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!