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Amazon Collaborates with Worldpay: Is E-Commerce Approaching Ripple?

Amazon Worldpay has announced that its partnerships will provide Amazon Payments for Worldpay merchants.

But that's not the only explanation. It is also widely used outside of this online shopping platform, many retailers and online merchants around the world have chosen Amazon Pay to implement the payment method.

Amazon and WorldPay: New Partnership
However, with Amazon and Worldpay's recently announced partnership, opportunities are expected to expand for traders. This collaboration is a milestone for the whole industry because it makes Worldpay the first to fully activate Amazon Pay for merchants.

Under this collaboration, US-based Worldpay traders will have the opportunity to benefit from Amazon Pay to enhance their customers' online purchase experience.

According to Amazon Pay Vice President Patrick Gauthier, it is now a serious step towards payment services as it will apply to a much larger merchant pool.

The attempt to establish this partnership with Worldpay reflects Amazon's desire to offer payment as a step to the evolution of more large traders. Such a desire has become a serious ground for developing a relationship with a great buyer.

Gauthier also said it would be beneficial for traders, as this move will facilitate the interaction of Amazon Pay with buyers for them and that this partnership will be a starting point for further innovation in the field.

For FIS, this means an opportunity to expand its operations in digital payments. As for Worldpay, it is a new opportunity to open up new markets and increase its competitiveness.

However, in this context, the US fintech, which acquired Worldpay, has been acquired by Fidelity Ulusal Bilgi Hizmetleri A.Ş. It should be noted that (FIS) is a partner of Ripple. Given all these facts, we can conclude that Amazon and Worldpay's partnership is an indirect step towards Amazon's Ripple.

However, it is not the first indirect sign that Amazon is approaching Ripple. Earlier, it is known that Amazon cooperates with Axis, an Indian bank, a participant in the network of Ripple.

Amazon and Axis were working together to make a new payment application to work on Amazon. In this case, the XRP used in Ripple's products was also applied. So, we can say that the XRP is used for Amazon's needs.

Although there is no direct collaboration with Amazon and Ripple, there are many reasons to think that it might be in the future.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph