Domain Name Wire reports that Amazon has recently broadened its domain registrations to include "AmazonTube" and "Open Tube," stirring speculation that the company may be planning to compete with YouTube. The company also registered several variations of these domains, including OpenTube.biz, AmazonTube.ca, and even OpenTube.xyz. You can read more details on Domain Name Wire.
These new Amazon domain registrations come not long after Amazon Technologies registered several cryptocurrency URLs including amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com last month. Amazon also owns the domain amazonbitcoin.com, which currently redirects to the Amazon home page.
You too may be wondering exactly what Fortune asks: "What, if anything, is Amazon planning to do in the cryptocurrency space?" According to CNBC, Patrick Gauthier of Amazon Pay said last month that Amazon has no plans to accept cryptocurrency.
While media reports continue to fuel speculation about Amazon's expansion plans, industry pundits suggest this is a simple case of brand protection.