Amazon’s $5b Plan for India’s e-Commerce, Boom for Bitcoin?
Following a recent disclosure that Wal-Mart Stores Inc. is in discussions with India's largest e-commerce company by sales Flipkart Ltd., Amazon is making a similar push with the aim to make Amazon India's top online store by sales ahead of the Diwali shopping season. Flipkart, Amazon and the “festival of lights”. Flipkart had earlier held discussions with Chinese e-commerce company JD.com Inc. for a possible investment a few months ago but it didn't result in a deal. An alliance with Wal-Mart would bolster its fight against Amazon and other Indian competitors, such as Jasper Infotech....
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Security is becoming more and more important in recent years,a s technology evolves at an accelerated pace. Most people use various services and platforms every day, without taking proper precautions to keep their information safe. Storing a secret crypto key in the cloud has never been a bright idea, and it was only a matter of time until a new type of attack was developed to steal this data. Despite there being multiple cloud-based storage solutions on the market right now, most people will use Amazon’s EC2 platform. Due to its relatively cheap price, and ease-of-use in terms of setting....
Speaking of Bitcoin in India, LocalBitcoins saw an increase in volume last week. If there is one thing India’s banknote ban has taught us, it is how the plan did not work. Swapping the most widely used currency for new bills was an attempt to remove “black money” from circulation. But it turns out most banknotes have been swapped successfully. Either there is no significant amount of black money in the cash economy, or the bad actors moved wealth into other assets. In the end, it appears this cash swap serves no real purpose. One of the more pressing questions is whether or not India’s....
“It begins with Bitcoin,” an anonymous insider said in describing Amazon’s intent to enter the cryptocurrency payments arena. An anonymous source within Amazon has reportedly told London business newspaper City A.M. that the e-commerce giant is planning to accept Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions. “This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon....
Amazon has positioned itself to become one of India’s e-commerce leaders. Purse.io, an online marketplace that allows discounts on Amazon by using bitcoin, is helping Amazon achieve its goal by allowing bitcoin users to receive discounts between 15 and 22% using Purse’s “Name Your Discount” program, Purse announced. Users that are already using Unocoin, an India-based exchange, to purchase bitcoin are already set to receive discounts on food, clothes and electronics. Unspent Card Balance For Bitcoin. Purse leverages unspent gift card liquidity to pass on discounts to Amazon shoppers. Purse....
The overturning of India’s cryptocurrency ban has made the market a focal point for Bitcoin projects, with outside capital looking to take advantage. The post The Rush To Own India’s Bitcoin Market Is Back On appeared first on Bitcoin Magazine.