Ever Increasing Attention of Commercial Companies to Cryptocurrency

Today, almost ten years have passed since the advent of cryptocurrencies. The popularity of currencies such as Bitcoin has made many large commercial companies in the world consider investment in cryptocurrency to be lucrative and even essential. Among these companies, there are some familiar names. Companies that before this, have not had any product or service related to cryptocurrency.

Ever Increasing Attention of Commercial Companies to Cryptocurrency
Ever Increasing Attention of Commercial Companies to Cryptocurrency

Today, almost ten years have passed since the advent of cryptocurrencies. The popularity of currencies such as Bitcoin has made many large commercial companies in the world consider investment in cryptocurrency to be lucrative and even essential. Among these companies, there are some familiar names. Companies that before this, have not had any product or service related to cryptocurrency.
Facebook is one of these companies that had talked about developing its own cryptocurrency a number of times. Recently, in collaboration with the company Libra, Facebook has developed a cryptocurrency with the same name. Though it should be pointed out that that Facebook is not in charge of this collaboration and is only one of the partners of Facebook. Another one of the largest companies that has turned toward cryptocurrencies is Walmart. Walmart is one of the largest chain stores in the world whose hefty income has always been controversial. Recently, this company has been looking into developing its own exclusive cryptocurrency. Research shows that in this way, Walmart wants to resolve that payment problem of its customers. Walmart has stepped even further than this and wants to combine this new payment system with AI and offer new services such as smart suggestions though interest recognition to its customers. There are rumors about Amazon using cryptocurrency as well. Previously, Amazon had published its cryptocurrency named Amazon Coin. Though it should be pointed out that Amazon Coin does not act like other cryptocurrencies, and it is more like a gift card. Many consider Amazon Coin as a kind of test and believe that Amazon will soon have to launch its own cryptocurrency. Today more than 12 million products are being sold at Amazon. Also, in hours when the website has its peak traffic, each second almost 600 purchases are made in Amazon. A new cryptocurrency can help Amazon customers in all these matters. After years of hesitation and pessimism toward cryptocurrency, Google has finally joined the list of companies that will probably launch their cryptocurrency in future. Reports show that, in order to develop its cryptocurrency, Google has entered into negotiations with Vitalik Buterin, the founder of Ethereum, but Buterin has refused Google’s proposition. The next options of Google for this are Charles Hoskinson and Duncan Coutts. Many have shown enthusiasm toward this measure taken by Google and believe that Google does not want to stay behind from other members of FANG, which is the four companies of Facebook, Amazon, Netflix, and Google.
The number of large companies that work with cryptocurrencies is increasing day by day. Many economic analysts consider cryptocurrencies becoming prevalent as a positive thing and believe that one of its direct results is the stability and even increase in the economic growth rate in many countries. The fact that large companies like Facebook, Amazon, Walmart, and Google are turning toward cryptocurrency, plays an important role in cryptocurrencies becoming prevalent.
 

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