Changpeng Zhao Opens Voice About The Possibility Of Amazon Buying Bitcoin

JAKARTA - Amazon, a world technology giant, will discuss the possibility of Bitcoin investment in its annual shareholder meeting. Shareholders are scheduling whether the company needs to consider Bitcoin (BTC) as part of their treasury or not.

The idea was proposed by the National Center for Public Policy Research, a conservative research institute that believes the move could bring long-term profits to shareholders.

In its proposal to Amazon, the National Center for Public Policy Research asked the company to conduct an in-depth study of the potential of Bitcoin as a corporate asset. According to them, this step could be an innovative strategy amidst the growing popularity of digital assets in various economic sectors.

Previously, a similar proposal was submitted to Microsoft earlier this year, but last week Microsoft's shareholders rejected the proposal. At that time, the price of Bitcoin had fallen from US$98,327 (Rp1,573 billion) to 94,386 US dollars (Rp1.510 billion), before returning to stability at US$100,000 (Rp1.6 billion).

Binance founder Changpeng Zhao or a figure who is familiarly called CZ, also spoke about this. According to him, there is a simpler solution that Amazon can take, namely starting to accept payments with Bitcoin.

"I just paid 17.08 US dollars (Rp273,280) using Bitcoin yesterday, and it only took 15 minutes to confirm. It's still better than the traditional banking system, where I don't need to call anyone to solve it," said CZ quoted Coinpedia, Thursday, December 12.

Even so, CZ also admitted that Bitcoin still has a shortage as a means of payment. One of them is the relatively long transaction confirmation time. However, he still thinks Bitcoin is superior for global transactions because it is free from third-party interference.