One of the crypto industry's most notorious figures has said the online retail monster Amazon can't avoid the issue of releasing its very own altcoin, in a tweet a few days ago.
Talking about the online business more comprehensively, Changpeng Zhao — CEO Binance — said it was less an issue of if, as of when Amazon will issue its own coin.
Amazon has attempted to get into and use forms of blockchain technology before, however it has not taken any considerable mainstream steps towards the space so far.
If amazon was to integrate Bitcoin or Cryptocurrency in general as a payment method through there system we could see a huge surge in demand and use.
The Binance CEO Zhao wrote:
"For any web (non-physical) based business, I don't comprehend why anybody would not acknowledge crypto for instalments. It is simpler, quicker and less expensive to incorporation than customary instalment portals. Less administrative work. Also, achieves increasingly assorted statistic and geology,"
"Amazon should issue a cash at some point or another."
He also in coincidence released this statement on his Twitter near the time Twitters CEO Jack Dorsey spoke and pumped up Bitcoin on Joe Rogans popular podcast.
Jack Dorsey also seems bullish on cryptocurrency as a whole stating that it was something born on the internet.
“It was something that was born on the internet, was developed on the internet, was tested on the internet; it is of the internet,” he said.