Amazon will be forced to launch its own crypto currency says Binance CEO

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Amazon
// CEO of world’s largest crypto currency trading platform says Amazon will be forced to launch its own crypto currency
// It comes after Amazon filed patents, suggesting one is in the works

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The chief executive of Binance, the world’s largest crypto currency trading platform, has said Amazon will be forced to issue its own crypto currency in the future.

In an online Twitter discussion Chanpeng Zhao, who has over 270,000 followers, said that Amazon would soon be forced to create its own crypto currency to buy and sell its products.

The discussion started when Zhoa tweeted that he didn’t understand why internet-based companies would “not accept crypto for payments”.

When told to “ask Jeff Bezos” by another Twitter user, who went on to add that when Amazon adopts the method “everyone will copy”, Zhao responded: “Amazon will have to issue a currency sooner or later”.

This follows widespread speculation that Amazon has its own crypto currency in the works after it filed patents for cryptography, distributed data storage solutions and a data marketplace which is expected to be used to integrate crypto payments on the platform.

In December, Bloomberg reported that Facebook was working on its own crypto currency to allow users to transfer money securely through its WhatsApp and Messenger apps.

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