The crypto space is waiting for Amazon to get on board for a really long time. This would be a massive achievement for the crypto sphere because it would definitely trigger the mass adoption of crypto.
Heading towards the mainstream adoption of digital assets
There has been a high number of crypto analysts who have been predicting that 2019 will be the year of crypto mass adoption and judging by the latest moves in the crypto space, they were definitely correct.
Massive retailers started accepting BTC, and we also reported this a while ago.
It was recently revealed that big-name retailers including Amazon-owned Whole Foods are now accepting Bitcoin and other digital assets.
“The retail initiative comes via a partnership between Flexa, a payments startup, and Gemini, the Winklevoss-owned digital currency company. It works by piggy-backing on the digital scanners that many big retailers use to accept phone-based payments from their apps and from digital wallets like Apple Pay,” Fortune’s Jeff John Roberts writes.
More than that, eBay might also be gearing up to support crypto and digital collectibles, at least according to the new promotional adverts.
Amazon’s latest moves
Amazon is granted a new patent that addressed various ways in which PoW cryptographic systems can be created.
The PoW algorithm is used by Bitcoin and more digital assets in order to verify transactions.
The patent mentioned above doesn’t really explain how and what these systems will be used for. You can check out the patent and see more details about what it explains.
Anyway, it seems that Amazon and other big players in the game are definitely getting closer to crypto.
If such giants were to implement BTC, the crypto mass adoption would be right around the corner.
The Daily Hodl has just written that the company owns amazonbitcoin.com, which redirects to the company’s official website. Amazon Web Services is also working on blockchain solutions.