Amazon reportedly buys four cryptocurrency domains

Read


From information making rounds on the internet Amazon, Jeff Bezos's company just bought about four domains, all relating to cryptocurrencies. Jeff Bezos Recently became the world's richest man and  leaving Bill Gates some few millions down! Wait. Could this be his secret?

We've seen over the few year, major investors and billionaires enter into the cryptocurrency hemisphere to do business.

Infact with a market cap of over $190B, anyone investing in cryptocurrencies is given the Opportunity to benefit from this ever growing and huge industry.

Amazon.com

So, according to reports from CNBC

  • Amazon has registered three new cryptocurrency-related domains, according to trade publication DomainNameWire. 
  • The domains are amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. 
  • Amazon already owns the "amazonbitcoin.com" domain name, according to Coindesk.

Trade publication DomainNameWire was the first to report on Amazon's move. The report said Amazon registered for the domains on Tuesday.

The news comes as bitcoin, the largest cryptocurrency by market cap, smashed through a new record high price on Wednesday, reaching $6,600 for the first time, following news of CME's plan to launch bitcoin futures later this year.  However the bitcoin is currently over $7000 and dominates other cryptocurrencies by over 60%.

There have been some rumors of Amazon eventually accepting cryptocurrencies, like bitcoin, but the company has never acknowledged these plans. Just last month, another unfounded rumor about Amazon's acceptance of bitcoin drove up bitcoin's price immediately.

However, Amazon Pay's VP Patrick Gauthier told CNBC last month that Amazon had no plans to accept cryptocurrency because there hasn't been much demand yet, and Amazon may simply be protecting its brand name.