Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names

On October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name.

However, during an interview, Amazon Pay’s VP Patrick Gauthier stated that Amazon does not plan to accept cryptocurrency since there is little demand. Considering that the majority of online payments are done via debit and credit cards, Gauthier’s statement sounds reasonable and convincing. It’s possible that Amazon bought the domain names simply for defensive purposes and has no plans to accept digital currency.

It’s reasonable to assume that if Amazon eventually accepts cryptocurrency, the entire market could be lifted.