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Yes, Amazon is considering Cryptocurrency but not Bitcoin. Bitcoin is decentralized and not regulated, whereas alt-currencies / "alt-coins" like Ripple are cen
by justboxing 9y ago
Yes, Amazon is considering Cryptocurrency but not Bitcoin.
Bitcoin is decentralized and not regulated, whereas alt-currencies / "alt-coins" like Ripple are centralized and regulated by the Company and several Banks including Amex, non-profits like Gates Foundation, have come on board and use Ripple for Liquidity and speed and lowered costs ( no-need to maintain Nostro, Vostro accounts in FIAT currencies) in international markets.
From a Ripple presentation slide from a while back, it looks like Amazon, AirBnB and Uber are all looking to alt-currencies like Ripple (which has seen the widest adoption so far in this space).
> But because it allows globally distributed companies like Airbnb, Amazon and Uber to move money from all their various locations to their appropriate bank accounts. Clearly, this will save time and money compared to the current modus operandi.
Source: https://oracletimes.com/does-ripple-xrp-latest-price-move-have-anything-to-do-with-airbnb-amazon-and-uber/ https://oracletimes.com/does-ripple-xrp-latest-price-move-ha...
[ Also, it's somewhat shortsighted on OP's part to look at domain name registrations and come to a conclusion. Big companies like Amazon, Facebook pre-emptively register 100s of domains on combinations of their brand name and new tech solution to avoid confusion / fraud ]
- amalag 9y agoAgree with you on Ripple's potential but I wouldn't read too much into that slide. Those companies were on the slide as an example use case. I don't think it meant any official buy in.
- loceng 9y agoIs Ripple a competitor to WeTransfer - they sound like they are attempting to do the same thing?