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Author Topic: When Giants E-commerce start to accept BTC?  (Read 1731 times)
Samarkand
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November 16, 2017, 06:41:10 PM
 #81

...

Put yourself in their shoes.  You are a company with tens of thousands of employees and a company worth hundreds of billions of dollars and a working model using credit/debit and some digital currencies like Paypal backed by fiat.  Would you change?  Do you need to change?  Would you invest in a currency that has has dipped and rallied huge percentages in hours?  

You are missing a possibility - accept BTC payments using a service like Bitpay or Coinpayments that covers the exchange rate risk for you.
If you integrate BTC or another cryptocurrency using a provider like this, you definitely don´t have to worry anymore
about a highly volatile exchange rate.

The solutions to the problem mentioned by you have been working flawlessly for years.

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November 16, 2017, 06:52:07 PM
 #82

I have heard that amazon has prepared to accept bitcoin as a new payment channel,
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November 16, 2017, 06:58:45 PM
 #83

I have heard that amazon has prepared to accept bitcoin as a new payment channel,

That can be a real revolution for bitcoin
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November 16, 2017, 07:02:00 PM
 #84

bitcoin is too volatile, so not taken seriously
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November 16, 2017, 07:08:29 PM
 #85

Even if, one giant E-commerce site starts accepting Bitcoin, it will surely become an example for others. As, payment using BTC can be beneficial both for the company and the customers as both will be able to enjoy the volatile nature of Bitcoin but only thing one need to worry about is government as they can raise an issue against payments using Bitcoin.
Why? Because government cannot track the income and expenditure of a citizen as Bitcoin transactions will be completely anonymous. So, proper regulations might be needed before implementing Bitcoin as a payment method.
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November 16, 2017, 07:10:25 PM
 #86

Amazon subsidiary is buying crypto related domain names so I think their onto something in the near future. As always, we just have to wait
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November 16, 2017, 07:27:12 PM
 #87

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?
I don't think this can happen because it's risky that big business does not accept that risk because it fluctuates constantly.

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November 16, 2017, 08:20:41 PM
 #88

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?

Put yourself in their shoes.  You are a company with tens of thousands of employees and a company worth hundreds of billions of dollars and a working model using credit/debit and some digital currencies like Paypal backed by fiat.  Would you change?  Do you need to change?  Would you invest in a currency that has has dipped and rallied huge percentages in hours?  

Your words makes sense to me.
If you anyway want constantly to improve your revenues and makes new costumers you have to look something odds right?
In that case they might have to..

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November 16, 2017, 08:23:45 PM
 #89

Even if, one giant E-commerce site starts accepting Bitcoin, it will surely become an example for others. As, payment using BTC can be beneficial both for the company and the customers as both will be able to enjoy the volatile nature of Bitcoin but only thing one need to worry about is government as they can raise an issue against payments using Bitcoin.
Why? Because government cannot track the income and expenditure of a citizen as Bitcoin transactions will be completely anonymous. So, proper regulations might be needed before implementing Bitcoin as a payment method.


Great point.
The problem is what you mentioned: the taxes. The Goverments cannot control how much they gain so the money they'll receive because of taxes

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November 16, 2017, 08:25:03 PM
 #90

Amazon subsidiary is buying crypto related domain names so I think their onto something in the near future. As always, we just have to wait

Who knows, maybe they are coding their Crypto because their influence. Who the hell can even know what we'll see tomorrown  Huh  Huh Shocked

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November 16, 2017, 08:26:15 PM
 #91

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?
I don't think this can happen because it's risky that big business does not accept that risk because it fluctuates constantly.

Have you eard about BitPay and Cointransation that was mention before ?

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November 16, 2017, 09:20:28 PM
 #92

E-commerce, shopping online, buy and sell, services and many more are cannot escape from adapting crypto currencies as payment.

1 to 2 years from now Amazon, Alibaba, ebay, etc. will accept payment thru crypto currencies.

and for Amazon they already have a plan for crytocurrencies, you may read more at the link https://www.investopedia.com/news/could-amazon-be-getting-cryptocurrency/

There are many more business, e-commerce that accept Bitcoin for their services and product.

https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies

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November 16, 2017, 10:42:45 PM
 #93

...

Put yourself in their shoes.  You are a company with tens of thousands of employees and a company worth hundreds of billions of dollars and a working model using credit/debit and some digital currencies like Paypal backed by fiat.  Would you change?  Do you need to change?  Would you invest in a currency that has has dipped and rallied huge percentages in hours?  

You are missing a possibility - accept BTC payments using a service like Bitpay or Coinpayments that covers the exchange rate risk for you.
If you integrate BTC or another cryptocurrency using a provider like this, you definitely don´t have to worry anymore
about a highly volatile exchange rate.

The solutions to the problem mentioned by you have been working flawlessly for years.



I think using Bitcoin is a good idea but im not a business owner.  I dont believe large corporations need Bitcoin right now.  Maybe later Wink
Flawlessly may be a stretch.  Bitpay has shown it is willing suspend service during uncertain times. http://www.zdnet.com/article/bitpay-to-shutter-services-during-segwit2x-hard-fork/
Thats not good for business.

Your words makes sense to me.
If you anyway want constantly to improve your revenues and makes new costumers you have to look something odds right?
In that case they might have to..

Good point.  Your either growing or shrinking. nothing stays the same.
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November 16, 2017, 10:44:51 PM
 #94

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?
It will all happen to me. we have to wait some more time until everything looks better prepared.
I have seen the development of the use of Bitcoin and this is one point that will soon be realized by big companies.
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November 16, 2017, 11:20:42 PM
 #95

why instead do they seem to be late adopters?
The number of small retailers is pretty low.  The difference is that they don't have a huge amount of resources to consider it, so their acceptance of BTC is somewhat experimental and they don't expect huge amounts of customers to be paying with it.

There's also the fact that BTC users are quite specific audiences, so very general audiences like Amazon may not be interested enough for it.  A VPN provider or porn site is more likely to accept BTC than Amazon or another major retailer.

As for adoption, I'd say it was happening more when the price was lower.  We're still mentioning the addition of one retailer at a time rather than giving general statistics or information.

If you really need to use those major services, you could try converting BTC to gift cards or using indirect systems like Purse.

I know a group that is trying to change this. Contact me directly if you want to know more. I don't want to spam the thread. But I agree with you. BTC is supposed to help us buy things online and that has been really slow to happen. But again, I know a team trying to fill that gap.
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November 19, 2017, 02:58:27 PM
 #96

E-commerce, shopping online, buy and sell, services and many more are cannot escape from adapting crypto currencies as payment.

1 to 2 years from now Amazon, Alibaba, ebay, etc. will accept payment thru crypto currencies.

and for Amazon they already have a plan for crytocurrencies, you may read more at the link https://www.investopedia.com/news/could-amazon-be-getting-cryptocurrency/

There are many more business, e-commerce that accept Bitcoin for their services and product.

https://steemit.com/bitcoin/@steemitguide/2017-top-list-of-big-companies-that-accept-bitcoin-and-cryptocurrencies

Didn't know that. Thanks for sharing  Wink
Anyway I think the same. Look back just 10 months ago and how much not only the proce but all the world is talking about it and it continues to grow - something big is gonna happen !
And it needs to come from a Top player of the market..

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November 20, 2017, 03:13:44 PM
 #97

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?
It will all happen to me. we have to wait some more time until everything looks better prepared.
I have seen the development of the use of Bitcoin and this is one point that will soon be realized by big companies.

Dinately. We have to wait a little more..but just see what happen since last year  Shocked

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November 20, 2017, 07:37:33 PM
 #98

I am very sure those big e-commerce enterprise would adjust. It is all about a matter of time. I am confident about this because, some start-ups that would accept crypto as means of payment are coming up and many for that matter

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November 20, 2017, 07:48:33 PM
 #99

I'm not sure what it will bring to them. The problem with the government they have to be. On the other hand, all users trying to store their coins in order to get rich in the future. The majority of purchases customers make for Fiat. In this case, the implementation of the ability to make purchases with bitcoin but trouble?

 
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November 21, 2017, 02:08:25 AM
 #100

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?

The reason why local e-shop are supporting bitcoin nowadays is because they want to earn bitcoin and make a fortune of it, because bitcoin price is growing, and by holding, they will earn more than the initial price of the product they are selling. Plus, they dont have to deal with tax if they use bitcoin as a transaction i guess. They are looking and risking this chance because they are not as rich as the big giant e-commerce, while big giant e-commerce already have a fortune and stable one.
But as bitcoin grows, i am sure all of big giant e-commerce, or big vendor, or big merchant, already put a thought on how to apply it to their respective market. Maybe they are doing some calculation, regulation, law studying, and more for now, but i am really sure they will adapt crypto currency (maybe only bitcoin) as ther payment option in couple years
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