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2019-02-04 16:50:00

Amazon Will Have to Issue its Own Currency 'Sooner or Later', Binance CEO Claims

Changpeng Zhao, the CEO of Binance, a Malta-based digital asset exchange, recently predicted that Amazon, the world’s largest online retailer, would eventually launch its own cryptocurrency. On February 2nd, Zhao tweeted to his 277K followers that “Amazon will have to issue [its own] currency sooner or later.” In another tweet, Zhao had questioned why e-commerce businesses would not want to accept cryptocurrency payments. According to the former head of development at Blockchain.info, a leading crypto wallet service, cryptocurrencies should be the preferred mode of payment for “internet (non-physical) based business.”