Schlagwort: crypto business

Amazon CEO Andy Jassy has said that the e-commerce giant is not close to accepting cryptocurrencies for payments, but believes the crypto sector has the potential to realise even bigger growth in the future.

Jassy said this during an interview with CNBC on Thursday, telling ‘Squawk Box’ host Andrew Ross Sorkin:

“We’re not probably close to adding crypto as a payment mechanism in our retail business, but I do believe over time that you’ll see crypto become bigger,”

The Amazon exec’s comments come at a time many companies continue to lean toward accepting digital assets for payments. The e-commerce had itself signaled some intent on the subject after it advertised for a crypto and blockchain expert in 2021.

But it appears the eventual adoption of cryptocurrencies as a payment option at the world’s largest online retail business is not something that will come anytime soon.

Amazon could sell NFTs

Non-fungible tokens (NFTs) have caught on big time, with almost every other big company either already tapping into the digital assets, or looking to do so. The UK government is one of those looking to create an NFT in 2022.

So it might not be surprising that Amazon could start selling NFTs. NFT sales account for billions of dollars worth of trades, with this year likely to eclipse the $17.6 billion recorded last year.

According to Jassy, the sector could see even more growth and it is possible for Amazon to explore the business of selling NFTs. Amazon’s online retail business competitor eBay already sells NFTs on its platform.

“I think it’s possible down the road on the platform,” he told CNBC.

The Amazon CEO’s comments came after his first shareholder letter since replacing Amazon founder Jeff Bezos in 2021. He says he doesn’t own any Bitcoin or NFTs.

The post Amazon CEO says crypto will boom, company could sell NFTs appeared first on Coin Journal.

BingX has tapped into WOO Network’s deep liquidity to boost its trading platform via a better price execution and faster transactions.

BingX, an innovative social trading platform for digital assets, has partnered with crypto liquidity platform WOO Network to help boost price execution and transaction processing.

The partnership will see BingX users tap into Wootrade, WOO Network’s institutional-grade liquidity solution for liquidity support.

According to details shared via a press release on Thursday, Wootrade will be freely accessible to BingX users. With the integration, it’s now possible for customers to “plug into” the solution and benefit from its deep liquidity.

The liquidity pools are available for all the main pairs, the trading platform wrote in the release.

“WOO Network is excited to explore providing liquidity to  BingX, a platform that plays a very innovative role in bringing crypto-asset trading to the global stage,” said Ran Yi, WOO Network’s Chief of Ecosystem Development.

He added:

“BingX’s focus on compliance and security makes them an ideal partner to develop new markets and bring more volume to our network.”

Better price execution

The partnership is set to boost BingX’s status as a platform for investors seeking faster and better services.

Specifically, the deep liquidity is set to enhance customer confidence as order books increase. The overall trading experience will also improve with faster transactions and better price execution- something that will significantly cut trading costs.

BingX has added several coins in recent months as it looks to attract more customers and provide the best trading experiences for its users. Among coins added recently are Avalanche (AVAX), Algorand (ALGO), Sushi (SUSHI) and Solana (SOL).

These are among over 300 spot trading pairs on the platform, with earlier support including OmiseGo (OMG) and Stellar (XLM).

The post BingX integrates WOO Network’s deep liquidity solution Wootrade appeared first on Coin Journal.

Blockchain.com, one of the leading cryptocurrency companies that offer products such as crypto wallets, has partnered with Dallas Cowboys, an American football team based in Texas. This is the first time a crypto firm is partnering with an NFL team.

The partnership comes barely less than a month after Dallas Cowboys announced that it is open to blockchain partnerships meaning the club will be able to collaborate with crypto firms ranging from crypto exchanges, wallet providers, and NFT platforms.

What’s in for Blockchain.com in the partnership?

Following the partnership, Blockchain.com will get a space inside the AT&T stadium, which is the home ground for the Dallas Cowboys club. The digital asset firm will also get the right to social/digital integration with the club, get highly visible signage within the stadium bowl, and also get significant television, radio, and digital advertising.

Considerable branding, content, and advertising shall also be included in the agreement.

While announcing the partnership at a press conference this morning at Dallas Cowboys’ headquarters, the owner and president of the club, Jerry Jones, said:

“We take pride in being the first team in the NFL to sign an official cryptocurrency partnership, and are proud to venture into this innovative business with Blockchain.com.” 

Jones articulated pride for the club becoming the first NFL team to sign an official crypto partnership and expressed confidence that Blockchain.com will help the club connect with fans online and virtually.

On his side, Blockchain.com CEO, Peter Smith, believes the partnership is a major step towards increased crypto usage and knowledge, especially within the Dallas Cowboys community in Texas.

Blockchain.com to run a special promotion for Dallas Cowboys fans

Following the partnership, Blockchain.com plans to run a special promotion, and Dallas Cowboys fans who sign up on the Blockchain.com platform with their email addresses and make purchases of $100 or more in crypto during the next week shall get a $50 bonus in cryptocurrency.

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