Amazon Registers Crypto, Ethereum Domains As Rumors Swirl It May Soon Accept Bitcoin

Over the past week, rumors have swirled that Amazon may be preparing to accept bitcoin as a form of payment, a decision which would lend immediate credibility and legitimacy to the cryptocurrency. Last week, Die Welt reported that fintech sources in Silicon Valley were suggesting that the global online retail giant could soon integrate Bitcoin as a payment option.

When questioned, an Amazon spokesman replied to the German publication in a predictably generic fashion: "(Amazon) opts to include new products or services only when these are useful for our customers - until that point, we do not engage in rough speculation”, CoinTelegraph reported.


Photo credit: Cointelegraph

Amazon has faced years of lobbying and rumors regarding its Bitcoin relationship ever since smaller competitor Overstock (which recently announced plans to raise capital via an ICO) became a pioneering virtual currency adherent in 2013. While multiple other midsize operators have since engaged with Bitcoin, Amazon’s participation would still be a first-of-its-kind move. Meanwhile, several dedicated services already exist to offer purchases with Bitcoin from their websites through the intermediary of gift cards.

And while Amazon has refused to commit on the record, rumors that the world's biggest online retailer may be adopting cryptocurrencies such as bitcoin and ethereum, got a renewed push today when CoinDesk reported that according to industry news site DomainNameWire, Amazon has registered three cryptocurrency-related web domains, online records show.

According to information from Whois Lookup, three domains – "amazonethereum.com," "amazoncryptocurrency.com" and "amazoncryptocurrencies.com" – were registered on Oct. 31. The domains are linked to Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc. that has been attributed to past patent filings from the e-commerce company.

Phone numbers listed on the registration documents connect to Amazon's legal department, though a representative of that office could not be reached by press time.

While coindesk admits that as of this moment, "it's not entirely clear what purpose the domain names will serve" the mere fact that Amazon has telegraphed its intentions vis-a-vis the crypto space may be sufficient to boost demand for the digital currency even more, as the eventual acceptance by Amazon would be widely seen as a universal stamp of approval.  What is interesting is that Amazon may be branching out beyond merely the generic "bitcoin" and into its biggest competitor, which arguable has broader corporate acceptance, ethereum.

Then again, Amazon may be simply moving to safeguard its brand. Back in 2013, Amazon secured "amazonbitcoin.com," which currently redirects to Amazon's main page – an arrangement that further suggests the protective intent of the registration.

Alternatively, Amazon could be seeking to avoid confusion between cryptocurrencies and Amazon Coin, a virtual currency product introduced in 2013 that serves as an online payment method for customers.

Comments

nuubee Wed, 11/01/2017 - 18:44 Permalink

Oh shit. I told myself for a long time I wasn't crazy to hold... but I'm not sure how much I really believed it...now.... oh shit...

HRH Feant2 JLee2027 Wed, 11/01/2017 - 19:18 Permalink

Thanks for the clarification. I view money (FRNs, Yen, Suisse Francs), PMs, cryptos, bonds, and stocks as tools.

I have a hammer in the garage. It's a tool. Do I love it? No. But it sure comes in handy when I need to pound a nail! Same thing for money/BTC/PMs. Handy to have around when I want to buy something. Another tool in my toolbox. That is all.

In reply to by JLee2027

tmosley JLee2027 Wed, 11/01/2017 - 19:21 Permalink

That's not what Jesus said."And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God."Get back to me after you have accomplished this feat.Remember, kids, Jesus was a Cynic philosopher, and wanted his followers to follow the same ideology. This is why monks take a vow of poverty.

In reply to by JLee2027

tmosley Number 9 Wed, 11/01/2017 - 19:48 Permalink

Hahaha, good question! Jesus had no car, no house (he lived in Peter's house), and survived by taking donations (alms). There were many times when he simply had no money, but he didn't worry about it.I'm not a Christian, so I don't take the stuff in the Bible too seriously, but Jesus was a Cynic, as am I, so I can pretty easily understand where he was coming from when he said stuff like that.I would say that those who make their wealth a part of their personality are what he would consider "rich". Diogenes of Sinope was a famous Cynic, and was once invited into a rich man's house. He spit in the man's face, declaring that everything else looked far too fine to spit on.

In reply to by Number 9

El Oregonian tmosley Wed, 11/01/2017 - 19:52 Permalink

Christ avoids becoming mired in a dispute about this (John 14:15) but gets right to the bottom line: The young man's love of the world. He tells him to sell his possessions, give the money away, and follow Him as a disciple. Yet, the young ruler was unwilling to do this. His treasure was here on earth. His money exerted a stronger tug on his heart than Christ did.It is not that having money is evil, but it is the love of money that corrupts. Either money is just a tool to be used, or you are used and become a tool for money...

In reply to by tmosley

Blue Dog tmosley Wed, 11/01/2017 - 20:37 Permalink

(Matthew 19:24-26 NIV)  Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." {25} When the disciples heard this, they were greatly astonished and asked, "Who then can be saved?" {26} Jesus looked at them and said, "With man this is impossible, but with God all things are possible."Jesus wasn't a cynic philosopher. Jesus IS God. Jesus was God and was with God before He was born as a baby in Bethlehem.(John 1:1-3 NIV)  In the beginning was the Word, and the Word was with God, and the Word was God. {2} He was with God in the beginning. {3} Through him all things were made; without him nothing was made that has been made.(John 17:4-5 NIV)  I have brought you glory on earth by completing the work you gave me to do. {5} And now, Father, glorify me in your presence with the glory I had with you before the world began.   

In reply to by tmosley

U4 eee aaa tmosley Thu, 11/02/2017 - 00:35 Permalink

You need to keep reading:

When his disciples heard it, they were exceedingly amazed, saying, Who then can be saved?

Jesus looked at them and said, "With man this is impossible, but with God all things are possible."

with God, all things are possible. Money isn't damning but holding onto it while others suffer is definitely a sign of a poor spiritual heart condition

In reply to by tmosley

Captain Flash tmosley Thu, 11/02/2017 - 01:14 Permalink

You need to read the whole quote to understand: Matthew 19:24-2624 Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.” 25 When the disciples heard this, they were greatly astonished and asked, “Who then can be saved?”26 Jesus looked at them and said, “With man this is impossible, but with God all things are possible.”So in other words, a man without God is doomed, but with God, rich or poor and you can be saved.

In reply to by tmosley

tmosley JLee2027 Wed, 11/01/2017 - 20:03 Permalink

Jews thought they were the same thing. Which is why they had such a hard time dealing with Jesus, who had no care for money, yet acted as though he were blessed by God.The Pharasees saw wealth as synonymous with God's blessing. This is what made them so evil. They would (and still do) ANYTHING for wealth, becuase if they get it, then they are blessed. That philosophy is not compatable with the West. Jesus' Cynicism was born out of the West (Greece), and with the addition of Hebrew modesty, became suitable for all of the West (namely Rome).

In reply to by JLee2027

HRH Feant2 Juggernaut x2 Wed, 11/01/2017 - 19:20 Permalink

I tried that shit years ago. "Not to be used for identification." That lasted about one week.

Can you enroll in college without a SSN? No.

Can you open a bank account without a SSN? No.

Can you order internet service without a SSN? No.

Can you buy and activate a cell phone without a SSN? No.

Good luck going around trying to tell people that your SSN is not ID. Good fucking luck with that bud.

In reply to by Juggernaut x2

ReasonForLife Juggernaut x2 Wed, 11/01/2017 - 19:01 Permalink

First, there is no beast than the one in your belief, for if you believe in a beast you believe in God, and if you believe in God you also admit that God fills all space and that God is good... So then riddle me this, if God fills ALL space and is GOOD, then where exactly is there space for evil except in the mind of the believer?   So there cannot be a mark of the beast if there is no beast.

In reply to by Juggernaut x2

Blue Dog ReasonForLife Wed, 11/01/2017 - 20:40 Permalink

God is everywhere and God is good yet evil people like yourself are still allowed to live. So what's so complicated about that?(Revelation 13:16-17 NIV)  He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, {17} so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.  

In reply to by ReasonForLife

HRClinton nuubee Wed, 11/01/2017 - 20:59 Permalink

Not falling for the Amazon-IRS honey trap, to trace BTC and potential Capital Gains.When I cash in, my Crypto and I will be outside the USA and its jurisdiction, in a balmy, Tax-Friendly place. Lots of places are jockeying to welcome Crypto Expats.If you like your 50 kg of AU to shlep onto a plane, well, good luck with that, Old Timers.

In reply to by nuubee