> Please don't insinuate that someone hasn't read an article. "Did you even read the article? It mentions that" can be shortened to "The article mentions that."
From a technical viewpoint, Amazon Cash is a private currency, pegged to the USD. The currency is spendable across multiple companies (Amazon, CVS Pharmacy®, Speedway, Sheetz, Kum & Go, D&W Fresh Market, Family Fare Supermarkets, and VG's Grocery). Amazon can "issue" it by crediting Amazon Cash accounts. Etc.
No, this is not a private currency - Amazon is not issuing currency, you are depositing US dollars into an account.
You are wrong. Think about it. Tell me what distinguishes Amazon Cash from a private currency.
It represents literal $USD 100% of the time.
I don't think this is supposed to. It's more like when stores started to offer credit cards themselves because it was more profitable. This is the same idea, different execution.