Chapter 1192 I've realized it

After finishing the whole thing, Bezos's condition was actually a little confused, because he didn't understand at all that Madame Versailles asked him to see what this thing meant.

Could it be that it is the brand new business track that is planned to open, and that is the BTB?

That was simply the biggest joke in the world. As a world-class entrepreneur, Bezos could see at a glance that this thing was completely nonsense and had no practical significance at all.

Because this currency looks very excellent, has extremely powerful network attributes, and 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 valuable?

Why can a thing that can be obtained by simply calculating on a computer, and something that a pauper can pick up easily?

This is simply a joke about Tianzi No. 1. Under normal circumstances, Bezos just took a few fun and didn't even think about making this thing.

But the problem is that Mrs. Versailles pointed out this matter to herself, so it would not be a joke. She must have thoughts about this thing. Otherwise, there is no reason to specifically talk to herself about this thing.

So Bezos began to think hard, wondering if this thing really had the possibility of becoming a currency.

But Bezos thought for a whole night and did not come up with any other result. This thing seems impossible to become a currency no matter what, and it is absolutely impossible!

Until the morning of the second day, Bezos, whose eyes were a little red, saw the newspaper handed over by his wife. This newspaper is the famous Wall Street Journal. Today's front page headline celebrates that the stock market broke through a new high and reached its highest point since 2005, which means that the stock market has returned to its peak. It took less than a year for the US funds to stand up again and successfully survive this subprime mortgage crisis.

"Hey, and I'm still playing with people like a fool!" Seeing this news, Bezos couldn't help but curl his lips. This thing can deceive others, but it can't deceive him.

Only the stock market is restored, not the US economy.

For example, those companies that went bankrupt due to the subprime mortgage crisis had a resumption rate of less than 10%, which directly led to the unemployment rate, which was still high, and a large number of people could not find jobs.

In this case, how can we say that the subprime mortgage crisis has been overcome?

So is it possible to make up for 90% of this loss in the future?

Bezos knew clearly that it was basically impossible. As the first domestic e-commerce company, Bezos had a large amount of American commodity logistics data.

Before 2008, at least 30% of the goods sold by Wanbao Pavilion were issued from the factory addresses of various domestic physical enterprises.

However, after 2008, less than 10% of the goods remained from various companies, and the remaining goods, except for individual sellers, almost all the goods in large quantities were sent from customs warehouses.

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

Until the moment Wanbao Pavilion closed, a large amount of goods were still issued from the customs warehouse, even more than before the rescue plan.

In other words, the so-called rescue plan did not really save the real economy of the United States, but instead relied on more imported goods from overseas.

This may sound incredible, but Bezos was not surprised at all.

The reason is very simple. Foreign products, especially those from China, are cheaper, which means more than half the price is cheaper than locally produced. So why should I import expensive local products instead of transferring goods directly from China?

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

Moreover, in mid-2008, Oriental Amazon announced that it had reached a further cooperative relationship with Jiangnan Mall. Not only did it directly display a large number of products in Jiangnan Mall on Oriental Amazon's page, it also established another website called American Amazon.

Unlike Oriental Amazon, which is specifically targeted at consumers, the United States Amazon is a business-to-business website. The registered website must be a business or an operator.

Through this website, you can see the same product at the first time, the supply price of the world, the corresponding shipping cost estimates, etc.

In other words, merchants can use this website to find the cheapest suppliers in the world and then get the products from them.

With the help of this website, many merchants who had no idea what to do suddenly discovered that there were so many cheap things in the world, so they began to order goods in large quantities through this website, which also caused the United States' import data to soar.

Under normal circumstances, such data should have attracted high attention from the government, but because it is facing a subprime mortgage crisis at this time, the United States and the United States need good news to stimulate the country.

Therefore, the soaring import data, which is obviously harmful to the national economy, has become an extremely excellent data indicator under the analysis of these politicians, which means that the US economy is in a high recovery. Otherwise, why would the American people have more money to buy foreign goods?

Well, this logic is invincible.

In short, Bezos is very clear that this $6000 billion rescue plan saves only those big capitalists, big entrepreneurs and financial institutions. Ordinary people actually get nothing and even lose many job opportunities.

However, because this rescue plan also includes a policy of issuing a subsidy of US$300 per person per month, which greatly enhances the purchasing power of the people, the majority of citizens do not feel the changes brought about by imports and exports, but instead feel that their lives seem to have become better.

Back to the topic, after Bezos complained about Wall Street, he suddenly thought of something and fell into deep thought.

After nearly 20 minutes, Bezos suddenly woke up and slapped his thigh hard and said, "Yes, since the United States has not emerged from the subprime mortgage crisis at all, the stock market has returned to its peak state, with a total market value increasing by more than 1 trillion US dollars."

"A illusory confidence can bring more than one trillion US dollars in growth. Then why can't things like BTB be sold to a level of one dollar per dollar?" At this moment, Bezos realized, and he thought of more things.

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

First of all, we can completely grasp the control of online payment. After all, the right to issue online currency is in our hands. Who can defeat us in online currency? Even Jiangnan Group doesn’t believe it. I can even take this opportunity to kill the Western Mustang Wallet!

Thinking of the Western Mustang Wallet, Bezos couldn't help but gritted his teeth, because in Bezos's opinion, a large part of the reason why he lost so badly was that it was due to the Western Mustang Wallet.

The impact of Western Mustang Wallet on e-commerce is really huge, because for online shopping, the most important factor affecting the shopping experience is necessarily logistics, and the second is payment tools.

How to get users to transfer their funds to the Internet and then pay cash through the Internet, this will enable them to grasp the core traffic of e-commerce.

Originally, Wanbaoge used the payment tool Paypal, which can directly cooperate with banks that have opened up online banking functions to quickly pay the money in the bank account to the online store, thereby realizing the payment process.

To be honest, the entire payment work is very tedious. First of all, you need to conduct complex application and opening work on the online banking page so that your online banking account can be bound to paypal.

After binding, it does not mean that you can successfully pay by clicking. Users need to pay through paypal first, then go to the online banking operation through the pop-up page, enter the corresponding verification code, etc.

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

What's worse is that some online banks do not pay immediately, but need to wait 24 hours or even 48 hours before payment is paid. The order will remain stuck there until the merchant receives the payment message, which will waste a lot of time.

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

By the way, it is worth mentioning that the founder of Paypal is Musk. Yes, it is the Musk that everyone knows.

But with the emergence of the Western Mustang Wallet, all of this was destroyed.

Because the operating model of Western Mustang is completely different from paypal, paypal's operating model is a typical intermediary model. By acting as a intermediary between online banking and e-commerce websites, a tool to help online bank account payment is essentially to help users pay the money in online banking to e-commerce. Therefore, there are complicated verification methods in the middle, and you still need to wait for bank loans, etc.

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

In this way, there will be no middlemen, and Western Mustang Wallet can directly transfer money to e-commerce.

Because Western Mustang Wallet knows the key points of online shopping, it greatly optimizes the entire transaction process. After the user completes the binding of his personal data, he needs to enter a password to make a payment directly.

Moreover, after the payment is successful, the funds will be transferred to the merchant’s account immediately. At the same time, Oriental Amazon will start to count down the shipment, which usually requires delivery within 48 hours, which greatly saves the intermediate time of online shopping and gives both online shopping an excellent shopping experience.

At this point, the Western Mustang Wallet completely defeated Paypal, not to mention that with the launch of the rescue plan, the government's relief funds were directly tied to the Western Mustang Wallet. This almost directly forces all users to open the Western Mustang Wallet, so there is nothing to play.

Originally, Wanbao Pavilion could still struggle for a while, so Bezos almost convinced Goldman Sachs to invest another sum of money, but with the announcement of this news, no matter how stupid it was, he understood that it was impossible to defeat Oriental Amazon in the e-commerce field, so he gave up all the plans to save Wanbao Pavilion, and then there was nothing.
Chapter completed!