The American retail company Amazon is working on the launch of a new company, which could be ready between June and August, framed in the universe of cryptocurrencies.

According to information provided by Blockworks, Amazon would enter the world of digital assets with the purpose of promoting crypto games and non-fungible tokens (NFTs).

The retail giant plans to buy various NFT platforms, as well as “tier 1 blockchain and play-to-earn crypto gaming companies.” Without a doubt, a step that would open more doors for the company in the cryptographic market.

From Amazon they have not yet issued an official statement; However, the information obtained by Blockworks suggests that this will be the case in mid-2023.

This initiative would become a way to compete with other big companies in the crypto universe, such as Rarible and OpenSea, which manage millions of users and high profits.

Amazon could have a good chance to compete in this segment, with its more than 300 million users worldwide, as well as being another way to engage millions of investors.

Source: morocotacoin

(Reference image source: James Yarema, Unsplash)

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La entrada Amazon prepares launch of crypto company apareció primero en Bitfinance.

The Monetary Authority of Singapore (MAS) announced the pre-selection of 15 participants for the “Global CBDC Challenge”, from which a team for the development of an internal retail cryptocurrency will result.

The announcement reflects the participation of six local companies, four from the United States, one from Australia, and one from Barbados, Germany, France and Switzerland.

Of this group, there will be three companies that will finally work on the development and implementation of a retail CBDC in Singapore.

This initiative will be complemented by a cash award of $ 37,000. As discussed in a previous announcement, the 15 finalists will be mentored by MAS and “will be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.”

Singapore authorities made moves in favor of cryptocurrencies throughout 2021. Recently, MAS gave “approval in principle” to the Australian crypto exchange Independent Reserve, allowing the firm to “operate as a regulated provider of digital payment token services. (DPT).“

K. Tovar

Source: Cointelegraph

La entrada Singapore selects companies for CBDC development apareció primero en Bitfinance.