Amazon Developing New Game Streaming Service to Compete with Microsoft and Google

Not to be outdone by its FAANG and other technology rivals, it appears Amazon has been secretly developing a game streaming service. It looks set to compete with Microsoft and Google with instant video games housed on powerful servers.

Cloud-based gaming, which will negate the need for downloads or game cards, could be one of the next major advances for the gaming industry.

Google and Microsoft Already in the Game

Google’s Project Steam cloud gaming service is currently in beta testing with no news of a full, official launch. For Google, it will be as easy as opening a Chrome tab to play your favorite game.

Microsoft unveiled its Project xCloud in October 2018. It will be available for public testing sometime in 2019 and run on console and PC.

Amazon is reportedly already in talks with publishers but won’t be launching its own service until 2020. The news comes from sources simply named as “two briefed on the plans” who revealed the development to The Information.

There has been no formal announcement from Amazon, as yet. Other reports found that Amazon is hiring engineers in Seattle and California to work on “cloud games.” With one job description revealing the opportunity involves shaping the foundation of an “unannounced AAA games business.”

An Industry Worth $20.28 Billion

Amazon already has a powerful cloud server infrastructure in Amazon Web Services.  So, an Amazon game streaming service makes a sensible addition to its wide-reaching technology portfolio. It also owns the video streaming platform Twitch, massively popular with gamers.

Of course, Amazon’s Twitch already competes with Google’s YouTube and now the rivalry between the leading technology players could well be hotting up. By 2020 the videogame industry in the U.S. will be worth an estimated $20.28 billion.

With today’s trading closed on the Nasdaq, it’s a wait and see if Amazon’s share price will be affected positively by the news.

FAANG and Microsoft Share Performance (Facebook: Blue, Amazon: Red, Apple: Orange, Netflix: Yellow, Google: Green, Microsoft: Bright Green) Last Six Months. Source: TradingView

After a poor and volatile last quarter 2018 for technology stocks there appears to be some breakouts in the FAANG and Microsoft share price and company value battle. Apple stock plummeted over sales forecast revisions and then it revealed production cuts. However, Apple’s share price has begun to recover. Netflix has had a 2019-long winning streak so far.

We might not hear from Amazon’s Jeff Bezos on the development just yet. The Bezos divorce hit the press this week and could result in the world’s largest divorce settlement yet.


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Author: Melanie Kramer
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Amazon will adopt Ripple (XRP) this year. Here are three reasons why

 

Ripple’s XRP has been making noise lately. Ripple’s technology (not the currency in all cases) has been adopted by seventy-five of the world’s largest banks, remittance services, and other financial institutions.


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So many giants are already using Ripple that it only makes sense that Amazon, which is not particularly small, could choose it as well. Here are three reasons why Ripple and Amazon are a good match, and why the e-commerce giant, Amazon will adopt Ripple (XRP) in 2018.

Swift, cheap transactions
Fluctuations in cryptocurrencies have created fortunes for some investors (think Overstock.com), but that’s utterly beside the point for Amazon. The one thing it will ask from a digital coin as an essential for adopting it will be stability. This was exactly the reason why Steam (a giant in the gaming world) stopped accepting Bitcoin despite the fact that BTC was doing just fine, reaching its historic peak value at the time.

Amazon is not going to try and become a cryptocurrencies average amateur (even professional), investor. The change it will take for it to accept any alt-coin would be momentous, it would have to go against inertia. That requires solidity.

High fees and volatility were the factors that made Steam quit Bitcoin. It doesn’t mean Steam didn’t make a lot of money in the meantime but the incredibly low speed and high fees that still characterize Bitcoin unsettles companies. And we can’t blame them.

Ripple improves Bitcoin’s services dramatically. Transactions take ten seconds at the most (usually faster, but still, remember that Bitcoin takes at least 10 minutes on average) and the usual fee is .00001 XRP.

Even if XRP could reach $10 per token (which is quite far away yet) each transaction would be a cent of a penny. These features make Ripple a cryptocurrency that can finally deliver on Bitcoin’s promises at a practical level.



The rise in supply lowers volatility
Ripple has another advantage: its volatility is lower, this has to do with its large supply.
One of Bitcoin’s main features is that mining will stop at twenty-one million. This makes each Bitcoin a scarce resource, a special thing to own. Ripple’s supply will be much higher and it’s all been already mined. There are a hundred billion XRP tokens in the world and fifty-five of those are held in escrow by Ripple Labs.

That’s a lot more coins that Bitcoin by almost five thousand times. This abundant amount of tokens means that the currency doesn’t need to reach a high price and it improves its overall stability. XRP will continue to rise, along with the other cryptocurrencies, during this year as more investors and the general public keep increasing the demand.

But sooner or later each coin will find its right value according to the market’s equilibrium and, when the dust settles, the large number of XRP coins available will render it remarkably stable. It’s all about inertia. A hundred billion units are a lot harder to affect than twenty-one million.

And that’s what Amazon needs. Just imagine the anarchy that would come over Amazon if the coin they chose has a wild fluctuation, even if for one single day. That could mean from the time you add an item to your cart to the time in which you check-out the price changed, maybe even drastically.

That confuses customers and impairs Amazon’s ability to match prices. Since Amazon doesn’t have a say in market behavior they will never go for a crypto that could perform like that, not even for a few hours.

Now, Ripple does fluctuate as well but, the huge amount of currency that will end up being in circulation will dampen the fluctuations enough to make XRP usable in the real world.
Ripple has grown up to seventy-five cents so far (dropped to $0.61 just within last 24 hours as the whole market went into the red). It’s been slow but steady.

That is a far cry from the dramatic rushes we’ve seen in most other coins. Once Ripple is available through Coinbaise and most other big exchanges, it will be just as stable as any fiat currency.

Lower prices per coin don’t scare people off
There is no doubt at all that Bitcoin is valuable. At the time of this writing, it’s at $7,600 (it was above $8,000 just a couple of days ago). The thing is, isn’t it just daunting to see the price? You think you’ll ever be able to afford even one Bitcoin? It would be good, because chances are it will keep rising (John McAfee predicts it will be at a million dollars in the next two to three years) and you could, in time, retire by selling a single Bitcoin in the fullness of time.

The problem is that the price is, indeed, scary. And this is where Ripple has another advantage: the high token supply will keep prices manageable which, in turn, will make it lot more friendly to costumers.

And Amazon is all about the customer, whatever coin it chooses must bring more people in instead of scaring them away. This is just as essential as stability and short transaction times. And Ripple can deliver on this as well.

If you are an economist, a crypto-enthusiast, or a physicist, it makes no difference to you if something costs 0.0005 BTC or 50,000 Satoshis, or 5 XRP.

But if you are a normal person (as most people continue to be in the world), you’re going to have a very hard time understanding the BTC or the Satoshi price while the XRP one is manageable and close to your everyday experience. And that’s what Amazon needs as well.
Moreover, just last weekend, a video was spotted where one of the Ripple Labs’ team member pinpointed some of the issues that Amazon faces right now in regards to the cross-border payments.

The video mainly demonstrated payments between the merchants on e-commernce giant, Amazon. Now, that video is somewhat a hint towards Ripple giving a helping hand to Amazon for the cross-border payments. There’s a ‘strong’ possibility, for sure.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Maxpositives
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Amazon to Start Offering In-Car Deliveries

Company is offering the service with GM and Volvo, but will customers allow strangers to access their personal spaces?

Amazon.com Inc. is now delivering packages right to the car.

The company said on Tuesday it has joined with General Motors Co. and Volvo Cars to start offering in-car deliveries, giving its couriers access to potentially millions of vehicles in 37 U.S. markets. The deal expands Amazon’s effort to get consumers comfortable with the idea of strangers entering their homes and cars as the company handles more packages.

The new delivery option is part of the Amazon Key program, launched last year, in which the company’s delivery drivers drop off packages inside homes. That system, which includes a so-called smart lock for the door and a security camera, currently costs about $220.

The car service is free for Amazon Prime members who own certain newer GM and Volvo models. Customers download the Amazon Key app and link an Amazon account with a connected car service, such as OnStar. A delivery driver unlocks the car—either the trunk or doors, depending on the vehicle—remotely through the wireless connection.

Customers are instructed to park in a “publicly accessible area,” such as a driveway, street or a surface-level lot within the delivery range. The day of the delivery, customers receive a four-hour delivery time window, as well as notifications when the car is unlocked and locked.

Amazon said it ensures an authorized driver is at the right location with the correct package before the vehicle is unlocked remotely. The delivery driver is required to lock the door before moving on, and as a fail-safe measure the doors will lock automatically after a certain period, Amazon said.

The entire Amazon Key program relies on customers allowing strangers to access their most personal spaces. But unlike with the home, where security cameras can record a delivery person’s entry and exit, there are no easy ways to view a delivery person’s interaction with vehicles and whatever items people store inside them. The program is also another way Amazon is trying to integrate itself into customers’ lives—particularly the more than 100 million people paying for its Prime service—and to control every step in the retail process.

Amazon has tens of millions of devices inside people’s homes, from voice-enabled Echo speakers to Dash tap-to-buy buttons, that make it easier for shoppers to choose Amazon over competitors.

Amazon Key would give the company control over the final step of dropping off packages.

The Key In-Car service reflects Amazon’s larger logistics ambitions, as the company handles more of its own shipments and expands to shuttle others’ packages. Amazon has also installed lockers in and outside stores and pickup hubs in apartment buildings to help lower costs associated with deliveries, which skyrocket when a courier misses a first delivery or a package is stolen.

The company previously was involved in an in-car delivery test with Deutsche Post AG’s DHL and Audi in Germany. Amazon has also formed a team that focuses on driverless technology, including associated potential delivery options.

Still, it is unclear whether there will be widespread demand for in-car package delivery. While car companies are equipping vehicles with a growing amount of technology, many owners tend to use only the basics, and commonly report frustration with even simple features such as Bluetooth connections.

Amazon began offering the Key service on Tuesday to roughly seven million GM owners of model-year 2015 or newer Chevrolet, Buick, GMC or Cadillac vehicles, which are equipped with a 4G LTE internet connection. Volvo owners of model-year 2015 or newer cars will also be eligible, according to Amazon.

Amazon said it plans to expand the offering to more vehicle makes and models over time.

GM and Volvo gain the ability to offer a no-cost perk to current owners, while providing a potentially differentiating feature for new-car shoppers. Owners must be Amazon Prime members and have an active OnStar or Volvo On Call account.

Financial terms of the deals weren’t disclosed.

GM, the nation’s largest auto maker by sales, has added technology to its cars in recent years to draw younger buyers and burnish its brands. In 2014, it became the first major car company to offer a high-speed internet connection in most of its cars. A year later it was among the first to offer Android Auto and Apple CarPlay, which project a smartphone-like display on the vehicle dash. Most auto makers now offer those services.

 


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

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Author: Laura Stevens 
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