A recent poll observes the prevalence of crypto among US residents above 18 years. As technology continues to shape the future as we see it, it appears that millennials are putting their best foot forward in alignment with technological development. French company Alto Invest recently explored prevalent investment practices of persons aged 18 years and above. While most respondents expressed a desire for real estate investment, several others considered crypto a bargain for the future. Alto Invest’s findings concluded…
Tag: Amazon
Amazon will Ignore Cryptocurrency as a Payment Method, For Now
While some major corporations like PayPal, Mastercard, and Tesla, have embraced cryptocurrencies, Amazon has decided to be cautious. Following the release of his first annual shareholder letter, Amazon's CEO Andy Jassy indicated his unwillingness to accept cryptocurrency payments. On the other hand, the CEO of the tech behemoth expressed optimism about the future of the crypto industry. In the interview, Andy Jassy also revealed that he does not possess any Bitcoin or non-fungible tokens (NFTs). This is despite the CEO’s…
3 months ago 1.1 k
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Who will enter the CryptoSphere first: Amazon or Facebook?
Amazon and Facebook are some of the biggest technology companies globally. Furthermore, the two giant companies have substantially impacted billions of internet users. One did it through Facebook's pioneering and massively successful social media platform. Meanwhile, Amazon used its enormous e-commerce platform and cloud computing services to change the retail market forever. Both Amazon and Facebook have made several steps in the cryptosphere. Also, they are both pushing for the adoption of cryptocurrencies and blockchain technology. In fact, both have been…
9 months ago 1.3 k
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Amazon Welcomes Former FCA Official as Ebay Plans on Adding Crypto Payments
E-commerce giant Amazon has moved to elect an ex-Financial Conduct Authority(FCA) official. This action follows Amazon's job advert announcement, which seeks to venture into digital currencies. In essence, the advert included a Digital and Emerging Payments division that will enable users to swap their cash into cryptocurrencies. Two years before, Amazon secured at least six officials from the FCA, out of which four of them came on board a year later. The four regulatory specialists work for specific positions in Amazon,…
1 year ago 447
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Bitcoin (BTC) Worth More Than JPMorgan Chase and Bank of America
Bitcoin (BTC) rapid rise in 2021 has been remarkable, with the leading coin hitting a new all-time high on Friday. According to the latest stats, Bitcoin is worth more than the two largest banks in America combined. Bitcoin Market Cap Nears $900 billion. Bitcoin’s price has rebounded in the past few days after initially trading around the $42k mark on Monday. Buoyed by the news of institutional purchases of BTC, the price pumped to $48,000 on Thursday. A quiet push…
1 year ago 328
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The Advent and Rise of BaaS – Blockchain as a Service
When Big Money Enters the Market A recent article in Bitcoin Magazine predicted that the blockchain technology market would reach $7.7 billion by 2024. However, many industry insiders put their figures much higher, particularly given the phenomenal gain in popularity of blockchain-based technologies resulting from 2017‘s meteoric rise of Bitcoin and other cryptocurrencies. Just about any company could find use in blockchain’s ability to keep immutable and transparent records. However, certain expectations have to be managed. Leadership must be clear…
2 years ago 371
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