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Many Amazon customers would welcome banking services

February 28, 2018

Amazon has flirted with the virtual currency movement in the past, offering Amazon coins for use in games and in-app purchases. It also showed more interest in cryptocurrency recently when it reportedly registered three web domain names relevant to blockchain and cryptocurrency.

Amazon doesn’t offer personal banking, mortgage and insurance services yet, but there is reason to believe it could soon offer all of the above. Within the last several months, McKinsey & Co. and other banking sector sources have suggested Amazon could enter the space soon with market disruption on its mind.

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