
…their own token. In September 2017, the chat giant Kik launched an ICO raising $75 million dollars. Overstock, a publically traded e-commerce company, has seen its stock raise by 30% since announcing it plans to ICO this December.
This seems likely if bitcoin cannot keep up with Amazon’s required transaction speeds. Potential contenders are ripple (1000+ TPS) and monero (1000 TPS). This scenario could definitely endanger bitcoin’s reign as the top cryptocurrency. A fictional deal with Visa raised the value of the Monaco cryptocurrency by almost 700%. If Amazon chooses to go this route it probably wouldn’t kill bitcoin, but whatever coin they went …