Recently there has been speculation that Amazon may be on the brink of accepting cryptocurrency payments, via the likes of Bitcoin, for goods on the marketplace.
And the latest moves suggest that it is at least on the radar at Amazon because they’ve been on a shopping spree for domain names. Amazon has registered three new cryptocurrency-related domains, according to the blog at DomainNameWire. The domains are amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. Apparently Amazon already owns the “amazonbitcoin.com” domain name.
As ever, Amazon has been tight lipped about any plans it has for accepting any cryptocurrency as a payment method. Indeed, Amazon Pay Vice President Patrick Gauthier said last month that Amazon had no plans to accept cryptocurrency because there hasn’t been sufficient demand yet.
There have been rumours in the past, including about eBay accepting Bitcoin, but there hasn’t been any movement. Indeed in 2014 we reported that eBay was “actively considering” accepting it as a payment method and that was pretty much the last we heard of the idea.
It seems most likely that Amazon is simply protecting its brand name by speculatively buying up related domain names it fears that others could misuse. It makes good sense. Don’t forget that the amazonbitcoin domain was bought over three years and nothing has happened there.
It strikes us that the world of virtual currencies is one which concerns tech journalists and geeks predominantly, but it isn’t something which has yet to sufficiently impact the popular consciousness enough yet for Amazon to consider them as a payment method. Yet.