LITECOIN- A potential form of payment for Amazon's Employees OR a can't beat investment opportunity??

As Amazon continues its reign as one of the top FAANG companies controlling the market, they will soon be needing to expand upon their global payment network to meet such growing responsibilities. Amazon is one of the fastest growing companies in the world and they are in dire need of a methodology to help deal with this massive growth potential which they are currently experiencing.

This takes into account not only customer acquisition, but also includes their fast pace growth in employee numbers as well. All the way from Amazon’s widespread centers for distribution, to their delivery workers, Amazon has a massively growing base of employees that is only going to continue to expand.

What may be more significant, however, is Amazon’s growing collection of digitally contracted workers, whether it be through sellers on their site, contacts from associate programs, or remote workers through Amazon Mechanical Turk. With all of this transpiring corporate growth, there is going to be an enhanced requirement for an improved and more efficient structural payment system in order to meet such intensified demands.

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Litecoin, with the addition of Litepay, provides a realistic opportunity for Amazon to improve the efficiency of their payment system, while also taking a step forward in technological innovation with specific improvements we are seeing with cryptocurrencies and the widespread awareness of decentralization as a potential opportunity for the future.

Litepay, as a digital payment processor, could be the answer that Amazon is searching for. As previously mentioned, this corporate giant is immensely in need of a more advanced, but still readily easy to use payment system, which is really what LTC and Litepay could potentially offer.

Amazon has a number of current outlets, as well as developmental processes in the works that will require a stricter & more uniform payment protocol that can be effectively utilized both domestically and internationally. Handling payments for over half a million employees would be tough, especially in the rapidly growing age of technological advancements in automation, manufacturing, and artificial intelligence (among countless others of course).

Litecoin offers a fully digital payment option, which also introduces a new feature with augmented security features. Also, LTC has very rapid transaction times and relatively low transaction fees when compared to that of Bitcoin, for example. In addition to this, Litecoin has a fairly long history (when compared to other notable cryptos that could be adopted for payment option) on the market, which provides additional reliability as a potential choice for probable payment option.

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Amazon could also use this as a broader, more wide-ranging program in a comprehensive attempt to take advantage of the vastly growing crypto market and consumer base which the company has and continues to acquire. Payments made to Amazon in Litecoin could provide the liquidity and capital for heightened distribution to its expansive and rapidly growing personnel. This realistically could formulate a positive feedback circuit for Amazon’s digital currency efforts, as paying laborers in LTC, as well as accepting LTC as a payment option, which could very well provide an incentive for an increased spending portal for that of Litecoin.

This could be thought of more simplistically as to how Amazon currently provides its non-domestic, contracted workers the opportunity to redeem their earnings in Amazon gift cards rather than their preferred choice of fiat currency, for example. Rather than having a currency tied solely to Amazon, via their current gift card program, LTC is a currency that can be spent on a broad range of spectrums or cashed out via relative crypto exchanges. These characteristics provide an increased potential for even greater usability, especially if Litepay debit cards become a usable feature moving ahead, into the near future.

This may, however, bring about some rising concerns for Amazon employees. Many probably would not prefer this method of payment due to the intense volatility that is often times associated with cryptocurrencies when compared to that of fiat. As Amazon continues to expand, the need for a uniform payment option, as I mentioned, becomes more and more of an inevitability for their future success of meeting such intensified demands.

Litecoin would provide Amazon workers with a digital payment method, which fits hand in hand with the digital-based work that they are accomplishing as a company. This could then be used at their discretion, and provide the ease and security many have probably been hoping for. This fits directly with the creation of portals for exchange of their fiat currency, which are quickly becoming more universal across the globe, or at least more accessible through the IoT trend and the rise of blockchain technologies.

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It would also give Amazon employees the opportunity for more appreciation, which could turn a low-wage paying job into a more lucrative offer given the opportunity for investment as a payment. It also suits the trend towards the growing gig economy, where workers can hold a short-term affiliation with Amazon, similarly to how one would with a ride sharing service, to make cash when it becomes of convenience to them.

Cryptocurrency is the first fully digital payment system the world has known to this degree, while also offering enhanced security features directly through blockchain technologies. Amazon employees, if paid in Litecoin would have a secure wallet and address that is infinitely portable in any amount and only accessible to them. The benefit of a currency that is deflationary, secure and portable is a feature dawned on by most Westerners, but immensely valuable in many other countries in today's day in age.

If Amazon is, indeed, looking to become a beacon of international progress, particularly in terms of employment status, a well-rounded and cohesive working experience, Litecoin might be the perfect move to take their payment system to the next level to compensate for such changes blowing in the wind.

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