Amazon registers cryptocurrency domains

[NumLock21]

Amazon has just bought 3 web address related to cryptocurrency. The web addresses are, amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. They also had one call Amazonbitcoin.com, which was registered back in 2013.
 

Quote

 

• As CNBC pointed out, Amazon Pay vice president Patrick Gauthier said only last month that the company has no plans to accept payments in virtual currency, due to a lack of demand.
• Joseph Lubin, one of Ethereum’s co-founders, said just last week that such tools could be used to build a decentralized competitor to Amazon, made up of “many different actors with different roles.”
• ... at this point only Amazon knows why it registered those domains, and—we have asked—it’s not telling.

 

http://fortune.com/2017/11/02/amazon-cryptocurrency-domain-name-registration/

[Enderman]

It's probably so that people with malicious intent don't buy them and use them to scam people pretending to be amazon.

[Taf the Ghost]

While it's likely just domain parking to prevent problems, the whole part with Block Chain approaches is inter-connected cost decreases. That's why the tech is here to stay. It could potentially drop transaction costs by a factor of 100. Considering how much Amazon is paying for transactions, they will have been exploring the tech already. (It's not quite there yet, but mostly for legality issues than anything else.)