In 2019, Amazon bought the cryptocurrency related domain amazonbitcoin.com, after which it raised a lot of speculations about potential foray in the crypto market. Now, we can see that the major eCommerce website purchased four additional domains, which again confirms the rumors about a significant expansion.
The truth is, Amazon (NASDAQ: AMZN) has been in our cryptocurrency news over the past couple of years, after making a name for itself for investing in different technology and product offerings. From their drone delivery segment up to the media content generation with its own line of television shows, we saw a lot from this popular website.
With each step, Amazon has gained a wider following and a greater dominance over large spaces. Now, Amazon bought 4 cryptocurrency-related domain URLs which triggered some analysts into the thought of a potential Amazon cryptocurrency foray or at least an attempt to secure the related domain names.
Even though we did not see any official confirmations about this from the officials of the company, the actions lead some analysts and customers to speculate that the company is planning a cryptocurrency launch. The domain purchases which Amazon claimed include the following URLs:
- amazonethereum.com
- amazoncryptocurrency.com
- amazonbitcoin.com and
- amazoncryptocurrencies.com
The fact that the company has mentioned Bitcoin and Ethereum as the two most popular cryptocurrencies could mean that it is considering introducing some type of link to these currencies. The ‘Amazon cryptocurrency’ keyword is also trending and we might see news about crypto-related offerings emerging soon.
Another possible reason for all of this could be the fact that Amazon bought domains in order to protect its brand – or at least prevent these domains ending up in the hand of someone else. These sites could dilute the brand if they are used in a way which is unaffiliated with the company. In a scenario like this, it is very likely that the purchase does not suggest any immediate plans to launch a cryptocurrency or any crypto-specific or related products.
The concept of an Amazon cryptocurrency definitely sounds exciting for many. Only time can tell if the Bitcoin or Ethereum news show up Amazon preparing a new launch of product offering – or at least attempting something in the crypto industry.
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