Or at least that’s what Binance’s CEO Changpeng Zhao believes.
Binance has been in the spotlight just recently after the exchange revealed that both credit and debit card payments for crypto are now open and this was possible courtesy to a partnership with Simplex – a fully-licensed financial institution that provides online payment processing solutions without any hacking risks involved.
From now on, Binance users will be able to turn fiat into crypt using Visa and Mastercard which will be making access to crypto much more accessible.
Amazon might also support adoption
Binance’s CEO has a dilemma and he cannot quite understand how come that every business online doesn’t accept crypto by now.
For any internet (non-physical) based business, I don't understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. And reaches more diverse demographic and geography.
— CZ Binance (@cz_binance) February 2, 2019
He talked about the subject on Twitter and he also made an exciting prediction there saying that Amazon, the e-commerce giant, would eventually end up launching it very own crypto.
This was not the first time when Zhao said that Amazon is a potential crypto adopter.
Back in December 2018, he said that he was waiting for Amazon to ditch fiat currencies for cryptos.
Easier to bring crypto to him. waiting for the day Amazon accepts (or issues) crypto.
— CZ Binance (@cz_binance) December 8, 2018
It’s also important to note that Amazon bought three cryptocurrency-related domains late last year: amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com.
A trade war between China and the U.S.
Amazon resellers are caught these days in a trade war between the US and China, according to the latest reports.
CNBC has recently reported that “Many big Amazon sellers received a notice this week from a company they rely on for international money transfers. The message from WorldFirst, which is based in London, was alarming: its U.S. business was closing immediately.”
They continued and explained that “We are writing to share some news that affects you as a US-based customer of WorldFirst,’ the email said. ‘The WorldFirst shareholders have decided to discontinue the US operations. As such, we will no longer be able to offer our products and services to you.’”