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What value do BezoBucks add in this scenario? They can already convert USD to other currencies to pay their vendors. Just like Facebook's cryptocurrency it's ju

• dontblink 5y ago
  Hedge against the dollar backed by commodities effectively. Imagine if the dollar fluctuated widely (say because of inflation) but BezosBucks does not. Your buying power stays the same (while BezosBucks becomes more expensive to buy into over time).
• toast0 5y ago
  Well if I'm a small Amazon merchant, like maybe I just sell my used books, and I'm an Amazon customer too, if Amazon could send me $100 for my monthly sales, and I'm planning to spend $101 on Amazon this month anyway... If they send me 101 Bezobucks instead, I'm happy because they gave me $101 of value; they're happy because for that $101 purchase, they got $100 value; if I paid with a rewards credit card, they would probably get $98-$99. Why it would need to be a cryptocoin thing instead of just a gift card/credit, I don't know. Cryptocoins are hot for reasons that don't resonate with me. Maybe some way around gift card laws, and if they can back into foreign remittances without needing a money transmital license, it could be useful.