Chapter 1192 I realized

After finishing the whole thing, Bezos was actually a little confused, because he didn't understand what it meant for Mrs. Versailles to let him see this thing.

Could it be a new business track planned to be opened up, is this BTB?

That is simply the biggest joke in the world. As the world's top entrepreneur, Bezos can see at a glance that this thing is completely nonsense and has no practical operational significance at all.

Because this currency looks very good, has extremely powerful network attributes, and it is indeed the best network currency.But the problem is that this thing has no assets, or credit as a guarantee.

In other words, why is this thing worth money?
Why can something that can be obtained by calculating it casually with a computer, something that a poor man can get at his fingertips, be used as currency?
This is simply a joke of Tianzi No. [-]. Under normal circumstances, Bezos just watched it as a joke, and he never thought about doing this thing at all.

But the problem is that Mrs. Versailles pointed out this matter to herself, so it can't be a joke, she must have ideas about this thing.Otherwise, there is no reason to tell yourself this thing on purpose.

So Bezos began to think hard, wondering if this thing really had a chance to become a currency.

But Bezos thought for a whole night and did not come up with any other results. In any case, this thing seems impossible to become a currency, absolutely impossible!
Until the next morning, Bezos, whose eyes were a little red, saw the newspaper handed over by his wife.This newspaper is the famous Wall Street Journal, and today's headlines are celebrating the stock market breaking new highs, reaching the highest point since 2, which means that the stock market has returned to its peak. It took a year to stand up again and successfully survived the subprime mortgage crisis this time.

"Hey, and I still play people as fools!" Seeing the news, Bezos couldn't help curling his lips. This thing can fool others, but not him.

Only the stock market has recovered, not the US economy.

For example, for those companies that closed down due to the spread of the subprime mortgage crisis, the resumption rate is less than 10%, which directly leads to the unemployment rate, which is still high, and a large number of people cannot find jobs.

In this case, how can it be said that the subprime mortgage crisis has been overcome?

Is it possible to make up for 90% of this loss in the future?
Bezos clearly knew that it was basically impossible.As the former No. [-] e-commerce company in China, Bezos has a large amount of data on commodity logistics in the United States.

Before 2008, at least 30% of the products sold by Wanbao Pavilion were sent from the factories of various domestic entities.

But after 2008, less than 10% of the products left were sent from various enterprises, and the rest of the products, except for individual sellers, almost all of the products in large quantities were sent from the warehouse of the customs sent out from inside.

For this reason, Wanbao Pavilion has specially built dozens of outlets near various customs warehouses, just to facilitate these merchants who ship directly from customs warehouses.

And until the moment when Wanbao Pavilion was closed, a large amount of goods were still sent out from the customs warehouse, even more than before the bailout plan.

In other words, the so-called rescue plan did not really save the real economy of the United States. On the contrary, it relied more on overseas imports.

This may sound unbelievable, but Bezos did not have any surprises.

The reason is very simple. The price of foreign products, especially those from China, is cheap, which is more than half the price of local products. Then why should I import expensive local products instead of directly transferring goods from China? Woolen cloth?

There is no reason to put more money and not make it!

And in the middle of 08, Eastern Amazon announced that it had reached a further cooperative relationship with Jiangnan Mall. Not only did a large number of products in Jiangnan Mall be directly displayed on the Oriental Amazon page, but he also established another website called American Amazon. .

Unlike Amazon in the East, which is specifically aimed at consumers, Amazon in the United States is a business-to-business website, and those who register on this website must be companies or operators.

Through this website, you can see the same product at the first time, the supply price in the world, as well as the corresponding shipping cost estimate and so on.

In other words, merchants can find the cheapest suppliers all over the world through this website, and then get products from them.

With the help of this website, many merchants who had no way to find out suddenly discovered that there are so many cheap things in the world, so they began to order goods in large quantities through this website, which also caused the import data of the United States to skyrocket.

Under normal circumstances, such data should have aroused the government's high attention, but because it is facing the subprime mortgage crisis at this time, the whole country of the United States desperately needs good news to stimulate the country.

Therefore, the soaring import data, which is obviously harmful to the national economy, has actually become an excellent data indicator under the analysis of these politicians, which shows that the economy of the United States is recovering at a high level, otherwise why would the people of the United States have more? How much money to buy foreign goods?
Well, this logic is invincible.

All in all, Bezos is very clear that this $60 trillion bailout plan saves only those big capitalists, big entrepreneurs, and financial institutions. Ordinary people actually get nothing, and even lose a lot of job opportunities .

It's just because the bailout plan this time also included a policy of giving each person a monthly subsidy of 300 US dollars, which greatly enhanced the purchasing power of the citizens, so the majority of citizens did not feel the changes brought about by imports and exports, but felt My life seems to be getting better.

Closer to home, after Bezos complained about Wall Street, he suddenly thought of something and fell into deep thought.

After nearly 20 minutes, Bezos woke up suddenly, slapped his thigh hard and said, "Yes, since the United States has not come out of the subprime mortgage crisis at all, but the stock market has returned to its peak state, and the total market value has increased by more than Ten trillion dollars."

"An illusory confidence can bring more than ten trillion dollars in growth. Then why can't things like BTB be sold for a dollar?" At this moment, Bezos realized, and he Think of more things.

If we can operate a digital currency, and this digital currency is really successful, the benefits will be too great.

First of all, we can completely control the control of online payment. After all, the right to issue online currency is in our hands, so who can beat us in online currency? Get rid of it!

Thinking of the Bronco wallet, Bezos couldn't help gnashing his teeth, because in Bezos' view, a large part of the reason why he failed so badly was due to the Bronco wallet.

The impact of Western Mustang Wallet on e-commerce is too great, because for online shopping, logistics must rank first among the factors that most affect the shopping experience, and payment tools are the second.

How to let users transfer their own funds to the network, and then pay cash through the network, can grasp the core flow of e-commerce.

Originally, Wanbaoge used the payment tool paypal. This software can directly cooperate with banks that have opened up the online banking function, and quickly pay the money in the bank account to the online store, thereby realizing the payment process.

There is one thing to say, the entire payment work is very cumbersome. First, you need to perform complex application opening work on the online banking page to bind your online banking account with PayPal.

After binding, it does not mean that the successful payment can be made with one click. The user needs to pay through PayPal first, and then go to the online banking operation through the pop-up page, enter the corresponding verification code, and so on.

Anyway, without considering the impact of network speed, a payment process will take at least 5 minutes to complete, which is equivalent to affecting the payment experience.

To make matters worse, some online banks will not pay immediately, but need to wait for 24 hours, or even 48 hours before payment, then the order will always be stuck there, and will not be sent until the merchant receives the payment message. Goods, and a lot of time is wasted in this way.

However, considering that everyone is using paypal to pay for similar things, and everyone is the same, there is no gap.

By the way, it is worth mentioning that the founder of paypal is Musk.That's right, it's the Musk everyone knows.

But that was all undone with the Bronco Wallet of the West.

Because the operation mode of the Western Mustang is completely different from that of PayPal, the operation mode of PayPal is a typical intermediary model. By acting as an intermediary between online banks and e-commerce websites, it is a tool that helps online bank accounts to pay. The user pays the money in the online bank to the e-commerce company, so it has to go through complicated verification methods in the middle, and also needs to wait for the bank to lend money and so on.

The model of the Western Mustang Wallet is completely different, because it is a bank itself, so users need to transfer their funds to the account of the Western Mustang Bank, and then pay through the Western Mustang Wallet.

In this way, there is no middleman, and the Western Mustang Wallet can send money directly to the e-commerce company.

And because West Mustang Wallet knows the key point of online shopping, it greatly optimizes the entire transaction process.After the user completes the binding of personal data, he needs to enter a password to make the payment directly.

Moreover, after the payment is successful, the funds will be transferred to the merchant's account immediately, and at the same time, Amazon East will start a countdown to delivery. Generally, the delivery must be delivered within 48 hours, which greatly saves the intermediate time of online shopping. An excellent shopping experience for both online shopping parties.

At this point, the Western Mustang Wallet has completely defeated PayPal, not to mention that with the launch of the bailout plan, the bailout funds issued by the government are directly bound to the Western Mustang Wallet, which is almost directly forcing all users. If you want to open the Western Broncos wallet, then this is no fun at all.

Originally, Wanbaoge could still struggle a little bit more, and Bezos almost persuaded Goldman Sachs to invest another sum of money in, but after the announcement of this news, no matter how stupid they are, they understand that it is impossible to defeat Dongfang in the field of e-commerce. Amazon is now dead, so it simply gave up all plans to save Wanbao Pavilion, and then there is no more.

(End of this chapter)

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