolutely not official. However, launching its own means of payment could allow the brand to facilitate access to its entire ecosystem. For consumers, this could allow them to buy exclusive content. JB

RELATED STORIES:

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

US Event: Pharma Partnering US Summit 2025

US Event: Pharma Partnering US Summit 2025

09.05.2025
Knocknock Launches Mobile App for Realtors and Unveils Global Platform Ambitions

Knocknock Launches Mobile App for Realtors and Unveils Global Platform Ambitions

25.04.2025
Biomedical Library offers 24-h Document Delivery Services

Biomedical Library offers 24-h Document Delivery Services

15.04.2025
EricMalley.com Explores AI and the Human Experience: Insights from Visionaries Sam Altman, Elon Musk, and Andrew Ng on Its Impact on Individuals, Families, and Work

EricMalley.com Explores AI and the Human Experience: Insights from Visionaries Sam Altman, Elon Musk, and Andrew Ng on Its Impact on Individuals, Families, and Work

14.04.2025

Recent News

US Event: Pharma Partnering US Summit 2025

US Event: Pharma Partnering US Summit 2025

09.05.2025
Knocknock Launches Mobile App for Realtors and Unveils Global Platform Ambitions

Knocknock Launches Mobile App for Realtors and Unveils Global Platform Ambitions

25.04.2025

Categories

  • Business
  • Finance
  • News
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In