Amazon Buys Crypto Domains – What Are They Up To?
Amazon just bought three domain names aimed squarely at the crypto market.
The domains are: amazoncryptocurrency.com, amazonethereum.com and amazoncryptocurrencies.com.
With rumors swirling about Amazon’s interest in the crypto space, it’s hard not to wonder what they’re up to. Here is a look at some of the possibilities:
- This could be a step toward Amazon accepting Bitcoin and/or Ethereum as a payment method. Rumors on this have intensified over the last week, although the company has never mentioned the possibility in public.
- The company could be protecting its intellectual property, without any clear plans on what to do in the near future. Amazon bought amazonbitcoin.com three years ago, and hasn’t done anything since.
- Amazon may be looking at launching an exchange like Coinbase or Bittrex. This may sound a bit outlandish, but then again what *won’t* Amazon sell? From digital movies to groceries, if something can be sold, Amazon always seems interested in selling it.
The biggest name in retail could be looking to clear up any confusion with Amazon Coin, a digital currency that the company introduced back in 2013.