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Binance CEO says Amazon will have to Issue a Cryptocurrency “Sooner or Later”

One of the cryptocurrency industry’s best-realized figures affirmed despite everything he accepts online retail goliath Amazon avoid issuing its own altcoin, in a tweet Feb. 2.

Talking about the web business part more comprehensively, CEO of Binance best crypto exchange — Changpeng Zhao said it was not so much a question of if, as of when Amazon will issue its own coin.

The retail giant has tried efforts to embrace forms of blockchain technology before, yet its relationship with cryptocurrency remains tied to rumors.

Such rumors periodically appear in the press, including those that Amazon could coordinate Bitcoin (BTC) as a payment mode.

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Zhao meanwhile wrote on Twitter, adding separately:

“Amazon will have to issue a currency sooner or later. 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.” 

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Zhao put forward his expression that week Twitter’s own CEO, Jack Dorsey, repeated his forecast that the internet itself will end up using a default currency, specifically Bitcoin.

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He said, “It was something that was born on the internet, was developed on the internet, was tested on the internet; it is of the internet.”

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Talking on the Joe Rogan Experience podcast released Feb. 2, Dorsey cautioned that in spite of the fact that he couldn’t make sure that Bitcoin would, at last, satisfy this role, the largest cryptocurrency appeared to be the clearest choice.

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