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Monday, March 21, 2022 6:21:13 PM
I like to find passive correlations in the market, crypto token AMP has been up big the past 24 hours and AMPS are synonymous with energy, hence “Energy 1” and the mention of crypto payments in the first PR for the products being offered in their online mall:
“The acquirer - Shanghai Yicheng Culture Communication, is committed to building a global innovative advanced technology service platform with the integration of industrialized operations; smart e-commerce retail; innovative medical and health management; film, television and media; applications of blockchain technology;”
Visa has tried to create some competition for AMP with a crypto credit card, but I don’t think China’s government trusts Visa tbh, and AMP was also mentioned in crypto payment discussions involving another online shopping company, Amazon.
Maybe China’s goal is to have Shanghai Yicheng incorporate crypto faster than Amazon and Coupon, as their way of creating a technologically superior online retail giant based in China, listed in the U.S., not named Alibaba, and with years to go to be in compliance with US regulations.
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