Amazon Announces Blockchain Services !
Amazon announced blockbuster first-quarter earnings.
The e-commerce giant reported earnings that topped $1.6B, far exceeding analyst estimates of $600 million.
Following the news, Amazon stock rocketed over 7% after hours.
While the company did not specifically mention cryptocurrency on its earnings call, they announced it would be introducing a series of tools that allow users to create, deploy, and manage blockchain networks on Amazon Web Services.
The tools, called blockchain templates, allow customers of Amazon’s cloud services to more easily create projects based on blockchain technology.
We all want Amazon to announce that it will begin accepting cryptocurrency. That would be a game changer.
Recent news from Amazon represent a giant leap towards crypto integration.
In fact, Amazon may even be using the new services to experiment with blockchain as it prepares to accept payment in cryptocurrencies, since blockchain technology is notoriously complex and requires months of research and development to properly implement.
Amazon was responsible for nearly 44% of all e-commerce sales in the U.S. in 2017. According to some reports, the company could account for as much as 2% to 3% of all global card payments. However, these payments don’t come cheap. Amazon pays fees to credit card companies and banks for every single transaction. These fees likely amount to hundreds of millions (if not billions) of dollars a year. For Amazon, the opportunity to disrupt existing payment providers isn’t just obvious - it’s critical.
Payment technology represents an opportunity that is way too big for Amazon to ignore.
With cryptocurrencies becoming a more critical part of the global financial system, Amazon could ultimately integrate cryptocurrencies as part of its payment technology.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by bloomberg215 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
More than simply developing and advertising high-quality items is required to succeed on Amazon. Get the word out as much as possible about your product to guarantee its success. The marketing of your Amazon product listings will need the use of pay-per-click (PPC - https://sponsoreds.com/ ) advertising solutions. If you want to see any results, you should not attempt to handle your own advertising efforts. Under these conditions, an effective Amazon PPC management solution may be used.