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ALERT! Amazon Will Accept Cryptocurrency SOON!! Which Altcoins Will PUMP!? - YouTube
Channel: Chico Crypto
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Enterprise, enterprise….enterprise. The BIG
dogs of the world are getting gungho on crypto…
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Us as individuals, who joined early can be
considered the innovators, early adopters… but
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now the enterprises who realize crypto is the
future can become part of the early majority.
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So who are the enterprises who will take the
road less traveled, diving into crypto to save
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their companies futures?? Tune in as we break
it down…because it’s time for Chico Crypto!!
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Innovators, early adopters, early
majority…what do you mean Chico?
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Well have you ever heard of the technology
adoption lifecycle chart and curve? It’s
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a chart and model that describes the adoption
or acceptance of a new product or innovation,
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according to the demographic and psychological
characteristics of defined adopter groups.
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#1 is the innovators, they make up
2.5 percent of the technology users.
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#2 are the early adopters. And they make up 13.5
percent of the technology users. #3 are the early
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majority and they make up 34.5 percent of the
technology’s users. #4 are the late majority and
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they make up 34.5 percent as well. And #5 are the
laggards….they make up 16 percent of the users.
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So how does this curve fit into crypto…well,
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anyone who joined in 2013 or before, in my
opinion can be considered an early adopter.
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This was made up of mostly individuals, new
crypto companies, and barely any enterprises.
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Microsoft was one of the earliest, as they began
accepting bitcoin for some of their products.
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With the crypto crash that followed 2013, we
fell into a small chasm…a point of questioning
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the technology, but after we crossed the Chasm,
and a new hype cycle began in 2016 it was time
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for a new batch of adopters. The early adopters.
A bunch of new users joined especially in 2017
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and some enterprises started to get into crypto.
This was when the Ethereum Enterprise Alliance
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was formed…things were looking good for the
tech as big names, Microsoft once again,
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and even JP Morgan jumped into the crypto
bandwagon. Also there were the likes of
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Jack Dorsey’s Square getting into the
crypto game, with Cashapp and Bitcoin.
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But after 2017 and into 2018….we fell into the
big scary Chasm.The big crypto crash where BTC
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fell from 20k all the way down to 3k. This was
the biggest test and questioning of blockchain
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technology. Many people thought it was over…BTC
and crypto hadn’t broken into the mainstream….and
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proof of this, Microsoft stopped accepting
Bitcoin as a payment option in 2018…
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Big names were backing out of crypto….Until we
crossed the chasm in 2019 and a new hype cycle
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started…leading us into where we are today.
The early majority phase. Where many, many
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individuals and enterprises are going full
throttle on bitcoin, crypto, and NFTs.
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We all know about the big names jumping in
now. Visa, Mastercard, Paypal, Microstrategy,
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Tesla, and many others are
all joining the crypto train.
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Shoot there are even major sports arena’s
being named after crypto companies…the
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home of the Miami Heat, formerly American
Airlines Arena..is now named the FTX arena
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and just yesterday…the infamous Staples center
is being renamed to the crypto.com arena
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There is no doubt, crypto has
broken into the mainstream…we
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are in the early majority phase…so the question
is…who is NEXT? Who is going to be the next
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enterprises to adopt crypto…and secure themselves
an early majority spot, in the future of crypto??
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Everyone knows about Apple…CEO Tim Cook announced
that his company was looking at cryptocurrency
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just last week, firmly stating that
crypto was on the company’s radar,
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saying “there are other things that we’re
definitely looking at,” with regard to crypto,…
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But what about an enterprise people
don’t necessarily know about??Well,
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Well…well how about Amazon?? There was news
yesterday that dropped…”Amazon was to stop
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accepting Visa's UK-issued credit cards over the
high fees” and the article states “"As a result of
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Visa's continued high cost of payments, we regret
that Amazon UK will no longer accept UK-issued
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Visa credit cards as of 19th of January 2022," an
Amazon spokesperson said in an emailed statement.
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Hmmm I wonder why Visa is looking to use USDC
as payment rails? In March of this year it was
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announced Visa would be the first payments network
to settle transactions with the stablecoin.
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But what if Amazon could skip Visa
and just accept crypto and stablecoins
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itself?? Eliminating any visa fees….
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Well it looks like that could be
happening. November 1st the news
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was broke that Amazon was looking to
hire a digital currency and blockchain
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expert…signalling their growing interest
in the crypto space. Interest how though??
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From the CNBC article “According to a
recent job posting, Amazon’s payments
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acceptance and experience team is seeking
to hire an experienced product leader
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to develop Amazon’s Digital Currency and
Blockchain strategy and product roadmap.”
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Their payments acceptance and experience team
is looking for a blockchain and crypto expert
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to help develop their strategy and product
roadmap. Amazon is looking to cut out all
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middlemen and go directly to the consumer through
blockchain technology which means cryptocurrency!!
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Big news, but I have something even bigger!!
What about the World Economic Forum?
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First who are they?? Well the WEF is
an international non-governmental and
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lobbying organisation which is mostly funded
by its 1,000 member companies – typically
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global enterprises with more than
five billion US dollars in turnover!
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A short list of some of their enterprise
strategic partners includes Deloitte,
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Ernst & Young, PWC, KPMG, Accenture,
IBM, Hitachi, WiPro and many many others.
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Well the WEF has been going hard into
cryptocurrencies this year, putting out
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a community paper in June of this year titled
“cryptocurrencies: a guide to getting started.
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Specifically mentioning Bitcoin, Ethereum, Zcash,
Monero…but also in the scaling section-Algorand,
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Cardano, Celo, XRP Ledger, Solana and Steller….
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This was big news when it dropped back in
June, and the cryptocurrencies mentioned
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got a big ole JUMP…but this was just
a community paper, if you go down into
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the authors of the paper, it was authored by
crypto names like Andressen Horowitz, Uniswap,
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Stellar…not one person from the World Economic
Forum authored this, but they did review it….
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Now just 2 days ago, the WEF put
out not a community paper, but a
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whitepaper…titled “Articulating Value from Data”
and if we scroll down to the authors…there is
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a specific section of World Economic Forum
contributors and authors to this Paper…it’s
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different, it’s a whitepaper for
WEF and it’s member enterprises.
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Now guess what cryptocurrencies they mention in
this whitepaper, on articulating value from Data??
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Only 1 is mentioned in this paper…in
the section 2.3 Data valuation for
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collaboration and innovation” under the section
innovator…they say “Ocean Protocol (Ocean) is
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an opensource protocol that enables data owners
and consumers – individuals and businesses – to
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exchange and monetize data and data-driven
services in a decentralized marketplace.
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The company introduced an initial framework for
pricing data that recognizes the unique features
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of information and reduces friction due to
seller paralysis and lack of market structure
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typical of data marketplaces. Ocean also recently
launched the Compute-to-Data environment, which
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allows computations to be run on data without
moving it – resolving the trade-off between data
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owners who want privacy and control, and
data buyers who want to access valuable data
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for analytics and to improve business outcomes
without liability. Ocean introduces algorithms
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as a new type of asset that can be public or
private and have a dynamic or a fixed price,
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just like data sets in their marketplace.
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The WEF, considers Ocean protocol an
innovator of DATA, they specifically
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mentioned this in one of their own
whitepapers, not a community based one.
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But this isn’t the first time
Ocean has been hailed by the WEF.
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In June of this year, the WEF released
the list of 100 technology pioneers for
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2021…which included many blockchain companies,
but only 3 with tokens. That was #1 AAVE,
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#2 Ocean Protocol & #3 Parity Technologies
aka Polkadot..and it goes even deeper than
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that…Ocean Protocol is actually one of
the 1000 member organization of the WEF…
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Their ties to the world economic
Forum…go deeper than the OCEAN…and
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that’s just scratching the surface.
Cheers viewers, I’ll see you next time!
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