- Binance CEO claims that Amazon and other e-commerce giants will inevitably issue a cryptocurrency
- Amazon sellers get affected by Ant Financial’s acquisition of WorldFirst, the payment system used by Amazon
- Amidst the trade was between the US and China, private companies like Amazon gets affected due to the imposed trade restrictions
Binance CEO has a Solution To Payments-Related Problems Faced By Internet-Based Businesses?
Binance CEO, Changpeng Zhao, seems to have a solution for the payment troubles and limitations faced by E-commerce giants and the medium scale businesses looking to expand globally. The solution given by him is cryptocurrency adoption. He cited that cryptocurrencies are more efficient and have a secure global reach. He stated in a tweet that,
For any internet (non-physical) based business, I don't understand why anyone would not accept crypto for payments. It is easier, faster and cheaper to integration than traditional payment gateways. Less paperwork. …
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