Friday, January 17, 2020

A Small Percentage Of Amazon Users Are Interested By Purchasing Cryptos On The Platform

Babatunde Modupe
I am a freelance writer, Poet, blogger and cryptoenthusiast that is totally interested in blockchain technology and sharing it's Information with others.

A recent survey by shows that 13 percent of Amazon users are interested in purchasing cryptocurrency from the retail store.

13 Percent Of Amazon Users Interested In Purchasing Crypto From Amazon

According to a survey of 1000 customers of the platform, about 13 percent of the customers are interested in purchasing cryptocurrencies from the site. The survey identified what the customers would like to purchase on the store and what they do not like.

Other things the customers are interested in purchasing on the website are healthcare coverage which 15 percent are interested in, public transportation 13 percent interested, and medical marijuana which has 13.5 percent interested in purchasing it.

These services are somethings which most people may not be comfortable with on a platform such as Amazon. However, the respondents think that the online retail site would eventually offer the services.

Awareness of cryptocurrency is no longer a new thing as many already know about it. The demand for the sale of cryptocurrency on the retail site can be said to stem from its large millennial customer base that is interested in being served with the service. Likewise, interest in medical marijuana also stems from the same reason. The survey also indicates that the millennials spend about $123 a month, the Gen Xers spend around $118 while baby boomers about $102.14.

Promoting The Use Of Cryptos

Even as the awareness of the crypto industry has grown over time, there is still a need for more awareness on the usage and storage. Recent step taken by the Gemini exchange owned by Winklevoss twins to increase the awareness of cryptocurrency is another positive step in growing the popularity of the industry.

Use of Cryptocurrency By the Online Retail Store

Recently, the Binance CEO, Changpeng Zhou stated that Amazon would have to introduce its cryptocurrency sooner or later. He stated this while emphasizing the importance of cryptocurrency in a tweet post recently. Zhou stated that he does not understand why any internet based business would not accept crypto for payment. He further noted that it is cheaper and easier to integrate than traditional payment gateway.

In recent time online stores have grown in crypto adoption. Presently, about 11 online stores accept cryptocurrency. This includes Microsoft and Overstock. Overstock accepts several cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dash, and Monero for its products which ranges on electronics to health and beauty items.

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