Report: 12.7% of Shoppers Want Amazon to Sell Crypto Services, is it a Possibility?

Only 12.7% of Amazon customers want the marketplace to sell crypto products or services, according to a new report.

Global financial portal Investing.com surveyed more than 1,000 Amazon clients to study their consumption rate from the online portal. The survey included a section that discussed possible products – hypothetical services that Amazon should offer as a part of its industrial expansion.

Respondents, who were allowed to select multiple options, voted mostly in favor of an Amazon-backed computer offering (72.9%), followed by local coupons and deals (51.7%), prescription drugs (36.7%), home security (31%) and even medical marijuana (29.5).

13.7% Amazon clients want the portal to list cryptocurrency products | Source: Investing.com

Flirting with Crypto

The Investing.com survey followed years of speculation that Amazon would integrate cryptocurrencies like Bitcoin on its platform. Enthusiasts expect the e-commerce behemoth, which serves 310 million customers worldwide, to drive a massive crypto adoption in the future. However, the US-based company had not shared any fancy plans that hint a potential crypto-integration on its platform.

At the same time, Amazon has flirted with the idea. In November 2017, media reports indicated that the company had acquired digital currency-related domain names. The hype later died as the crypto market as a whole headed into the financial years, losing one-third of its value by the end of 2018.

In the same bearish year, Amazon won a patent for a data streaming platform that would allow people to view cryptocurrency transactions in real-time. The application mentioned Bitcoin, saying that retailers could combine a user’s bitcoin wallet address with his/her home address to create a merged data record.

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by Davit Babayan on February 07, 2019 at 08:00PM