On October 31, 2017, the Amazon legal department registered three new domain names:
While many believe this represents nothing more than an attempt by the internet retailer to protect its brand by preventing unaffiliated parties from launching fake websites, personally I see this as a move towards gearing up to launch a digital currency exchange – maybe even their own currency.
Cryptocurrencies has a total market cap that went from $17.7 billion in January to over $186 billion as of today, Nov. 1.
This isn’t just some fad, blockchain technology has begun to disrupt and revolutionize multiple industries, including banking and payments, healthcare, cyber security, insurance, transport, forecasting, networking and IOT (Internet of Things), and cloud storage.
Every major tech company has been making moves to get in on the action.
Do you really think Amazon is just going to sit on the sidelines and ignore one of the most revolutionary technologies of our time?
Source/More: Amazon On Track To Launch A Cryptocurrency Exchange | Squawker