March 28, 2024

Amazon creates a digital payment platform

Amazon creates a digital payment platform

The world's largest online retailer, Amazon, is working on its own digital currency technology forMexican market.

Amazon is developing digital payment technology. At least this is evidenced by the open vacancy of the company.

For example, a company is looking for a software development manager for a digital payments project. It is reported that the candidate must create a product for converting fiat money into digital currency.

Amazon creates a digital payment platform

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With the help of virtual currency, users will be able to pay for goods and services. It is not yet clear whether the digital currency project will use blockchain technology.

Nevertheless, it is already known that at the start the project will be available only to residents of Mexico.

Amazon is "reinventing the wheel"

It's worth noting that Jeff Bezos's company has alreadyhas long been working on the creation of an independent payment system. So, back in 2013, the company announced Amazon Coin, an aggregator of digital payments with an integrated virtual currency.

Amazon creates a digital payment platform

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Despite what Amazon called Coin "virtual currency", the product was actually an analogue of gift vouchers.

Each Amazon Coin is worth one cent.As with gift coupons, the virtual coin cannot be exchanged for cash, but can be gifted to other users. It is not yet known whether the unannounced project is just a revision of an existing project, or the company is creating a new product from scratch.

Despite the little information about the new project,the giant retailer has long been exploring the potential of the blockchain market. In August 2019, the company was looking for a fintech marketing team with a focus on distributed ledger technology. However, since then no loud announcements have been made by the company.

It should be noted that the company holds oneof the largest platforms of the cloud blockchain framework. A product from a company called Amazon Management Blockchain allows you to deploy and manage scalable blockchains through the cloud.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrency, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that supportDeposit and withdrawal of funds inrubles, hryvnias, dollars and euros.

The most reliable platforms with the largest cash turnover have been for several yearsthe largest cryptocurrency exchange in the world is Binance.Binance is the most popular crypto exchange in the CIS, as it hasmaximum trading volumes and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

# Cryptocurrency exchange Official site Site evaluation
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.4
3 OKEx https://okex.com 7.1
4 Huobi https://huobi.com 6.8
5 Exmo https://exmo.me 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features &#8212; futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Amazon creates a digital payment platform

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