Binance CEO: Amazon will have to issue a cryptocurrency "sooner or later"
A recent twitter post by CEO of Binance, Changpeng “CZ” Zhao, questioned why more internet based business’ haven't started accepting cryptocurrencies. Within the tweet CZ elaborates that crypto is fast, cheaper and easier to integrate than traditional methods of payment. There are currently around 11 major online retailers accepting Bitcoin, it seems that this isn’t quite enough for CZ who quite wonders why other retailers haven’t followed suit. CZ posited that rather than accepting crypto Amazon itself would create a cryptocurrency, soon. This is a trend that seems to be evolving. Facebook’s attempt at creating their own crypto is currently underway, with the major social media firm looking to implement a digital currency via WhatsApp.