5/16/2023 0 Comments Amp coin amazon![]() ![]() The rumor stems from BitBoy Crypto, who stated in a video that the new CEO is crypto-friendly and that Amazon would be working with two separate coins (AMP being one of them). It is a system designed to help prevent payment fraud and lower the cost and risk to different merchants using the system.Īs a result, rumors are circulating that Amazon might partner with AMP when they integrate crypto payments into their service. If there is a reason for the $BTC or $ETH payment to fail, then the retailer would have the option to seize the $AMP collateral and sell it to cover their costs. Customers would pay retailers through Flexa, and then the Flexa network would pay retailers instantly using $AMP as collateral until the payment is fully settled. ![]() Their website describes them as a digital collateral asset that is used to lower payment fees and prevent payment fraud to lower the costs and risks to merchants.ĪMP is an Ethereum based token that collateralizes payments over the Flexa Network. After that, it continued lower toward the middle of July until support was found at the 200-day MA.ĪMP rebounded over the past ten days from the 200-day MA and started the enormous surge toward the May highs today at $0.079.ĪMP is a very interesting cryptocurrency and in a complete sector of its own. The cryptocurrency dropped from the $0.126 peak seen in June to hit the 100-day MA at the start of July around $0.052. Is up by a gigantic 91% this week as the coin surges to $0.08. Against Bitcoin, AMP rebounded from a rising trend line to retest 200 SAT.The cryptocurrency started to surge on rumors of a partnership with Amazon.AMP is up an enormous 91% over the past week of trading as it hits $0.08.
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