Why Amazon (AMZN) Will Choose Litecoin (LTC) in 2018

Why Amazon (AMZN) Will Choose Litecoin (LTC) in 2018

Litecoin (LTC) failed to get the TokenPay partnership its founder hoped for. Could he be out on the hunt for another partnership? Possibly; definitely; or maybe- that’s the big deal for now.

There is perhaps one good reason why Amazon (AMZN) needs a cryptocurrency for payments and another good reason why Litecoin could be the best fit for that.

Amazon needs to have in place a truly networked global payment system that would be user-friendly, secure, and suitable to its business structure. But before we see how Litecoin fits into the picture, it’s good to note that Amazon’s business is expanding very first, into remote locations and over vast networks, including its cloud computing services. For effectiveness, all these would need a robust payment system and added security. Cryptocurrency offers that.

Among the top coins with the global presence to handle Amazon’s need, none comes out better than Litecoin. Already accepted by an increasing number of payment providers, the foundation is already there for it to upgrade. There were rumors of Facebook being in the works, but that was quashed when FB sought to distance itself from cryptocurrency.

That leaves the e-commerce behemoth as the top partnership Charlie Lee and his Foundation should go for. If Amazon were to pick a cryptocurrency, (assuming they don’t develop their own coin soon) then out of the top 10, Litecoin stands out for its closeness to Bitcoin. It would have been Bitcoin, but its slower network and huge fees disqualify it. As a scalable, secure, and cheaper version, it would seem that LTC becomes the next best choice.

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