Binance CEO: Amazon will have to issue a cryptocurrency "sooner or later"

03 Feb, 2019 | Updated: 03 Feb, 2019
by Will Heasman
Opinion
Binance CEO: Amazon will have to issue a cryptocurrency sooner or later

A recent twitter post by CEO of Binance, Changpeng “CZ” Zhao, questioned why more internet based business’ haven't started accepting cryptocurrencies. 

Within the tweet CZ elaborates that crypto is fast, cheaper and easier to integrate than traditional methods of payment:

There are currently around 11 major online retailers accepting Bitcoin, including Microsoft who started excepting digital gold for Xbox purchases back in 2014. Similarly Overstock - a company which sells anything from electronics to health and beauty items-  accepts several cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dash, and Monero 

It seems that this isn’t quite enough for CZ who quite wonders why other retailers haven’t followed suit.

However, one Twitter user offered a solution: Amazon!

The user, going by the handle “Dan the BULL” urged the Binance CEO to have a word with Jeff Bezos, adding that if Bezos jumped on the bandwagon, other retailers would follow.

Rather than agreeing, CZ posited that rather than accepting crypto Amazon itself would create a cryptocurrency, soon:

This is a trend that seems to be evolving. Facebook’s attempt at creating their own crypto is currently underway, with the major social media firm looking to implement a digital currency via WhatsApp.

While there are no signs of a Twitter based cryptocurrency emerging any time soon, the platforms CEO, jack Dorsey recently endorsed the opinion that Bitcoin will soon become the native cryptocurrency of the internet:

Read moreTwitter CEO believes internet will have its native currency, possibly BitcoinThe rumors are true! Facebook launching its own cryptocurrency

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