Amazon Just Bought Three Domain Names Related To Cryptocurrency

Amazon-Currency

Amazon is stirring up many speculations online that the giant ecommerce retailer is joining the cryptocurrency world by their recent purchase of three crypto-related domains.

According to information, three domains were recently purchased -“amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com” – which were registered on October 31. The domains are ranked to Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc. that has been attributed to past patent filings from the e-commerce company.

Phone numbers listed on the registration documents connect to Amazon’s legal department, though a representative of that office could not be reached by press time. At this time, it’s not entirely clear what purpose the domain names will serve. There are no official statements yet or announcements as to the purpose or route the company is taking with their recent purchase of these cryptocurrency-related domains.

According to DomainNameWire, Amazon may be simply moving to safeguard its brand. Many giant companies are doing the same strategies to protect their respective brands. Back in 2013, Amazon secured “amazonbitcoin.com,” which currently redirects to Amazon’s main page – an arrangement that further suggests the protective intent of the registration.

The world of cryptocurrency has been on a spike, it has been hotter than ever, as is evident by the market cap of cryptocurrency now hitting a new high amounting to over $187 billion.

The VP of Amazon Pay, Patrick Gauthier, told CNBC last month that Amazon has no plans on accepting cryptocurrency as there’s been no real demand for it. This is probably true as the vast majority of online purchases are recently being done via debit and credit cards, as well as payment processors like PayPal. Plus, there’s the volatility of cryptocurrency to consider; among others. While individuals who hold Bitcoin love to see jumps of 10% or more, most businesses prefer a much more stable currency.

As for the domain names secured by Amazon, it’s likely due to them just securing the sites to protect their brand name. Many companies snatch up sites using their name in order to keep others from using them. This is just one way of thinking ahead of competition.

As more and more businesses accept Bitcoin and other digital currencies, Amazon will have to move to do the same in order to keep their insanely huge market share intact. Not to mention that the cryptocurrency market cap continues to explode. Bitcoin now has a higher market cap than major companies like American Express, Nike, and United Technologies.

If, or when, Amazon moves into cryptocurrency – It’ll definitely have a major impact on the financial market. When a rumor that Amazon was going to accept Bitcoin popped up a few weeks ago, the price of Bitcoin jumped. I honestly can’t imagine Amazon not eventually moving to accept cryptocurrency. Their whole method of operation is to crush the life out of their competitors, so they’ll have to adopt cryptocurrency if enough competing businesses do. When that happens, we just have to make sure that we have lots of bitcoins to invest.

Bitcoin vs DASH – A Comparison Review

The dominance of one cryptocurrency is obvious – Bitcoin, being the king, has been leading the pack but it seems there are other digital currencies that people should consider – like DASH. Like most cryptocurrency users are very knowledgeable of, there are various currency groups that should be taken into account.

The dominant cryptocurrencies all offers something that’s likely different, though several are mostly clones that are copy-pasted. There is some big difference however between those dominant cryptocurrencies, because if not the difference between would be insignificant to discuss about.

Bitcoin’s Reign

After some lows in 2015 Bitcoin has been headed upwards, first steadily, and then dramatically as of this year. Yes, bitcoin’s success is impossible to ignore. Although bitcoin has problems also that needs to be addressed like privacy and scalability, it has been the leading cryptocurrency in the world with relative ease. Bitcoins is fashioned to boost financial inclusion and possibly make global transactions. Furthermore, a great number of merchants worldwide are starting to accept bitcoin as payments, both in offline and online world.

There is increasing legal recognition, a growing usability, and acceptance, while the original, political reasons leading to Bitcoin’s popularity are strong as ever. Bitcoin, it has proven that currently in the upcoming digital age it’s the best product as the store of value which is most secure, easy to move, liquid with the very limited supply of 21 million.

Here Comes DASH – Is it Next in Line?

Dash (DASH) is a next-generation digital currency based on the Bitcoin software.

It aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. On top of Bitcoin’s feature set, it currently offers instant transactions (InstantSend) and private transactions (PrivateSend). It operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.

It aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world. On top of Bitcoin’s feature set, it currently offers instant transactions (InstantSend) and private transactions (PrivateSend). It operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network.

One of the major thing that Dash work well is giving its users an added privacy upon completing transacitons. The Dash Masternodes network gives these services, while incentivizing as well the users in order not to spend their balance in the wallet. To add, Dash is forming quite an impact with regards to the industry of point-of-sale, through strategic partnerships. With all the things considered, Dash gives helpful service to people aiming for those traits specifically.

Dash was recently listed on Qryptos and Quoinex. The former is a cryptocurrency-only trading platform. The later is a crypto-fiat exchange. Both platforms are owned and operated by Japanese startup Quoine.

The listing means that Dash will be available for trade against several notable currencies. Among them are the Japanese yen (JPY), and the euro (EUR). It could potentially become available to trade against other minor currencies as well. For example, the Hong Kong dollar (HKD), the Singapore dollar (SGD), the Indonesian rupiah (IDR), the Indian rupee (INR), and the Philippine peso (PHP).

Last but not least, this would make Dash available to trade against cryptocurrencies like Bitcoin Cash, and Ethereum.