Amazon has bought a trio of domain names related to cryptocurrencies and blockchain technology amidst rumors it will soon accept Bitcoin. That said, it's unclear if this is a precursor to the retailer accepting cryptocurrencies, or revealing its own
THE BEGINNING OF AMAZON CRYPTOCURRENCY?
Last month, a rumor began circulating that suggested Amazon would soon announce plans to begin accepting bitcoin. The retailer still hasn’t made any such announcements, but recent domain purchases may signify the start of their cryptocurrency plans.
Domain Name Wire (DNW) reports that three domains were registered this week that are related to blockchain technology and cryptocurrencies: amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com. Initially, one may think the retailer is preparing to reveal something related to Ethereum and Ether tokens, or that it’s about to launch its own crytocurrency.
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IN BRIEF
Amazon has bought a trio of domain names related to cryptocurrencies and blockchain technology amidst rumors it will soon accept Bitcoin. That said, it's unclear if this is a precursor to the retailer accepting cryptocurrencies, or revealing its own.
THE BEGINNING OF AMAZON CRYPTOCURRENCY?
Last month, a rumor began circulating that suggested Amazon would soon announce plans to begin accepting bitcoin. The retailer still hasn’t made any such announcements, but recent domain purchases may signify the start of their cryptocurrency plans.
Domain Name Wire (DNW) reports that three domains were registered this week that are related to blockchain technology and cryptocurrencies: amazoncryptocurrencies.com, amazoncryptocurrency.com and amazonethereum.com. Initially, one may think the retailer is preparing to reveal something related to Ethereum and Ether tokens, or that it’s about to launch its own crytocurrency.
CoinDesk notes the new domains are tied to Amazon’s subsidiary company Amazon Technologies, Inc; phone numbers listed on the registration are associated with the company’s legal department. This means Amazon may just want to own the domains in order to cover its brand, or so it’ll have the domains ready in the event it ever decides to incorporate blockchain technology and cryptocurrencies into its business. It could also be a move made to further distance Amazon Coins from cryptocurrencies.