Bitcoin

<h3 id="em-former-binance-ceo-changpeng-34-cz-34-zhao-has-suggested-amazon-should-start-accepting-bitcoin-as-a-payment-option-his-comments-come-after-reports-that-the-shareholders-of-the-tech-company-urged-its-board-to-consider-incorporating-bitcoin-into-its-strategic-reserves-em">Former Binance CEO Changpeng &#34;CZ&#34; Zhao has suggested Amazon should start accepting Bitcoin as a payment option. His comments come after reports that the shareholders of the tech company urged its board to consider incorporating Bitcoin into its strategic reserves.</h3>Zhao<a href="https://x.com/cz_binance/status/1865854419331600533" rel="noopener noreferrer nofollow"> responded to an X post</a> highlighting shareholder requests for major tech companies to integrate Bitcoin into their treasuries. However, the suggestion sparked debate.<blockquote>Simple. Accept bitcoin payments? &#x1f937;‍♂️ <a href="https://t.co/ud5PVNYHrj" rel="noopener noreferrer nofollow">https://t.co/ud5PVNYHrj</a>— CZ &#x1f536; BNB (&#64;cz_binance) <a href="https://twitter.com/cz_binance/status/1865854419331600533?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">December 8, 2024</a></blockquote>Joel Valenzuela, an executive at crypto payment service provider Dash,<a href="https://twitter.com/TheDesertLynx/status/1865854761414582479?t&#61;HsFY6oNpTIdiF3yzuSYq7Q&amp;s&#61;19" rel="noopener noreferrer nofollow"> challenged</a> Zhao, asking why Bitcoin should be Amazon&#39;s choice for payments when other cryptocurrencies are faster and more efficient.Zhao acknowledged Valenzuela&#39;s concerns, recounting his own experience of making a $17.08 Bitcoin payment, which took 15 minutes to confirm. Despite this, he defended Bitcoin as a better payment option compared to traditional financial systems like credit transfers, which can take even longer and involve errors.The discussion drew significant attention, with many users on X expressing hope for Amazon&#39;s potential adoption of Bitcoin. One user, &#64;realbluedavid,<a href="https://x.com/redbluedavid/status/1865860292489384284" rel="noopener noreferrer nofollow"> stated</a>, &#34;If Amazon starts accepting crypto, it could transform both the crypto market and Amazon, unlocking the future of crypto.&#34;Another, &#64;AhmetCrypto42,<a href="https://x.com/AhmetCrypto42/status/1865855177527312752" rel="noopener noreferrer nofollow"> predicted</a> Bitcoin could become the world&#39;s official currency in the next decade, urging Amazon to adopt it early.Notably, the proposal was <a href="https://twitter.com/TimKotzman/status/1865832907597807992?t&#61;Sjnp6A6iwwq0WjyuQemtsg&amp;s&#61;19" rel="noopener noreferrer nofollow">submitted </a>by the National Center for Public Policy Research (NCPPR). The Washington-based conservative think tank argued that Amazon’s reliance on cash, cash equivalents, and government bonds fails to adequately protect shareholder value.Acknowledging Bitcoin&#39;s volatility, the NCPPR suggested the company allocate at least 5% of its assets to the cryptocurrency. They claim this move could mitigate risks tied to weakening cash and bond yields, positioning the company as a leader in financial innovation while securing its balance sheet against traditional market fluctuations.If you want to read more news articles like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community.</a>&#34;Take control of your crypto portfolio with MARKETS PRO, DeFi Planet&#39;s suite of analytics tools.”

CZ Urges Amazon to Accept Bitcoin Payments Amid Shareholder Push for Bitcoin Reserves

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