Showing posts with label BITCOIN. Show all posts
Showing posts with label BITCOIN. Show all posts

Despite reports that America’s largest online retailer, Amazon, has no plans to jump on the bitcoin bandwagon; a recent patent filing by the online retailing giant may suggest otherwise. 
Amazon’s head of payments recently told Re/Code that the company, as of now, has no plans to accept the digital currency. “Obviously it gets a lot of press and we have considered it,” he said, “but we’re not hearing from customers that it’s right for them.”
Nonetheless, Amazon was just awarded a patent that includes the mentioning of bitcoin as a source of funding for its cloud computing services, known as AWS (Amazon Web Services). The service according to Amazon “is a collection of remote computing services that together make up a cloud computing platform, offered over the Internet by Amazon.com,” the most central and well-known of those being Amazon EC2 and Amazon S3.
PATENT ABSTRACT:
Multi-tenant resources can be funded using payment submitted with requests for those resources, such that the resources do not need to be associated with a specific user account. A resource can be allocated and available as long as payment has been provided. If a user wants the resource to be available for additional processing, for example, the user can submit another request with additional funding. The funding can come in the form of donations from any user, or in the form of investments where the investor expects some return on the investment in the form of revenue, visibility, or other such compensation. One or more management components can track funding for various resources, can accept and select bids for period of sponsorship, and can manage various donation models.

Full news at:

http://cryptocrimson.com/2014/05/new-patent-reveals-amazon-may-soon-accept-bitcoin/
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