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/biz/ - Business & Finance

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5012042 No.5012042 [Reply] [Original]

why has no major corporation implemented their own crypto-currency like amazon, paypal or google so that the damned thing would make any sense at all for it purpose - payment?

>> No.5012089

>>5012042
Because it’s not possible for a corporation to “own” a decentralised cryptocurrency.

It seems like you don’t understand some of the fundamentals of what you’re dealing with. Go and buy XRP with all the other brainlets.

>> No.5012113

>>5012042
>oh look, this item costs 5AMZ
>F5
Now it costs 10AMZ
>F5
Now it costs 7AMZ... I think I'll wait for it to dip to 2AMZ

>> No.5012153

>>5012113
>>5012089

crypto seems like a great idea basically. however it's ideal purpose lies in its secure transaction possiblilties sth like paypal. when it is only used for hoarding by nerds it converges into a giant ponzi scheme.

>> No.5012174
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5012174

>>5012089
>not possible for a corporation to “own” a decentralised cryptocurrency.
holy fuck the type of shit i read on here.

>> No.5012181
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5012181

>>5012089
>Go and buy XRP with all the other brainlets.
I'll wait for you in Lamboland, dw senpai.

>> No.5012218

>>5012089
>XRP

thanks for the advice! up 30%!

>> No.5012252
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5012252

>>5012042
I am not clear on what you mean by implementing their own "currency".

Looking at this broadly, reward schemes for business transactions have been around for a long, long time, where if a customer buys certain goods or spends a certain amount of money, they are rewarded, in points for example, which are transferable across other businesses. Including network transactions.

Cryptocurrency is slightly different as a lot of tokens have to be interchanged before becoming useful for otc retail.

>> No.5012253

>>5012218

Learned today that eBay is considering taking Bitcoin for purchases: https://www.cryptocoinsnews.com/ebay-seriously-considering-adding-bitcoi......

>> No.5012301
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5012301

>>5012089
kek'd

pic related.

>> No.5012370

To be honest, I've neither seen nor heard anyone that has gotten rich off bitcoin. Sure, as long as they're holding it, they're rich, but haven't heard of anyone actually cashing in all that wealth and buying goods with it. Not saying they're not out there, but I have yet to hear about them.