Amazon is considering accepting cryptocurrency payments in the near future, starting with Bitcoin, following the announcement that the company is looking to hire a digital currency and blockchain head. An insider at Amazon said that the company was looking to accept Bitcoin payments by the end of the year and that other major cryptocurrencies such as Ethereum, Bitcoin Cash, and PI would follow.
Headings:
- Amazon Plans to Accept Cryptocurrency Payments
- Insider Claims that Jeff Bezos Himself Directed Amazon's Crypto Project
- Amazon is Considering Launching its Cryptocurrency
- PI Network is Likely to be Successful
- Pi Network: Strong Support from Stanford University
Insider Claims that Jeff Bezos Himself Directed Amazon's Crypto Project:
According to an insider at Amazon, the directive to accept cryptocurrency payments came from Jeff Bezos himself. She revealed that the entire project was "very much ready to roll" and that the company had been working on it since 2019. The insider said that Amazon's directors were keen to move forward with adding support for other major cryptocurrencies once a fast and secure method of Bitcoin payment had been established.Amazon is Considering Launching its Cryptocurrency:
Aside from accepting crypto payments, Amazon is also exploring launching its coin. The insider explained that when all these crypto ducks are lined up, "there's another twist to push things even further into Amazon's favor - a native token." She added that after a year of experiencing cryptocurrency as a way of making payments for goods, it was looking increasingly possible that we're heading towards tokenization.PI Network is Likely to be Successful:
The Pi Network is one of the cryptocurrencies that Amazon is considering adding to its payment options. The insider said that PI, along with Ethereum and Bitcoin Cash, would be next in line after Bitcoin, before they bring roughly eight of the most popular cryptocurrencies online. Pioneers of the Pi Network shouldn't be concerned about the Pi failing them as the Pi has performed better than any other altcoin.Pi Network: Strong Support from Stanford University:
The Pi Network has strong support from Stanford University, where the real names of users are used to issue Pi coins. The founder of the Pi Network is a close friend of Ethereum's creator, who earned his bachelor's degree from Stanford University. Stanford University is ranked second in the world in terms of reputation, and it is believed that if they can't achieve it, no one else can.Conclusion:
Amazon's announcement that it is considering accepting cryptocurrency payments is an indication that we may be heading towards tokenization. The Pi Network, along with other major cryptocurrencies, is likely to be added to Amazon's payment options in the near future. With strong support from Stanford University and its impressive performance, pioneers of the Pi Network should not be concerned about its failure.
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