What, if anything, is Amazon planning to do in the cryptocurrency space? That’s the question after the cloud and retail giant was spotted registering three web domains relating to the field this week.
As first reported by Domain Name Wire, on Tuesday Amazon’s legal department secured the following web addresses: amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com.
The company already has amazonbitcoin.com, but that registration took place in 2013—the address now automatically forwards to Amazon’s main site, whereas the more recently-registered domains don’t serve up anything yet.
Amazon is not-so quietly shaping the future around its ever-expanding business, so it makes sense they’d want to get in on cryptocurrency, too.
The company wants to build a fleet of package-delivering drones. They maybe want to build giant drone hives in a city near you. They’ve got grocery stores and devices you can ask to set a timer or play a song. Now, according to Whois data, an Amazon subsidiary registered amazoncryptocurrencies.com, amazoncryptocurrency.com, and amazonethereum.com on Oct. 31.
After Domain Name Wire broke the news of Amazon’s latest registrations on Wednesday, some guy called Byron Wiebe also registered amazonripple.com, which forwards to the website for the Ripple cryptocurrency.
The news was first reported by DomainNameWire, and, as they wrote, Amazon might just be buying up the names so nobody else can profit off a feigned association with their brand. Coindesk pointed out that Amazon registered amazonbitcoin.com four years ago, and that just redirects to the company’s regular homepage.
Or maybe Jeff Bezos recently spent some time reading about how Bitcoin is doing better than ever, and decided to jump into the cryptocurrency pool.