Amazon Awarded Bitcoin-Related Cloud Computing Patent

Grazed from CoinDesk. Author: Nermin Hajdarbegovic.

E-commerce giant Amazon has been awarded a bitcoin-related cloud computing patent that envisions the use of digital currencies as payment for cloud computing services on Amazon Web Services (AWS). Amazon’s cloud is by far the biggest remote computing service on the market. Market research firm Gartner estimates AWS annual revenue at upwards of $3bn, and it believes Amazon’s cloud has five times the capacity of its next 14 rivals.

The news follow’s Amazon’s public statements that suggest is not presently interested in accepting digital currencies, despite such suggestions from rivals like eBay. Earlier this April, Amazon’s payments head Tom Taylor revealed that the company has no immediate plans to “engage bitcoin”…

USPTO Patent 8,719,131

The Amazon patent was granted by the US Patent and Trademark Office (USPTO) as Patent 8,719,131. It was filed on 29th March 2012, but has recently surfaced online…

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