Amazon Alexa May Compete with PayPal on Peer-to-Peer Payments | eSellerCafe.com

The Wall Street Journal reports today that Amazon may be interested in using its Alexa virtual assistant to launch a peer-to-peer payment system.

According to people familiar with the strategy that provided information to The Wall Street Journal, Amazon CEO Jeff Bezos told staff last year to make financial services a top priority.

This follows a pattern of rumors about other financial tie-ups that suggest Amazon is considering a checking-account style product with JP Morgan Chase & Co.

Of course, the rumor immediately caused PayPal’s stock price to dip along with Square, which operates peer-to-peer payment service Cash App (Cash.me)

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