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    November 2, 2017

    Amazon has purchased three new cryptocurrency-based domain names

    amazon cryptocurrency domain names

    A new report has revealed that Amazon has purchased three new cryptocurrency-related domain names, adding to speculation surrounding the giant’s future plans for digital currencies.

    Just last month a report circulated that suggested Amazon was preparing to accept Bitcoin as a payment method – and although that announcement wasn’t given at the firm’s recent earnings call, the company has now purchased three new cryptocurrency-related domains.

    The news follows on from 2013, when Amazon first purchased the domain amazonbitcoin.com – at present, the address redirects to Amazon.com.

    Read: As Bitcoin booms, the Winklevoss Twins’ investment could close in on $1 billion dollar value

    DomainNameWire reports today that Amazon has now officially registered the domains amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com – just as Bitcoin has managed to punch through the 7,000 USD mark thanks to CME Group’s newly announced plans to launch Bitcoin futures trading later this year.

    Though Amazon did not officially announce its support of Bitcoin in its latest earnings call, the supposition that the e-commerce giant is looking favourably towards the cryptocurrency managed to bolster its price well above the $6,000 USD mark.

    It remains uncertain as to what the giant’s plans are, or whether the company has either any plans to accept digital currencies as a payment method. One far more speculative hypothesis – and unsupported by any concrete evidence – could be that the firm is investigating launching its own cryptocurrency exchange.

    Amazon’s interest in cryptocurrencies arises at the same time as other internet giants – a recent listing within an app API recently indicated that Google may accept Bitcoin in its Google Play Store, while other firms such as PayPal and PayFast already accept the cryptocurrency.

    Read: China may resume cryptocurrency trading by licensing Bitcoin exchanges

    What are your thoughts? What play could Amazon make in the burgeoning realm of digital currencies? Be sure to let us know your opinion in the comments below!

    Follow Bryan Smith on Twitter: @bryansmithSA

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