My1sttoday: Bitcoin could hit ‘$70,000′ as Jeff Bezos explores Amazon payments in Cryptocurrency.
One of the world valuable company is now seeking to hire a cryptocurrency expert for implementing payment with Cryptocurrency. A spokesperson for Bezos’ company, which has a market capitalisation of $1.6 trillion, said: “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments.
“We hope to bring that future to Amazon customers as soon as possible.”
If the world’s fourth-largest company opens up its worldwide marketplace to cryptocurrency transactions the value of Bitcoin and Ethereum could escalate.
Speaking to Express.co.uk Greg Waisman, co-founder and COO at the global payment network Mercuryo, said: “Tesla’s initial announcement of accepting Bitcoin for its products helped contribute to taking Bitcoin to its all-time high in the second quarter of the year.
“Should this impact be replicated when Amazon fully embraces crypto payments, we can begin to see a rejuvenation from the current sell-offs, and growth towards new price levels that we’ve not seen in months.
“A top of $70,000 on a bear case instance and a $100,000 top cannot be ruled out by the end of this year, should Amazon make good on its promises before year-end.” Currently, Amazon does not accept cryptocurrencies as payment but a recent job posting by the company shows that this could soon change.
Amazon’s payments acceptance and experience team is now on the hunt for an “experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”. The company added that the position will “leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.
“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon.”
Apart from Bitcoin, a candidate cryptocurrency for making transactions on Amazon could be Vechain.
In July the Vechain Foundation announced a partnership with Shopping.io, an online platform that has been integrating crypto payments into e-commerce. Since the beginning of July consumers can use Vechain tokens to purchase at Amazon, eBay, Walmart, and Etsy via Shopping.io.
“This is what Elon Musk’s Tesla has done this year, and what major Wall Street firms are looking to incorporate. However, Amazon as one of the most valuable companies in the world will help raise the bar as the firm has millions of customers who will help spread the crypto payment integration endeavour. “The impact of this will be resounding as it will drive the adoption of Bitcoin, and other altcoins to a whole new horizon.”
Apple has also hinted that they are broaching the idea of accepting payments in cryptocurrency.
The company headed by Tim Cook is now looking for a lead negotiator to strike partnerships with “alternative payments” partners.
Yes of course bully period is on its way…