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This has far less utility than AmazonCoin though. The utility of fiat currency is the ability to pay taxes in it. The utility of AmazonCoin would be using it bu
by Thorentis 4y ago
This has far less utility than AmazonCoin though. The utility of fiat currency is the ability to pay taxes in it. The utility of AmazonCoin would be using it buy things from the Amazon store. What utility did Diem offer that other currencies do not already?
My point is that AmazonCoin as a medium of exchange for any kind of goods even off platform, would be a secondary effect. The issue with so many of these crypto projects is that they have no actual utility for anything from Day 1.
Amazon wouldn't even need to make it a crypto. Literally just credits on your account. The extra bit is being able to send those credits between arbitrary accounts.