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Amazon is not making a currency. Did you even click the link or read anything?

• unknownsavage 10y ago
  Please review the HN guidelines: https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html > Please don't insinuate that someone hasn't read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that."
• mrb 10y ago
  From a technical viewpoint, Amazon Cash is a private currency, pegged to the USD. The currency is spendable across multiple companies (Amazon, CVS Pharmacy®, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG's Grocery). Amazon can "issue" it by crediting Amazon Cash accounts. Etc. https://en.wikipedia.org/wiki/Private_currency https://en.wikipedia.org/wiki/Private_currency
  • djrogers 10y ago
    No, this is not a private currency - Amazon is not issuing currency, you are depositing US dollars into an account.
    • mrb 10y ago
      You are wrong. Think about it. Tell me what distinguishes Amazon Cash from a private currency.
      • djrogers 10y ago
        It represents literal $USD 100% of the time.