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RE: Amazon: The Next Cryptocurrency Giant?!

in #bitcoin7 years ago

As others have also noted, any existing coin that gets accepted by Amazon will have to handle a massive increase in transaction volume. If it chokes on that increase, investors will judge the entire crypto sector quite harshly. That will be a great time to buy more coin.

As for Amazon creating its own coin, what is the use case that would both benefit Amazon's operations and make the coin worth buying?

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Excellent point! If they did create their own coin, what would be the asset behind it? It would have to be used as a "vessel" for investing. And in that form the value would be what the traders make it to be? So, then they may have to resort in using a variety of cryptocurrencies (coins and tokens) in order to handle the massive volume. Something with a high volume. However, that is assuming they would "only" accept crypto as a form of payment which would never happen. So a combination of accepting both fiat and crypto as a form of payment could work.

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