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Disclaimer
I am not a financial advisor
This is for educational and entertainment only
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Earlier today I say a headline that says Amazon is hinting at looking into crypto. That made me think about how that could affect the market and drive prices like when Musk makes his tweets. I'm thinking that this could be a huge potential. Amazon is the largest online retailer for the U.S. According to fortune.com they have posted a job opening for a "Digital Currency and Blockchain Product Lead." This is after they rumors spread that they were starting the base for a digital currency to use on its marketplace. Amazon is definitely a leader in innovation and growing their lead against their competitors. In 2013 they launched their own in house coin "Amazon Coins" and in 2017 bout three cryptocurrency addresses.
A spokesperson for amazon said that they are inspired by the innovation in the cryptocurrency space and want to explore what this could do on Amazon. Amazon believes the future will be built on fast, inexpensive payments and they hope to bring that to them.
Other companies have also been looking into or backing cryptocurrencies such as Apple and Facebook. With companies and countries looking to build on blockchains and cryptos, who knows what the future will bring and the effect it will have on the markets...
If you want to read more of the full story the links are below. I just wanted to help spread the possibly great news.
Thanks for stopping by and best of luck in the markets!!!
