Why Did Amazon Buy Up Cryptocurrency URLs?

Amazon.com (AMZN) has made a name for itself in part by its ventures into cutting-edge technology and product offerings. The company has flirted with delivery by drone, expanded into media content generation with its own line-up of television shows, and much more. With each step, the company has gained a wider following and a greater dominance over a larger and larger space; it has moved far beyond the e-commerce outfit it began life as. Now, some analysts are speculating that Amazon may be looking to get into the burgeoning cryptocurrency space, as the company has reportedly bought up a number of cryptocurrency-related domain names.

Not the First Time Amazon Has Suggested Cryptocurrency Moves

Although spokespeople for the company have been tight-lipped, this is not the first time that Amazon’s actions have led some customers and investors to speculate that the company is preparing a cryptocurrency launch. The tech giant previously bought up domain names like amazonbitcoin.com, although that website has never been active. Then, according to multiple news reports, in mid-November, Amazon bought up a series of new domain names as well. Suddenly, speculation began all over. The new URL purchases are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com…

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