Changpeng Zhao Unveils ‘Simple’ Plan for Amazon To Acquire Bitcoin
But Binance co-founder Changpeng Zhao says on the social media platform X that he has an even more simple solution. “Simple. Accept Bitcoin payments?”
At an upcoming annual meeting next year, Amazon shareholders will decide whether the tech giant should consider adding Bitcoin (BTC) to its corporate treasury.
But Binance co-founder Changpeng Zhao says on the social media platform X that he has an even more simple solution.
“Simple. Accept Bitcoin payments?”
Zhao also acknowledged that BTC isn’t a perfect payment method, however.
“I paid $17.08 in Bitcoin yesterday and had to wait 15 minutes for it to confirm. Still better than TradFi though. I didn’t have to call anyone to fix it. It just worked after 15 min.”
The National Center for Public Policy Research, a conservative think tank, submitted the Amazon shareholder proposal last week, requesting that the tech giant’s board “conduct an assessment to determine if adding Bitcoin to the Company’s treasury is in the best long-term interests of shareholders.”
The think tank floated a similar proposal to Microsoft earlier this year, but the firm’s shareholders voted against it this week.
Microsoft’s board formally recommended shareholders vote against the proposal. The “no” vote triggered another volatile move in the price of the leading crypto asset, with BTC dropping from a 24-hour high of $98,327 to as low as $94,386. BTC is trading at $97,111 at time of writing.
