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29.10.2021

Amazon is About to Come Up with Its Token in 2022

It looks like the former Amazon CEO and the richest man in the world has no plans to stop at the achieved results – Amazon’s token is on the way!

Recall that in 2021, Amazon, under the leadership of Bezos, set a new record in terms of capitalization – $1.5 trillion.

In February 2021, it became known that Bezos was planning to step down as CEO, reserving a 10% stake in the company. According to the world’s richest man, a move into the role of executive chair will allow him to focus all energy and attention on the company’s further initiatives and products.

Jeff Bezos is one of a few persons who is actively working on his capitalization. Here are some of his recent steps in the expiring 2021:

  • PR strengthening and branding – a suborbital flight into space on the “New Shepard” spacecraft, developed by his own company Blue Origin
  • Purchase of the Hollywood film studio Metro-Goldwyn-Mayer (MGM) for $8.453

Still, it seems that this is far from the hottest news of the outgoing 2021.

Amazon is Going to Accept BTC and Launch Own Token in 2022

One of the City AM’s insiders mentioned that Amazon plans to accept crypto (Bitcoin) as a means of payment to purchase goods on its platform. What’s more, Amazon gave serious thought to creating and using its token as early as 2022.

The rumors were finally put down after the company posted a vacancy for the head of a blockchain department. The job description mentioned that the future specialist would need to develop and manage a new product’s global vision and strategy.

Moreover, a top manager of the newly minted department will need to know onions how to seek investment and unleash the full potential of the crypto for the even greater efficiency of the company.

One doesn’t have to be a genius to determine why Amazon plans to hire someone with these skills. However, according to the unidentified source, the brand plans to go deep into this issue and consider blockchain as a promising technology for implementation in its infrastructures. The insider hinted that this is more than just exploring the blockchain and its capabilities in the e-commerce field.

“This is not only an opportunity to create own solution for accepting crypto payments. This field is considered as a promising part of the future operating process of the world’s largest retailer,” – an insider said in an interview with City AM.

It all will start with accepting Bitcoin payments, and this will be the first stage of one of the most hoped-for crypto projects. It is noteworthy that the order for further steps in crypto filed direction came from the very top… from Jeff Bezos.”

The Project Is Down the Final Straight

The insider also mentioned that the company has already been actively developing payment solutions for accepting crypto since 2019. It is about running a series of tests and choosing the safest bitcoin payment method. Next in line, the company plans to accept payments using the top 8 most popular cryptocurrencies, including Ethereum, Cardano, and Bitcoin Cash.

There is no doubt that a pro-active approach and launching of own token by such an e-commerce behemoth as Amazon will positively affect the blockchain technology and the price of top coins. However, Jeff Bezos’ global goal is not only to accept payments with crypto assets. The strategic vision includes creating its own digital asset – a much larger alternative to all existing coins.

Hardly anyone can imagine the excitement around the Amazon token if the company decides to use its coin as the main element of a multi-tier infrastructure, fancy that! Users will pay for goods and services and earn bonus Amazon tokens through various loyalty programs.

A Good Opening for Crypto Brokers

Profit Center FX is closely monitoring the situation around the new Amazon’s token. This news has already stirred up the crypto community, creating unprecedented excitement around the possible emergence of one of the most promising blockchain projects.

The Profit Center trading platform currently allows you to trade 100+ coins, including Bitcoin, Ethereum, Cardano, and Bitcoin Cash. Therefore, as soon as Amazon announces and opens access to its coin, we will add the asset to the list of trading instruments at the request of customers,.

Profit Center FX is a team of experts that integrates intuitive and reliable software for crypto exchanges, FOREX, CFDs, crypto brokers and financial companies. We’ll make sure you always have an excellent opportunity to start your business on financial markets!

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