Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Survey Says: Spice Up E-Commerce with Some Bitcoin Flavor

by Daily Hodl Staff
March 5, 2018
in Bitcoin
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

If Bitcoin were a spice that you could sprinkle, it would end up on over 50% of the dishes devoured by Millennials. The Amazon-loving class of customers was surveyed by LendEDU about their appetite for all-things Amazon and their interest in a Bitcoin-type “Amazon Coin”.

The sample size of 1,000 had purchased an item from Amazon within the past 30 days, and 62.3% were Amazon Prime members.

According to LendEDU, “Just a little over half of the respondents, 51.7 percent, answered “yes” to the idea of using an Amazon-created cryptocurrency – perhaps dubbed Amazon Coins – for future purchases on the website. Additionally, of those with Amazon Prime, 58.27 percent said they would consider using a cryptocurrency created by the company.”

Respondents were also open to having a “bank” account with the online e-commerce giant. They would entertain loans, mortgages and savings accounts offered by Amazon.

Digital money doesn’t seem to be a big leap for consumers in their 20s and 30s who watched the birth of the MP3, the death of Blockbuster Video, the rise of digital gaming and hopped the Spotify bullet train for music delivery and Netflix for movie streaming. But is decentralization, which is the core tenet of Bitcoin, that important, or will a company with mad brand recognition and its own coin be enough to tip the scales and get the masses into digital cash? Or is it meaningless speculation to suggest that Amazon is even considering digital cash when the Wall Street Journal reports that Amazon is “in talks with big banks including JPMorgan Chase & Co. about building a checking-account-like product the e-commerce giant could offer its customers, according to people familiar with the matter.”?

Amazon will surely maximize its brand recognition and the tremendous sway it has with young customers, but according to the LendEDU survey, here is what those customers want:

​1. If offered, would you be open to the idea of using an account created by Amazon as your primary bank account?

a. 44.50% of respondents answered “yes” (52.33%)

b. 16.40% of respondents answered “no” (12.84%)

c. 39.10% of respondents answered “unsure” (34.83%)

​2. If offered, would you be open to the idea of using a savings account created by Amazon?

a. 49.60% of respondents answered “yes” (57.95%)

b. 14.90% of respondents answered “no” (10.75%)

c. 35.50% of respondents answered “unsure” (31.30%)

​3. If offered, would you be open to the idea of using a mortgage created by Amazon for future home purchases?

a. 30.20% of respondents answered “yes” (36.28%)

b. 31.60% of respondents answered “no” (26.81%)

c. 38.20% of respondents answered “unsure” (36.92%)

4. If offered, would you be open to the idea of using a personal loan created by Amazon for future large purchases, debt consolidation, or home improvement projects?

a. 50.30% of respondents answered “yes” (57.46%)

b. 24.00% of respondents answered “no” (19.58%)

c. 25.70% of respondents answered “unsure” (22.95%)

Read the full survey.



Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Meet Beste Bank – Your New Reliable Crypto Knowledge Base
    January 27, 2021
  • Cryptocurrency to Fight Cancer: From Bitcoin to Altcoins
    January 26, 2021
  • How Traders Are Gaining by Holding Crypto: Staking Tron (TRX) and Cardano (ADA)
    January 21, 2021
  • QuiverX to Integrate Chainlink Proof of Reserve To Power Transparent, Decentralized Crowdfunding
    January 15, 2021
  • The Online Family Office and High Net Worth Blockchain Conference
    December 22, 2020
Submit a Guest Post
Bitcoin
$31,903.00
$31,903.00
4.63%
Ethereum
$1,340.78
$1,340.78
6.14%
Polkadot
$17.03
$17.03
7.51%
XRP
$0.262536
$0.262536
3.49%

Spotlight

  • Top Crypto Lawyers Predict Outcome of SEC’s Case Against Ripple and XRP
    January 21, 2021
  • Coinbase Says Institutions Beginning To Pour Money Into Ethereum in Addition to Bitcoin
    January 25, 2021
  • Former Ripple Advisor Tapped To Become Top US Banking Regulator: Report
    January 22, 2021
  • Publicly-Traded Firm Buys $150,000,000 in Bitcoin, Says Holding BTC Superior to Holding US Dollar
    January 26, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.