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Binance CEO: Amazon will have its own cryptocurrency 

February 7, 2019 By Crypto Reporter

The biggest online retailer sooner or later will launch its own digital money, believes Changpeng Zhao, CEO of Binance.

The biggest online retailer, Amazon, will introduce its cryptocurrency sooner or later, believes Changpeng Zhao (CZ), Binance CEO. According to CZ, internet companies need digital money. 

“For any internet (non-physical) based business, I don’t understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more diverse demographic and geography,” wrote CZ in his Twitter account. 

Earlier, JP Morgan analysts raised doubt about the possibility of using cryptocurrency as means of payment for goods and services. The company was unable to identify any major retailer that accepted digital currency in 2018. 

More news:

  • Binance launches $1 billion fund to accelerate Binance Smart Chain adoption
    Binance launches $1 billion fund to accelerate Binance Smart Chain adoption
    October 15, 2021
  • Amazon explores the NFT-platform idea
    Amazon explores the NFT-platform idea
    February 9, 2023
  • Only 3% of users left Binance after mandatory KYC
    Only 3% of users left Binance after mandatory KYC
    November 18, 2021
  • Binance will no longer support stock tokens
    Binance will no longer support stock tokens
    July 19, 2021
  • Dutch regulator issues a warning against Binance
    Dutch regulator issues a warning against Binance
    August 20, 2021
  • Binance gets regulatory approvals from Bahrain and Canada
    Binance gets regulatory approvals from Bahrain and Canada
    December 29, 2021

Filed Under: General News, News Tagged With: Amazon, Changpeng Zhao, cryptocurrency, news

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