Bitcoin Forum

So far Amazon has shunned Bitcoin as a payment method. With PayPal entering the crypto market So can Amazon do that?
With $ 280 billion in annual revenue, Amazon is a global leader in e-commerce. So far, however, it has shunned Bitcoin and other cryptocurrencies as a method of payment (although it's nice to sell you goods decorated with the Bitcoin logo). For Bitcoin supporters, the prospect of the world's largest e-commerce company accepting Bitcoin payments is quite an interesting one - one that will signal mainstream adoption of cryptocurrencies. and promote a wave of new Bitcoin adoption. Amazon holds a whopping 47% share of the US e-commerce retail market, with net sales in excess of $ 280 billion (as of 2019) and has more than 150 million Prime users worldwide. And that's just Prime. While not being disclosed, Amazon's user base is certainly much higher. Enthusiastic demographic of cryptocurrencies - it seems that Amazon's acceptance of payments in Bitcoin is undisputed. However since 2014 onwards, Amazon has refused to accept Bitcoin.
In your opinion if Amazon accepts bitcoin, where will its value go and what do you think about this matter? :-* :-* :-*
https://i1.wp.com/cryptbuzz.com/wp-content/uploads/2018/10/CBOE.png?fit=1200%2C650&ssl=1

Amazon or any other company not yet accepting BTC right now will only consider BTC once they find out they are what Micheal Saylor is saying was "sitting on a melting ice".  When the value of the stocks they own or the billions of USD on their accounts are slowly diminishing in value.

Or if they are losing customers because more people are using cryptocurrency to pay for products online.

Depends on which part of Amazon.
The retail side will more or less have to convert BTC to fiat. They have tight margins and are always growing / expanding so they need to keep cash moving.
So it might give a boost to the price on the announcement but after that not much.

On the AWS side, they might do some arbitrage and sit on it for a bit till the price goes up before selling, but they really can't just sit on it like cash in the bank.

-Dave

First they observe how the public will react. There was a topic about Paypal reaching 85% of Binance.US volume and if they're seeing that, it probably wouldn't take long before they follow Paypal's footsteps. All that is needed is a partnership between Amazon and a company that deals with bitcoin. They don't to worry about conversions for their merchants and all that volatility.

It's the influence which is the key player in this situation.
PayPal is known for years already while cryptocurrencies are just having popularity approximately in the past 5 years, and up until this point, this technology is not yet being accepted to many local markets probably due to doubts and other reasons. Since PayPal adopted this technology, it is more likely that other networks and companies are already planning to do so, just waiting on how this technology will benefit PayPal. The project has just started and eventually, once results are obvious, it will determine if this industry will be more in mainstream. If Amazon will do the same thing, a domino effect could be triggered.

I think the only e-commerce / retail giant out there that has ever accepted bitcoin was Overstock, and I'm not sure that they do anymore.  I think that Amazon simply doesn't have the need or desire to accept bitcoin payments right now.  Honestly if they did, how many of us would even use it?  I think bitcoin needs to evolve as a currency before this will happen.

BTC is extremely volatile that's most the big merchant like Amazon is hesitating to accept. It will be hard for them to process return in a volatile currency. Plus the cryptocurrency regulations is still uncertain so they don't to risk on using it since there business is running smoothly using fiat and there is no strong demand for Bitcoin to use in there platform.

I believe in case they decided to accept BTC in the future, They will not directly accept BTC but they will use third party services to convert instantly BTC to fiat.

There might be a number of reasons why amazon did not accept bitcoin in 2014 as it was a global brand and bitcoin was a new kid on the block and there is no regulation and they do not want to fall against the other side of the law if some country might ban its transaction and it could be a problem for their business and there might be other reasons as well to understand what decentralized currency fit in this frame. As a community we care less if amazon accepts or not and for a long time we had sites such as purse.io who bridged that gap.

With a company as big as Amazon, they can easily let other companies do the honors of being the first in cryptocurrencies or whatever. They can afford to do so, and they can catch up. Knowing that they have a huge control, popularity and influence around the global market, they can just enter the market and still be big on it. Right now, it seems that they couldn't care less about the state of crypto market, even though it has been posting greens while the rest of the investment market is on the reds. Amazon adopting bitcoin is still far from happening, as Bezos and co. are still busy exploiting other markets and businesses that they already control.

You guys forget to consider something:

Payal and Amazon can not be compared. The first is a payment processor and the second an e-commerce platform, they're both in a totally different industry.
Secondly, regarding Amazon, they can't add Bitcoin like Paypal is doing, there are some legal sides to it. If it worth it for Paypal to add BTC because people will be able to buy/sell Bitcoin and there is a high demand for it, people don't use Amazon to buy BTC.

Next, the excuse for the volatility isn't an excuse anymore in 2020. There are multiples ways to convert it automatically in fiat, (with a 3rd party or yourself with API) but Amazon probably doesn't want to be tied with an exchange platform. On the marketplace, sellers want to be paid in fiat and not in bitcoins

The reality:

The demand to pay with cryptocurrencies is very small, so small that it doesn't worth the time to look after. Maybe it seems to you there is a demand here, but here we're bitcoiners, outside of the community it is totally different. People are not interested to pay with BTC, and surely not interested to bother to buy BTC to then spend them on Amazon. Better to use fiats directly to save time and fees.

It will probably change when the majority will use Bitcoin, and I don't mean to say it as an investment but for their daily needs. You must be rational in your thoughts and wishes.

Large companies like Amazon when they see that bitcoin reaches levels above $ 20k if they accept it, the reason is obvious, when Bitcoin reached $ 20k everyone wanted to have and sell in terms of Bitcoin, because it represents a lot of money, this means that in The moment they see that it cannot be delayed as all systems are updated through the Blockchain and the use of bitcoin increases, they will accept Bitcoin as a payment method.

For its part, the reaction in the Bitcoin market should be favorable, which can be seen reflected in the price in its increase.

PayPal decided to offer buying/selling Bitcoin, because they can make money off transactions fees, Amazon has no reasons to adopt Bitcoin - it's a very unpopular payment method, and even among people who own Bitcoin, so many prefer to HODL it rather than spend. We're seeing adoption of Bitcoin as an investment, store of value, but not much adoption for consumer transactions.

If Amazon does what PayPal did, then it will make no difference.
But if Amazon integrates a payment system which can be used to deposit real btc there, it will be a game changing decision from Amazon and will be a gift to the Bitcoin community and can only work if hefty discounts are given by Amazon on purchases through crypto. Since the market sentiments are already too much bullish and we are rolling on btc, this news will add some extra condiments to the flavor the markets are already giving us.

First and foremost Amazon has some good intentions in not accepting bitcoin as a viavle payment method. For one, the coin is so volatile it could cause an unprecedented decline in their profits. Aside from that, the transaction fees Amazon will have to shoulder to carry on with this will far outweigh the profits they will earn using bitcoin. In the case of Paypal, them accepting bitcoin is not to procure them as a form of payment method, but as a locked-in investment.

If that happens I think BTC will fly above $20,000 :-* :-* :-*

Users are expecting Amazon to do it, but behind it there are still too many risks when they use Bitcoin as a means of payment, which is the drop in price as well as a huge cost to operating it, is this too much of a problem?

The main problem why merchant doubt and hard to decide this adoption is the volatile market since there's a high possibilities that they will lose a huge amount of money if the market crash, remember they are not a cryptocurrency trader so for sure they cannot stand to hold for longer times and might their business collapsed if market goes bad for that matter.

But the one I see the benefits of it if amazon accept Bitcoin is the transaction will continuously flow and that would be a healthy scenario for Bitcoin.

Adding bitcoin as a payment method is a great idea. It will definitsly makes the price soaring cause of the human reactions. Though, I personally think that bitcoin will not often be used on this platform. Using visa or wire banks offers them more discount and cashback which is very attraction to consumers. Moreover, the transaction fee is an annoying issue which make people think before using bitcoin to purchase a product.

In my opinion, other cryptocurrencies should be adopted in these online marketplace rather than bitcoin. Bitcoin is consdered as digital gold which makes its price higher and higher. Though this mindset has blocked bitcoin from becoming a form of currency

Amazon is working like a usual store. No that big advantage if they will accept Bitcoin but just another payment method. I also doubt customers will use mostly bitcoin payments here as it's more convenient to pay them thru bank cards.

Paypal on the other hand will take advantage of crypto-payments because of fees. And that's their service after all, payment processing system.

But whatever it is, it will be a good domino effect if Amazon will accept bitcoin as other merchants will surely follow. More acceptance, more awareness.

I can foresee that sooner or later, Amazon will also accept bitcoin or other alts in their payment system. It will be a domino effect when that happens. Other large ecommerce sites will follow. I guess, they are already thinking this by now.

Amazon is a shrewd business organization, and they will never get into anything without first making sure that they are gaining more than losing money.  I am sure that they studied this possibility of adding Bitcoin as a mode of payment but decided that this is not yet the right time. Or maybe they are not seeing a big demand yet. They must have seen many online and offline retailers adopting Bitcoin yet not having significant and sustainable volume of business from people holding cryptocurrency. With the way things are currently holding, Amazon does not need Bitcoin, and we in this industry are putting it that it is Bitcoin that needs Amazon.

Amazon does a huge number of transactions and has every possible transaction system on board. The major hurdle in adopting bitcoin would be the decision regarding fees. Whether to pass to customer or bear them. LN could be useful here if Amazon decides to become a node themselves.

For these giant enterprises, adopting bitcoin is a huge decision to make as it will mean endorsing bitcoin. If Jeff Bezos was more like Jack Dorsey though, this would have been exciting. Another point to maybe consider is that Amazon may have some plans for its own AWS before endorsing bitcoin. Bitcoin's PoW doesn't really need the cloud.

As far as I know, Amazon has no ideological issue with Bitcoin. But they don't want to deal with the volatility, legality and tax related issues which can come up if they accept BTC payments directly. And this is where PayPal comes in. Hopefully by mid-2021, PayPal will make it possible to make payments with BTC. That would mean that users would be able to do the same in Amazon, using PayPal.

All these big institution will still rush in later or sooner. Bitcoin has gained the attention of the world and this is just the starting point.  Paypal is leading the stage, Amazon will come very soon and it will just continue like that for others large based institution.

If they rush towards Bitcoin, then it will be great news. But if they don't, then I won't be much surprised. The breakthrough with PayPal came more than a decade after the first Bitcoin was mined. If you check the old threads (especially the ones from 2013 and 2014), there was a lot of optimism from the users that Bitcoin would go mainstream by 2015 or so. But it never got realized. Anyway, those who remained loyal are getting rewarded now. 

2017 was just the beginning where bitcoin was gaining attention from around the world, from governments, central banks, institutions to average joe's So it's a long way since we started and here we are again, in the limelight since bitcoin is very very bullish that Paypal can't resists not to join the bandwagon this early. As far Amazon, there were rumors like two years ago and it wasn't realized. Maybe they still don't want to accept bitcoin just like the rest of online merchants because of bitcoin's volatility, simply as that.

Despite being the king of crypto currency, the world's largest online selling app Amazon still didn't recognize BTC as a payment system. I think Jeff bezos is planning to launch their own coin for the payment system but still people can use BTC indirectly to purchase from Amazon as gift card, If Jeff shows green signal to BTC officially I am sure the price of BTC will boom more than expected.

I recently read that Amazon is interested in bitcoin and that the company owns several thematic domains like amazonbitcoin.com.
https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ethereum.html
But the very first obstacle to the introduction of Bitcoin into the payment system remains the volatility of Bitcoin. Today, purchases on Amazon can be made using BitPay if you purchase a gift card that is paid for in cryptocurrency.
There is no doubt that Amazon will be interested in Bitcoin, and as Danny Scott says, it's just a matter of time.

https://decrypt.co/48142/what-would-it-take-for-amazon-to-accept-bitcoin

Amazon will benefit more from bitcoin than bitcoin benefit from amazon. I didn't notice any remarkable price pump with Paypal bitcoin adoption, paypal benefit more from the adoption, they have access to hold traders fund and bitcoin. Amazon may help adoption and trust but not a remarkable influence on price if the news didnt come at good time. Bitcoin will get more volatile in few more weeks and I dont think it will be wise to be an active trader on amazon when the price is going up.

Amazon will be watching each and every move on the cryptospace. This means whether the big firms accepting bitcoin as payment for products and services making any impact or demand is watched. Based on the outcome will be the decision of Amazon on bitcoin acceptance on their retail and all forms of commerce.

I guess they must had heard the news about paypal integrating crypto so I am very sure they must have one way the other consider the use of bitcoin as a payment processor in the past but they must have also consider the volatility and other cons. Amazon is an e-commerce company while paypal is online payment platform so they are into entirely different business. They might consider accepting bitcoin indirectly through another payment gateway and might not be directly integrated on their platform

Yess , take facebook libra as example.
Complicated af , everything looks hard to legalize and applying crypto in the mainstream universe where a lot of interest involved, especially banks.
Amazon wont face that , a free tax they got is enough they wont get in touble .
Too much risk must be taken , for now i cannot see it happening , they maybe will wait and see.
But of course it is gonna be a next big step if amazon do accept bitcoin or any crypto.

There are some countries in the world where they can not buy with paypal easily so if amazon allow bitcoin and crypto currencies as a methode of payment they will attract the people living in these countries to buy from them because crypto is accessible anywhere in the world and their profits will grow.

Amazon will be benefited too using the bitcoin as a means or option for payment. The Amazon platform can use existing platform or exchange that can convert bitcoin to fiat and fiat to bitcoin vice versa. This to provide a wide range of option when a customer buying their product. Both bitcoin system and amazon will benefit in this and that we should like to see sooner or later.

what will happen? of course this is very good news if Amazon accepted Bitcoin,
after Paypal then other institutions will look to Bitcoin, and now the Amazon rumors have come,
if this news spreads on various social media, then it is certain that the Bullish will continue! and Bitcoin new all time high!.

^ That was good news rather. It is their lose if they didn't accept bitcoin or another cryptocurrency as early as now, but I am pretty sure that soon they will since other large companies have started acquiring bitcoin in their services or probably just like Facebook's project Libra they might be developing their own altcoin as another form of payment which if it happens surely it will be widely accepted in a blink of an eye. However, if Amazon will accept bitcoin as payment in the future that would mean a great mass adoption, and surely the bitcoin value will increase as high as it can almost reach the moon for the demand in bitcoin will also increase if at least half of the Amazon customers will use bitcoin by then.

Guys, don't you think that the question has now become irrelevant? PayPal has announced that by mid-2021, we will be able to make BTC payments using their platform. So it will be possible to make payments in Amazon using the BTC in our PayPal account. I think this is the closest we can get, as far as Bitcoin acceptance by Amazon is concerned. They are never going to accept direct payments in Bitcoin.

Now it seems that the price fluctuation that occurs in bitcoin is the main barrier for them to be able to cooperate with bitcoin, because this price movement can trigger differences in every product they sell.

However, it would be different if bitcoin became more stable like USDT, most likely I think Amazon will have no problem working with bitcoin.

Or maybe they have their own strategy if they really want to work with bitcoin as an alternative payment tool later, all of which is impossible.

I think it would be great if Amazon accepted bitcoin as a payment method. bitcoin will be increasingly popular in all countries, this will increase the popularity of investors in the crypto world, a good impact for bitcoin because the price will be more expensive from year to year. I think investing in bitcoin is a promising investment for the future.

That is interesting. I still wish that bitcoin is recognized worldwide, and that we can pay bitcoins for purchases on any online shopping platform.

In my opinion, what will happen if Amazon accepts bitcoin is that there will be quite a large mass adoption of bitcoin because there are many factors that will support the mass adoption, one of which is if bitcoin can be used in one of the largest marketplace platforms, there will be many people switching from USD to bitcoin. because the difference in fees is quite large and also the speed of wire transfer and bitcoin transactions will make bitcoin superior and the best option for making payments

Amazon will accept Bitcoin only if two things happen:
1.The Bitcoin price becomes stable in the long term.
2.Millions of people start using Bitcoin for retail purchases online.This means that Bitcoin will be less suitable for an investment asset and more suitable as an actual currency.
With the Bitcoin price going up and an expected bullish market in the next months,I can't see Amazon accepting BTC payments.Less people will use BTC to buy stuff and more people will prefer to HODL.
Maybe Jeff Bezos will buy some BTC and start trading crypto,but Amazon won't accept any crypto coins for a long time.

Right now, there's a big possibility that they would accept bitcoin as a mode of payment in Amazon because PayPal accepts it recently. Paypal's news that accepts bitcoin would hint to other businesses that they would accept it too as a part of a business's progress. Amazon would probably think if they would accept it now as other big businesses accepted it. They might just be learning it first before accepting it because we all know bitcoin price is not that stable compared to fiat.

Ever since Paypal and some Banks have already supported Bitcoin Amazon have already accepted Bitcoin as payment indirectly mate because the last time I checked all giant online shopping and store site integrated PayPal as one of their mode of payment but if Amazon public make the announcement of support Bitcoin it will also help Bitcoin to gain more awareness and surge in price.

If indeed Amazon is finally accepting payments with Bitcoin, then of course it will soon be copied by many other e-commerce sites around the world. The government will certainly take this into account. However, it is not certain that the government will just agree.

Indeed, it has a big effect on the market if some e-commerce will adopt the use of bitcoin as their payment because any person that is using that website to buy will be curious what bitcoin is, and it is a big opportunity also to the community as the knowledge and the goodness of this token will become famous, just like what happen to Paypal when they allow bitcoin as payment since it is a system that processes payments. It's a big advantage to the market to gain more investors and also to help every project that is when they studied everything that is important to know before investing.

I think some website already offers that, I'm not quite sure about this website I just saw this on the goods section before https://purse.io/shop
I don't recommend it since I haven't used that one before so I don't know if it is legitimate or not.
If you have some time maybe you could check it out and maybe give us a feedback about it?

If Amazon accepts bitcoin as another payment option, it will certainly make Bitcoin even more known because it is adopted by the world's E-Commerce giants. However, Amazon has yet to accept Bitcoin, not because Amazon is afraid, but because of a lack of regulation. If the biggest e-commerce companies like Amazon accept bitcoin payments, there will be a huge surge in asset popularity that will ultimately put Amazon and Bitcoin at risk. The acceptance of Bitcoin as a means of payment still needs to be researched and reviewed at an advanced level, because it is not only the usual adoption that is in mind but, their customers are very important too.

The chance of Amazon to get into the bitcoin acceptance on business isn't gonna happen unexpected or in a short. Already Amazon have created its inbuilt wallet that gets used similar to the Alipay. Those are just the digital form of fiat that can be added to the Amazon Wallet and can be accessed with ease. Possibly Amazon will try to have its own cryptocurrency and bitcoin into the business.

Most technology enthusiasts and traders are at least familiar with Bitcoin or however very few are aware of the underlying technology that makes virtual currency possible. Blockchains are the public ledger for all bitcoin transactions but they are a revolutionary exchange method that changes the way contracts are managed. However, with the improvement of everything through technology Amazon has started introducing Bitcoin to improve their business as it will make their transactions much easier to accept PayPal crypto.

Amazon has gained worldwide recognition as a multinational online-based e-commerce business. It does not seem that such an organization would easily associate a new medium of exchange like Bitcoin with their transactions. On the other hand, Bitcoin is not suitable for use as a medium of transaction due to its price volatility. Its stability is very important in completing daily life transactions through Bitcoin. So in my opinion, due to the high volatility of Bitcoin, Amazon will not be of much interest to the use of bitcoin, but if Amazon uses Bitcoin as their medium of transaction, the global demand for Bitcoin will increase exponentially and its value will increase manifold.

I don't think Amazon will accept bitcoins as payment on their e-commerce...
jeff Bezos is not that interested in Bitcoin, maybe they are not currently planning to accept Bitcoin as payment because the regulations in the US on Bitcoin are still unclear.

It will be a matter of time, I am pretty sure that Amazon will surely to accept bitcoin or other crypto currencies out there once they are ready for it. Right now the move of PayPal will surely to create a big impact especially to Amazon as they are the global leader in e-commerce.

If Amazon will start accepting bitcoin, I am pretty sure that bitcoin price will surely to skyrocket and it will be the time that monopolizing the bitcoin price  will become difficult especially for the big whales out there. Let's just wait, maybe 1-5 years from now we will be shock that Amazon is already starting to accept a crypto payment.

I believe Amazon will hop on, but fiat will be the main thing anyway, especially in retail. We might get a price bump at start, but not much after that

We know they will have to convert but the best part is the news about acceptance. Many people, especially those who don't own any bitcoins will not even understand how this works, for them the important part will be news of growing acceptance indicating an opportunity to buy.

If you saw those two words Amazon and Bitcoin together all you'd probably think is how much the price is going to surge if PayPal managed to achieve so much in such a short time.

New investors will not look for a way to spend bitcoins that they don't have. 

personally, I find it difficult to make transactions with cross-border merchants or service providers that have limited payment options. I usually need to find a third-party service provider for that. amazon should consider crypto, or at least cooperate with a custodial crypto payment gateway for that.

however, with Paypal starts "accepting" bitcoin, it can be a bridge to let you buy stuff on Amazon with crypto.
I found this on Paypal website: https://www.paypal.com/us/smarthelp/article/how-do-i-check-out-with-paypal-on-amazon-faq3899


We have the bridge now, PayPal.
now we could expect PayPal to push "their adoption" to let bitcoin holders on Paypal uses this "bitcoin" as a currency.

I think the trend is probably that they will partially accept bitcoin as a new method of payment in the years to come as Bitcoin will be recognized as a legitimate asset.

how do you know that he isn't interested, I'd believe on you more if you can show me an article that Jeff states his opinion on btc but people can change .
I know a top personality that don't accept btc at first but later they shocked the public and we find out that btc is now a part of thier business .
Maybe the reason on why they didn't accept btc is because of regulation , there's no need to rush because if they push it that can be the reason for thier business to go bad

Big companies that usually have online transactions will be one of the prospects for this. Amazon? They are soon to adopt crypto as well just like what other companies did. They are unto the competition and it's their choice to make a change otherwise, they will be left behind from the race.

We can't deny such interest, they know surely what will happen if they into the adoption. May it can't realize this time but probably, in the next days. There is no way to skip these chances, this is a big boost for their companies since people are now using Bitcoin for online payment and any transacting businesses.

Despite the Bitcoin being recognized  by Paypal and also integrated as one of their payment methods is too early to decide Bitcoin to be used as a legitimate asset because this was one of the reasons why some government and institutions don't want to support or legalize Bitcoin but Paypal integration of Bitcoin have already make 96% of all online shops to acknowledge Bitcoin.

That’s a decision they are going to make for themselves. I believe this news of them accepting Bitcoin must have gotten to them already, and they have seen other giant companies invest in and accept Bitcoin, they are seeing all that has been happening, I guess they just decided it’s best for them to not get themselves involved now.

Moreover, I want to get where some people are getting at with this, is it that they want amazon to invest in Bitcoin or they want them to accept it on their website, because investing and accepting it are two different things. I am seeing some people saying that they want Amazon to invest in Bitcoin, while what we actually want is for them to accept it on their platform.

Amazon accepting bitcoin would be fantastic and could help.push the price to the sky. Although Amazon may be waiting for a more scalable bitcoin before accepting it, but not to accept bitcoin as a means of alternative payment could be suicidal in the long run when all.competitors finally incorporate bitcoin.

From what I understand...most?...countries can purchase Amazon products...I'm unsure if 'free or reduced' shipping applies..but I'm pretty sure you can buy

Amazon anywhere. Again, correct me if I am wrong and you are overseas and cannot in some manner.

So with PayPal accepting BTC....and being able to get a debit card from coinbase or wherever....exchange (others) that offer same..

IF you are part of the 'unbanked' in the world, can you not simply do a KYC with your passport on an exchange like coinbase..get a debit card...

convert BTC to USD and use debit card on Amazon anyway?

I'd assume with Paypal offering a to take BTC....you at least could use the manner to take perhaps some shitty high inflation currency (Venezuela) and

convert it to BTC on Paypal...and at least guard in case of inflation of your shitty fiat currency from some countries and then use such to buy

products via PayPal and BTC purchase on Amazon?


Anyway...I'm supposing a lot above, but it has to be a lot easier to simply do a KYC get PayPal account and get BTC on PayPal to HODL or whatever and

at 'worst' convert it to USD to use in a manner you could get on selling sites like Amazon that used to be beyond your scope?


Those outside the USA correct me please, but some combo of the above should work to get a product off Amazon ...even if Amazon does not take BTC/Crypto yet.

I would 'suspect' as an aside, as happy as PayPal is about taking BTC and folks just planting it on their site for now, to HODL or eventually sell...Amazon

could probably offer the same kind of thing...you can HODL BTC at the price you bought and use it to buy stuff in the PayPal manner....anyway....thus my

guess

brad

Although Amazon and Paypal are different industries, but Paypal is one of the largest platforms in the world, so Paypal accepting Bitcoin
will definitely make Amazon a little bit affected and consider accepting Bitcoin too. We all can't predict the future, so don't be too sure
Amazon won't accept Bitcoin, anything can happen. Even before I did not believe Paypal could accept Bitcoin, because Paypal is known as
a Bitcoin hater, but now Paypal has finally changed its mind and officially accepts Bitcoin. I'm sure the same will happen to Amazon too.

The way Amazon works is it sets up centers that manage shipping within an area of neighboring countries.

Like in the EU you have amazon.de, amazon.co.uk and so on. These sites handle all the EU traffic and have warehouses in many countries, even those that don't have their own domains set up for amazon.

The easiest way to get a product from amazon is with a gift card code. You could buy those for bitcoin for years now. I think I used BTC to buy amazon codes first time in 2017.
The codes add to your amazon account balance and you can use it to buy whatever you need. Balances don't transfer between amazon sites so if you are using amazon.de, you can't buy something from amazon.com

That would be a big change in terms of adoption for bitcoin. I don't know though if they will be considering or plan to accept bitcoin since if you all can remember, Steam accepted bitcoin for some time but stopped accepting it because of the transaction fees and maybe its volatility.

If they saw that PayPal had influenced the market, Amazon might not be doing that instead to push themselves and work on crypto. With growing numbers of crypto users and companies that accepting Bitcoin, it will be their consideration to offer such kind of services. This opportunity that the pandemic brought to us is the way also it helps for known and big companies will adopt the system otherwise, it gives an option as well for the people to choose others where they can maximize their Bitcoin.

If Amazon accepted Bitcoin it would be incredible. I have declined Amazon gift cards because I preferred to claim my payment with Bitcoin. I imagine that Amazon would notably increase its sales. There is a total skepticism because Bitcoin is not accepted on Amazon, the most possible reason is that its CEO Jeff Bezos does not like Bitcoin. But what will happen when Bitcoin is massively accepted? Amazon would have to reconsider.

https://www.investopedia.com/articles/company-insights/090216/when-will-amazon-accept-bitcoin-amzn.asp (https://www.investopedia.com/articles/company-insights/090216/when-will-amazon-accept-bitcoin-amzn.asp)

Other people will be confused on what bitcoin what really is when Amazon will start accepting bitoin but i don't that this too far from the reality, However Company like this and other company are not accepting this kind of payment method. Also they already saw that paypal already had done job into bitcoin market and if this kind of situation saw then maybe Ceo Jeff will consider it as one of payment method but i say earlier lot of people will be confuse but then the good thing here is it will become more popular and will grow more.

I agree that many would be confused by this because in many places bitcoin's and many people are unaware of bitcoin's lack of legitimacy even if amazon accepts bitcoin it will take a long time for it to be introduced because most people are more inclined to transact through cash. The government will not support because it has no control blockchains allow digital transactions without any middlemen such as banks lawyers or any social network like ebay or amazon this is because blockchain transactions are made up of rule based steps or blocks which only progress automatically once the transaction is completed at the pre established stage.

Volatility is the main driving force on why bitcoin is not yet integrated on most businesses. In a business perspective, I wouldn't want to give the advantage to the customer, and to make a system that updates with the current bitcoin prices is very taxing for an e-commerce website. I do think that Paypal's integration is different than Amazon because they are different type of business.

I think Amazon has accepted bitcoin as a payment method for a long time, and it seems that not many users have made payments using bitcoin, because many people are not familiar with it.

Yes, that's the main reason why they are really doubtful on adopting bitcoin as a payment tool in most of their transactions. We all know that businesses are doing their best to earn profits and grow and they don't think that bitcoin can give them that.


This can possibly happen, but still, they accept bitcoin as a payment tool in them and it is still a good adoption for bitcoin.

Well, I am not aware of it. I thought they are accepting digital currencies which are fiat based but not cryptocurrencies. But there is a huge tendency especially with what happened recently wherein it could be the start of global payments using this technology but it is not yet assured. It will depend on how will it benefit third party networks or the economy perhaps, in general. Familiarity is also a factor, so since influence is already there, I think it would be a good basis for other companies, on how will they respond to crypto adoption. So let us all wait.

It matters if Amazon starts to recognize bitcoin and accepts it as a payment.

But they are a leader in their industry and I don't think they'll open something big such as accepting bitcoin in their platform. They are aware of bitcoin's existence and what will be the impact of it in the entire crypto market.

Big news if it comes but I don't see it coming the soonest.

If Amazon accepted btc or eth or other cryptocurrency    than people can buy easily product from Amazon. I was brought some service from seo clark and so happy that it allowed crypto currency. I heard that they rejected bitcoin 2014 but now bitcoin going to another level so anytime Amazon or other e-commerce can add a crypto currency payment method. I hope this time the cytpo market will be cross the 40000$ and i am waiting for this moment. Day by day people are interested in online platform    so bitcoin make another changed to this section.

Amazon does recognize BTC very well. They are not accepting as a method of payment in their ecosystem yet but this does not mean they don't know about it. They know it very well and Jeff Bezos no where said that he's planning to launch his own coin for amazon payment system. Please do not spread misinformation like that.

Amazon is doing quite Okay with Paypal and they don't need to launch their own coin for their payment system and BTW they have gift cards which works pretty much like a currency itself.

PayPal doesn't accept bitcoin as a payment method. In other words, any platform that wants to make move because PayPal made a move may not accept bitcoin as a means of payment either. The only good thing PayPal did for us is publicity (but in a wrong way) because they are making people see bitcoin as an investment instead of a payment method.

If really Amazon has accepted the use of cryptocurrency especially bitcoin, I think it will help to speed up the price of bitcoin across the nation compare to it's  initial Price existing, so it will be at advantage and also be at benefit to bitcoin users because been Amazon of the world adopting bitcoin it will definitely rise the price of bitcoin which will be approximately $40,000 in price because other company can equally accept btc as use of payment.

Bitcoin should be accepted everywhere. I believe that even big supermarkets will start taking Bitcoin. In several years our children will be used to this situation and call paper money something like the old-school stuff. Just let us wait.

That is very unlikely, but nothing seems impossible

Really nothing will happen if Amazon accept bitcoin, the thing with this online business is the they follow and adapt to what ever their partner do , I think it just a matter of time before it's accepted .

Amazon is a big company and it is very famous and once they accept bitcoin as payment method or they using it will have a big impact to the both. Amazon and bitcoin will become more famous and it will grow more.

There is more company for sure in the future will accept bitcoin as their payment because they will see the advatanges of partnership to the bitcoin.

Would Amazon's acceptance of Bitcoin have as much impact as Paypal? It's apples and oranges here.

Big supermarkets will accept bitcoin payments if the price of bitcoin is stable and has a speedy delivery of bitcoins. Currently, bitcoin's fluctuating nature cannot be used as a payment. Bitcoin still has a slightly expensive transfer fee, and it's also not very fast transfer. We are still waiting a long time for the time to come.

If Amazon accepts bitcoin as payment, then the bitcoin price will rise dramatically, as was the case with PayPal. Such acceptance is just not enough to increase the price and value of using bitcoin. At the moment, bitcoin has hit its threshold, which it can't overcome.

Third party apps will sure to eventually convert the price once it reach the amazon so the payment will be exact and same in the customer purchase. There are already several shopping applications in my country which uses a crypto to fiat third party app that do this job and it somehow work to those who only have money in their crypto wallet in time of their purchase.

If Amazon finally accepts Bitcoin there should be hype, because Amazon is one of the largest market places in the world,
which makes the owner the richest person in the world. Then the effect will be huge on Bitcoin, even the effect is bigger
when Paypal accepts Bitcoin. I'm sure Bitcoin will pump up to a minimum of $ 50,000 if Amazon accepts Bitcoin. Because
Amazon will make other market places accept Bitcoin too.

there are pluses and minuses if amazon accepts bitcoin, now amazon rejects bitcoin maybe because they only think about the minus side of bitcoin, but if you look at it maybe i think there is a positive side to bitcoin in the future if amazon uses bitcoin. amazon and bitcoin big names definitely have their own advantages, and it's sure to happen.

Suppose Amazon would start to accept bitcoin and other cryptocurrencies as well. I think the crypto market's hype would continue, just like what happened when Paypal starts to accept cryptocurrencies to its network. Many huge companies have also started to buy bitcoins and cryptocurrency, that mass adoption has really started. I think the bitcoin's price will still be stable on its $17K- $18K mark that it would take long for its price to decrease lower than $17K.

Bitcoin is getting more and more popular in all countries, which increases the popularity of investors in the crypto world. It is nice that Amazon accepts bitcoin as a payment method. Good effect for bitcoin because its price will be more expensive year after year.