Amazon May Soon Accept Bitcoin (And Sell the Data to Law Enforcement)
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Amazon May Soon Accept Bitcoin (And Sell the Data to Law Enforcement)

THELOGICALINDIAN - Amazon Technologies Inc a accessory of American cyberbanking business and billow accretion behemothic Amazoncom Inc has won a apparent for a exchange that offers abstracts feeds More important the patented exchange includes bitcoin transactions

The U.S. Apparent and Trademark Office has accustomed Amazon Technologies’ filing for a patent on a alive abstracts marketplace. The apparent in catechism was originally filed in September 2014 and makes advertence to bitcoin affairs twice.

As noted by CNBC, the aboriginal bitcoin-related instance declared “a abstracts beck that publishes or includes all-around bitcoin affairs (or any cryptocurrency transaction).” The apparent provides an example:

Patent Approved

CNBC additionally addendum that the patents additional bitcoin-related archetype describes how a law administration bureau may be absorbed in all-around bitcoin transaction abstracts in adjustment to associate bitcoin wallet addresses to IP or concrete addresses. Reads the patent:

Whether or not Amazon’s affairs are a acceptable affair or not charcoal to be seen.

One one hand, accouterment law administration agencies and regulators with a abundance of bitcoin-related (or added cryptocurrency-related) advice acutely detracts from cryptocurrency’s affiance of about anonymity – admitting the accessible balance is, as the name describes, public.

On the added hand, accouterment Amazon and it’s abiding of vendors with an able apparatus to acquire bitcoin payments is a massive addition to the ascendant cryptocurrency’s adventure for accumulation acceptance. With Amazon arch the charge, it’s safe to accept that every added online exchange would accept to chase suit, lest they accident falling added abaft the online behemoth.

What do you anticipate about Amazon Technologies’ patent? Do you anticipate the abeyant pros outweigh the abeyant cons? Let us apperceive in the comments below!

Images address of Bitcoinist archives.