Most Amazon shoppers said they would support an Amazon-created cryptocurrency for purchases.


A majority of Amazon shoppers would accept a cryptocurrency created by the retail giant should it decide to come up with its own virtual coin, according to new research by online marketplace LendEDU.

LendEDU surveyed 1,000 shoppers, and 51.7% of them said they would be OK with using an Amazon-created digital coin to pay for their purchases. The idea does not sit well with 21.9% of those polled, who said they would not use an Amazon cryptocurrency, while 26.4% could not decide either way. Among Amazon Prime members, some 58.3% welcomed the possibility of using an Amazon coin.

"The world of virtual currency is a confusing one, so Amazon would proceed with caution. However, the potential for using Amazon-created virtual currency to make purchases on the site even more streamlined is certainly tantalizing."

In a similar study, about 45% expressed they would utilize Amazon as their essential record if the online retailer at any point forayed into managing  account administrations, with 17% saying they trust Amazon in excess of a bank. Exactly 38.3% said they put stock in Amazon "about a similar level" as a bank in dealing with their accounts.

Furthermore, the review found that 50.3% of the respondents would think about taking out an individual credit from Amazon, while around 30% would agree to accept a home loan if Amazon offered such an advance office.

Amazon’s involvement in cryptocurrency Rumors ...

Rumors of Amazon’s involvement in cryptocurrency first emerged in September last year, when ran a story about a newsletter sent out by hedge fund manager and venture capitalist James Altucher. Part of the newsletter reads:

I am certain that Amazon WILL ACCEPT Bitcoin. They have no choice. And this will be the tipping point that will create massive generational wealth unlike we’ve ever seen before.” 

Afterward, we detailed that Squawker's article was only a misrepresented attempt to close the deal for Altucher's pamphlet membership.

In any case, the hypothesis that Amazon will begin tolerating Bitcoin installments was resuscitated in November, when the organization purchased digital currency-related web spaces.'s backup Amazon Technologies obtained three space names on October 31: "," "," and "" 


I have been a developer for last five years working experience in different technology, apart from this I loved traveling, blogging and exploring the crypto world.

Post A Comment: