Amazon in the cryptocurrency game – what does it mean for investors?

One of the largest companies in the world, Amazon is said to be launching its own cryptocurrency. Inc. (Nasdaq: AMZN) registered three cryptocurrency domain names on Oct. 31, 2017:,, and, according to MoneyMorning.

The retail giant has not started accepting any form of Bitcoin or Ethereum, but the rumors about Amazon launching its own cryptocurrency are obviously becoming true, taking into consideration the registered domain names.

Since there are so many regulations coming into reality and Bitcoin under constant fire from heads of central banks, prominent CEOs, and government heads, the launch of Amazon cryptocurrency will be a huge boost for the trust in digital currencies and their “popularity”. The total market capitalization of cryptocurrencies is constantly increasing, with Bitcoin accounting for around more than 50%. The current market cap of cryptocurrencies is $189 billion.

MoneyMorning reported on the Amazon Coin, that was created back in 2013:

“The coin allows Android devices and Kindle tablets to purchase games on Amazon’s app store. The coins operate like gift cards right now, and they can’t be redeemed for cash.” 


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Amazon in the cryptocurrency game - what does it mean for investors?


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