is Amazon Coming in Crypto Space?

in hive-175254 •  2 months ago 

Crypto prices are now up and once again we can see the positive sentiments in the crypto market. last week when there was quite a big drop in the prices that time many people were saying that bitcoin is moving towards its 20k USD mark. To be honest, if bitcoin reaches the 20k mark then I think this would be the best opportunity but I know that many institutions have purchased bitcoin for more than 20k USD so they would not let it happen easily.

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There are institutional investors in the crypto market now and we can expect something great in long run but again we have to understand that news plays an important role in this space. Crypto is not for the people who want to become rich overnight because everything needs time to grow and crypto is not an exception. Maybe sometimes few people get easy money here but it does not always happen however thorough research and investment, in the long run, bring a good amount of return.

Amazon may soon allow users to pay in Bitcoin and other cryptocurrencies. The global e-commerce giant is looking for a digital currency and blockchain product head for its payments team, Amazon’s latest job postings suggested."The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap," the e-commerce platform said in a hiring post.

While going through news updates I got the news that Amazon is exploring the options to see how can they accept crypto on their platform. I am not sure whether its true or not because there are such updates from amazon but anything can happen here and based on the history I agree with the fact that this could a possibility. If amazon provides this option then for sure I can see the crypto community growing even more and amazon is known as a technology-centric company so it will not be a surprise to see them adding crypto as a payment option. Amazon is a big company that operates in so many countries on a trial basis if they choose to start with just 10% of the countries they are present then I think that this will be huge since there will be millions of users getting onboarded in the crypto space.

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We need to believe in crypto and its segment that is opening doors of opportunity to everyone across the world so natter how the price behaves in short term, it should not be a problem at all. The entry of some big names will bring more power to crypto and I am looking forward to having more big giant entries.

Thank you so much

Stay Safe

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As always companies that know, looking to adapt to the future, it is well known the future of crypto and how some companies are adapting to receive, this is great news for everyone globally from Venezuela as a country that does not have the opportunity e have a credit card in dollars, with my ciptos I can buy with any other crypto they accept.

Hello @reeta0119, It would be very important to see large companies join the blockchain world, maybe I am too optimistic but the question is not who, but when, because I think everyone will want to get on the cryptocurrency bus either by making their own or investing in others.

It will be a great thing to see top companies joining the space, only such news can drive cryptocurrency into another realm. If such companies join their fans and users that are not into cryptocurrency will love to key into it too.

Absolutely and this is indeed great news. thanks for stopping by

Greetings @reeta0119, that would be great news for cryptocurrencies, a platform like Amazon, that accepts payment in cryptocurrencies, will attract endless investors to the blockchain, as Amazon would generate much confidence to users who still do not know this world, thanks for sharing this good news.

amazon is global brand and having them in crypto space will bring millions of new people which will be great indeed.

As per my thinking all the big companies are sonner or later will be coming into crypto space we all know that Tesla will soon accept Bitcoin as payment the day is near that you will find Amazon and other companies also will accept crypto currency.