Which other company will support Bitcoin next?

[Ridwan Fauzi]

I found this rumor https://www.google.com/amp/s/bitcoinmagazine.com/.amp/business/what-happens-when-walmart-buys-1-billion-of-bitcoin that walmart already bought bitcoin but they haven't announched to the public. It means, there is chance for walmart to choose bitcoin as their saving place for their fund.

I guess there will be many companies that will make a decision to hold bitcoin. Given bitcoin is a promissing place to be made as store of value. Moreover with the curreng situagion when they need a good place to avoid inflanation they will be easy to choose bitcoin. Also, some big companies who already have bitcoin on their bag will push another company to choose bitcoin.

[Welsh]

Honestly, I don't know who would be next, but the most impactful would probably be a grocery store. If you think about the amount of things you can purchase with Bitcoin, the list is probably endless. However, there's yet to be a company to accept Bitcoin for things like food. So, if Walmart or ASDA here in the UK started to accept Bitcoin, I think that would be a monumental part of Bitcoin's history.

Although, back to your original question. My gut instinct is Amazon will likely lead the pack in terms of cryptocurrency adoption. In fact, despite it not being a cryptocurrency don't they already have a digital coin system that they use? Amazon coins or something?

 

[ene1980]

Although, back to your original question. My gut instinct is Amazon will likely lead the pack in terms of cryptocurrency adoption. In fact, despite it not being a cryptocurrency don't they already have a digital coin system that they use? Amazon coins or something?

We are hearing about Amazon adoption for years and they never allowed that to happen. From what i understand Jeff Bezos and Elon Musk are not the best of friends and if Jeff Bezos thinks that he was to challenge Elon Musk in terms of cryptocurrency adoption then he might invest billions as well and then starts accepting bitcoin payment for his E commerce business around the world which will be really huge.
Not sure about the digital coin Amazon has, from where you heard as this is the first time i am hearing about it  .

[hazenyc]

Although, back to your original question. My gut instinct is Amazon will likely lead the pack in terms of cryptocurrency adoption. In fact, despite it not being a cryptocurrency don't they already have a digital coin system that they use? Amazon coins or something?

We are hearing about Amazon adoption for years and they never allowed that to happen. From what i understand Jeff Bezos and Elon Musk are not the best of friends and if Jeff Bezos thinks that he was to challenge Elon Musk in terms of cryptocurrency adoption then he might invest billions as well and then starts accepting bitcoin payment for his E commerce business around the world which will be really huge.
Not sure about the digital coin Amazon has, from where you heard as this is the first time i am hearing about it  .

I think they were instead trying to build their own coin, but I doubt they will release it. They are probably watching closely what Facebook is doing and how their coin may or may not be adopted. Huge companies by now realized that there is nothing that can seriously compete with Bitcoin. Not from a technical standpoint, but the ideology behind it: freedom of choice, neutrality, etc. All the characteristics that decentralization offers and people value.

[ene1980]

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I think they were instead trying to build their own coin, but I doubt they will release it. They are probably watching closely what Facebook is doing and how their coin may or may not be adopted. Huge companies by now realized that there is nothing that can seriously compete with Bitcoin. Not from a technical standpoint, but the ideology behind it: freedom of choice, neutrality, etc. All the characteristics that decentralization offers and people value.

I am not aware of Amazon building their own coin, if the big companies are trying to replicate Bitcoin then it wont be successful as a project, they need to evolve and coming up with something unique will help in having the project covered while many companies right now is looking at this market as an opportunity to make money and the free publicity they can get if they invest in Bitcoin and hence the numbers will be huge.

[verita1]

I also feel like you to the expectations of which other giant in the industry could invest their capital in bitcoin.
Whichever it is, it's welcome. The future is written bitcoin, cryptocurrencies, decentralization and digital finances are leading our days and there is little time left for it to be on a large scale.

[hazenyc]

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I think they were instead trying to build their own coin, but I doubt they will release it. They are probably watching closely what Facebook is doing and how their coin may or may not be adopted. Huge companies by now realized that there is nothing that can seriously compete with Bitcoin. Not from a technical standpoint, but the ideology behind it: freedom of choice, neutrality, etc. All the characteristics that decentralization offers and people value.

I am not aware of Amazon building their own coin, if the big companies are trying to replicate Bitcoin then it wont be successful as a project, they need to evolve and coming up with something unique will help in having the project covered while many companies right now is looking at this market as an opportunity to make money and the free publicity they can get if they invest in Bitcoin and hence the numbers will be huge.

There were tons of rumors about Amazon Coin or some similar digital currency. They are not interested in replicating Bitcoin. They want a coin that is sufficiently centralized such that they can reap either profits from transaction cost margins or they want to be perfectly able to collect tons and tons of data about their customers.

[blckhawk]

~
I think they were instead trying to build their own coin, but I doubt they will release it. They are probably watching closely what Facebook is doing and how their coin may or may not be adopted. Huge companies by now realized that there is nothing that can seriously compete with Bitcoin. Not from a technical standpoint, but the ideology behind it: freedom of choice, neutrality, etc. All the characteristics that decentralization offers and people value.

I am not aware of Amazon building their own coin, if the big companies are trying to replicate Bitcoin then it wont be successful as a project, they need to evolve and coming up with something unique will help in having the project covered while many companies right now is looking at this market as an opportunity to make money and the free publicity they can get if they invest in Bitcoin and hence the numbers will be huge.

There were tons of rumors about Amazon Coin or some similar digital currency. They are not interested in replicating Bitcoin. They want a coin that is sufficiently centralized such that they can reap either profits from transaction cost margins or they want to be perfectly able to collect tons and tons of data about their customers.

Well if that is the case then I don't think that coins would be popular on crypto investors because they choose crypto because of decentralization and keep their identity hidden online. That Amazon coin would be the complete opposite of crypto coin I'd say. Anyway, we can't be so sure but that's my opinion perhaps it could be interesting in its own way. But I think instead of creating their own why not just invest on crypto coin or something like Elon Musk did that would be better for me atleast.

[hazenyc]

~
I think they were instead trying to build their own coin, but I doubt they will release it. They are probably watching closely what Facebook is doing and how their coin may or may not be adopted. Huge companies by now realized that there is nothing that can seriously compete with Bitcoin. Not from a technical standpoint, but the ideology behind it: freedom of choice, neutrality, etc. All the characteristics that decentralization offers and people value.

I am not aware of Amazon building their own coin, if the big companies are trying to replicate Bitcoin then it wont be successful as a project, they need to evolve and coming up with something unique will help in having the project covered while many companies right now is looking at this market as an opportunity to make money and the free publicity they can get if they invest in Bitcoin and hence the numbers will be huge.

There were tons of rumors about Amazon Coin or some similar digital currency. They are not interested in replicating Bitcoin. They want a coin that is sufficiently centralized such that they can reap either profits from transaction cost margins or they want to be perfectly able to collect tons and tons of data about their customers.

Well if that is the case then I don't think that coins would be popular on crypto investors because they choose crypto because of decentralization and keep their identity hidden online. That Amazon coin would be the complete opposite of crypto coin I'd say. Anyway, we can't be so sure but that's my opinion perhaps it could be interesting in its own way. But I think instead of creating their own why not just invest on crypto coin or something like Elon Musk did that would be better for me atleast.

This I believe is exactly the point why we don't hear anything anymore about an Amazon coin. They aren't blind and see the reactions to proposals of coins like Libra by Facebook. Not very well received so why bother to do the same as Facebook if you are Amazon and saw the negative repercussions.

I don't know what Amazon will do in this space. I can't imagine they won't do anything, but I wouldn't know what their proposal for a digital currency could look like such that it is superior to that of Facebook and doesn't violate privacy interests of their customers.

[seramania]

it will obviously benefit the market because bitcoin owners will easily be able to use bitcoins associated with the company. bitcoin makes that technology easy. so one day the company will accept more bitcoins for transactions

[Abiky]

I'm sure when big and reputable companies in the world support Bitcoin, Bitcoin will be trusted by people. This is very beneficial! When people flock into Bitcoin investment, Bitcoin prices will be high. That's what everyone wants. The last one we care about is that each bitcoin value can bring us how much money. I also recommend people to choose prestigious trading floors to participate.

The only downside about companies adopting Bitcoin is the mass concentration of supply among a few. This will make Bitcoin centralized as we speak, since the world's most powerful companies will have a large stake in it. Bitcoin will also become highly congested, making it impossible for the average person to use it for day-to-day payments. Unless Bitcoin addresses these issues, I don't see it going anywhere.

If Bitcoin becomes utterly-centralized as more companies join the game, people will have no choice but to use an alternative cryptocurrency like Litecoin or Ethereum for their own benefit. I'm guessing that renowned companies like Amazon, Google, Microsoft, and Walmart will hoard most of the circulating Bitcoin on the market in the not-so-distant future. Which one will be the next one to join the craze, it's yet to be determined. What matters is decentralization and censorship-resistance. As long as Bitcoin is able to balance between decentralization, equality, and scalability, there should be nothing to worry about. Let's see how long the craze will last depending on governments' approval in the mainstream world. Just my thoughts

[carlisle1]

it will obviously benefit the market because bitcoin owners will easily be able to use bitcoins associated with the company.

The more establishments and businesses to adopt this system the more people will learn about the benefits of this cryptocurrency.

Expect that value will continue to rise as demands will push it forward.

bitcoin makes that technology easy.  so one day the company will accept more bitcoins for transactions

Companies will do, when the influence of others drives new company to adopt and accept this chain.

[hazenyc]

it will obviously benefit the market because bitcoin owners will easily be able to use bitcoins associated with the company.

The more establishments and businesses to adopt this system the more people will learn about the benefits of this cryptocurrency.

Expect that value will continue to rise as demands will push it forward.

bitcoin makes that technology easy.  so one day the company will accept more bitcoins for transactions

Companies will do, when the influence of others drives new company to adopt and accept this chain.

On the one hand you are right but on the other hand we would need a revision of tax laws to the advantage of Bitcoin users. If you buy stuff with Bitcoin it is a huge hassle to get everything straight concerning your tax obligations even if you buy a $2 product. That doesn't help Bitcoin to become mainstream. Fo now it is an investment and trading vehicle and is only suitable for buying products of quite high value, like cars or houses. If you buy lots of small stuff with it you'll get crazy calculating all the realize gains and your taxes.

[Reatim]

Actually i'm not looking for popular or Big company to adopt or support bitcoin but what I'm looking is those Small businesses that we knew stands as ,majority in economic world.
Sometimes we are just naming those big companies but did not give attention to the silent majority and those are small or micro businesses.

[imstillthebest]

we can follow the social media accounts of the three companies if we want to be the first to know if any of this three company plans to adopt btc and blockchain .
its perfect for amazon and walmart to support btc as one of their payment methods because they sell different products but apple only sell non edible goods but all three of them are welcome in the club .
effects are felt imediately if they join together but btc will remain decentralized after it .