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Is eCommerce Giant Amazon behind the Bitcoin Boom?

Amazon eCommerce Platform CEO Jeff Bezos

Amazon is using first class e-Commerce Technology for years. Is Bitcoin their next step?

The rumors from the Silicon Valley are condensing: e-Commerce Titan Amazon would like to allow Bitcoin as a means of payment. That would be a milestone for digital money. The online giant Amazon could soon permit the Bitcoin crypt as a means of payment. Corresponding rumors have gathered in recent weeks in Silicon Valley, California. Voices are coming from the environment of innovative finance companies, so-called fintechs, based on information from the investor, book author and start-up founder James Altucher.

Amazon eCommerce Platform CEO Jeff Bezos

The often well-informed large investor had already expressed the expectation in his Report weeks ago that Amazon could already announce the move to the presentation of balance sheet figures on Thursday this week. Amazon would be the first Global ecommerce Company to accept a software-based virtual currency as a means of payment. Fintech circles in the American Silicon Valley now supported this speculation. Even if the date in October could not be held, the Bitcoin introduction is expected to be timely, it said. It would be a milestone, not just for Bitcoin, but for digital money as a whole. The spread of large-scale cryptic payments could have far-reaching implications for the banking sector and the financial sector in general. Amazon could position itself as an innovation leader. At the request of the newspaper, Amazon had a clear denial: “No announcement was made on the subject of your inquiry,” a company spokesman explained. It is usual at Amazon, “they only express new ecommerce products or services, if they are usable for their customers – but they do not want to participate in any speculation until then”. Will Amazon going to accept Bitcoins?

Industry recognizers believe the rumors are still valid. “I see no reason why Amazon should not allow Bitcoins as a means of payment,” said Oliver Flaskämper, head of Bitcoin Germany. The US technology expert could thus position himself as an innovation leader, while at the same time the risk of exchange rate risks with the buyer. “It is already possible to buy at Amazon and pay with Bitcoins via service providers” explains Flaskämper, who runs the largest German trading site for crypto sciences. Many Service providers take Bitcoins, exchange them in euros or dollars and pay the ordered goods at the online dealer. That’s why Amazon could decide to make a detour via a service provider superfluous.


Best Cryptocurrencies To Invest In 2017


This Are The Best Cryptocurrencies To Invest In 2017

As the price of Bitcoin continues to fall, and Ethereum transactions may surpass Visa purchases, it’s about time you stopped to look at the potential of cryptocurrency for your financial portfolio (if you haven’t already).

For those who don’t know, cryptocurrency is a type of digital currency that’s heating up the investment world these days. More people than ever are considering the value of cryptocurrency for adding versatility and diversity to their financial portfolio, and you can even think about using crypto for your retirement plans. Read more about it here:

Here are some of the top 10 cryptocurrencies to invest in 2017-2018

1.    Bitcoin



As the most popular, and well-known cryptocurrency in the market, it makes sense that this option would come at the head of the list of the best cryptocurrencies to invest. With a market capitalization worth of about $76,817,853,616 – that’s a lot of numbers. The first ever cryptocurrency, Bitcoin was invented by Satoshi Nakamoto, and it was the only virtual currency to exist at that time. Today, you can buy a single Bitcoin for about $4841, but the price is constantly changing. Make sure that Bitcoin is legal in your country before you buy. Remember, you can also buy a small part of a bitcoin, if you can’t afford a full one. You can get the full guide to buy bitcoin in use here:

2.    Ethereum


Ethereum is another of the most common cryptocurrencies on the market today. A platform built for developing smart applications, Ethereum has hit some controversy as of late due to a recent hard fork which led to diverging block chains. At present, the market cap value of Ethereum is around $30,993,706,186, which means you can buy a single coin for $328 USD.

3.    Bitcoin Cash

A breakaway part of Bitcoin, Bitcoin cash is a separate cryptocurrency with a market cap of around $11,161,562,7272. This means that you can buy a single Bitcoin cash coin for $673.723 USD.

4.    Ripple

Another of the best investment coins on the market today, Ripple is a real-time gross settlement solution which was originally brought into the industry in 2012. It currently has a market cap of $8,578,015,899, and you can buy a unit for a price of about $0.223713.

5.    LiteCoin


LiteCoin is a cryptocurrency, and an open-source peer to peer digital currency system, similar to Bitcoin. The current market cap for LiteCoin is $4,202,463,279, so you can buy a single coin for around $79.54 USD.

6.    NEM

NEM isn’t at the top of most people’s lists, but it’s still performing well in the cryptocurrency market. The NEM launch took place in March 2015, and it currently runs on the Java platform. The market cap is $2,678,994,000, and you can get a single NEM coin for $0.297666

7.    Dash

Formerly known as Darkcoin, or Xcoin, Dash is an open-form of peer-to-peer virtual currency that was originally introduced in 2014. Currently, Dash is performing quite well, with a market cap of around $2,620,342,807. You can buy a single Dash coin at $347.31.

8.    Monero


Monero is one of the most popular forms of virtual currency recently introduced. It came to the market in April 2014, and is focused on decentralization and privacy. The market cap for the coin is $1,917,245,354, and you can buy one unit for $127.37.

9.    IOTA

The most innovative element of IOTA is the use of “Tangle”, a type of blockless ledger which is lightweight and scalable. Unlike most of the block chains on the market today, consensus isn’t a decoupled aspect, but an inherent part of the system. The market cap for IOTA is $1,820,205,981, and you can get a single unit for $0.654861.

10.  Ethereum Classic

While Ethereum classic isn’t nearly as popular and famous as Ethereum, it still has plenty of power in the cryptocurrency space. With a market cap of $1,702,355,002, you can purchase a single Ethereum classic coin for $17.86. It’s worth keeping in mind that during May 2017, Ethereum Classic was the sixth most precious cryptocurrency in the world.

If you are not an expert in trading cryptocurrencies you can get some tips about when and in which coin is it worth to invest here:

Best Cryptocurrencies to invest in 2018

We are updating our article about the best cryptocurrencies to invest in 2017 and 2018. There has beeen a few changes at the end of 2017 and there are several new currencies you should look after if you want to make some money in 2018. You can get the full overview here: