Amazon and Bitcoin

[whisee]

Do you think Amazon will accept bitcoin (in this year or next future )?

[LennyKo]

Well, the rumor is already there.Amazon may have no plan to accept cryptocurrency now, but Amazon’s attitude matters greatly. It’s reasonable to assume that if Amazon eventually accepts cryptocurrency, the entire market could be lifted.

Note, on October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name.

This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there was news based on sources in Silicon Valley reporting that Amazon could soon integrate Bitcoin as a payment option.

[Pearls Before Swine]

There's already multiple threads about this, and thus far no official word, only speculation and hopes.

As I said in other, similar, threads I would be glad if they started taking bitcoin.  Myself, I don't like to
spend crypto when I can spend fiat, but sometimes you need cash and sometimes you need physical
things, the latter of which Amazon provides, and does it well.  I would gladly spend some of my
campaign earnings, for example, on books or video games from those guys.  And I'm sure a lot of the
shit posters on bitcointalk who abuse campaigns to no end feel the same.  They can't sell their bitcoin
here because no one trusts them, and there needs to be an outlet for them (and people like me) to
spend what they earn.  I'd love to see Amazon start accepting not only bitcoin, but other alts like
doge and litecoin.  But we'll see.  As of right now, it's only rumor and hope.

[btc_angela]

Do you think Amazon will accept bitcoin (in this year or next future )?

As far as I'm concern, this is still a rumor until such time that Amazon did really confirm that they are going to accept bitcoin as mode of payment. There are news saying that they bought 3 crypto related domains, so this must be sign that they will accept it in the future. But honestly, its better to wait till we have a official word from them. And if they did then bitcoin price will boom and be pump once again. Lets see how things will evolved regarding their decision on the acceptance of bitcoin.

[Hydrogen]

Looking at their free shipping policy, amazon appears to operate mainly in the united states. Their shipping network isn't equipped to function well on an international basis. If north america represents amazon's largest consumer demographic, I think they'll wait for international expansion to grow before including widespread support for crypto currencies.

The large majority of americans have access to debit/credit cards/paypal/gift cards & including support for crypto likely won't make a difference in their domestic US markets. Internationally however the percentage of consumers with access to electronic payment can decline. Crypto having a lower bar to entry for consumers could make it an attractive method of digital payment in areas like africa which are prone towards having unstable currencies and perhaps not the most cost effective methods of electronic payment.

What amazon's precise business plans are is anyone's guess. Business is going very well for them atm. Their key thing is efficiency. Eliminating "brick and mortar" stores gives them an efficiency advantage over traditional stores. Whether amazon expands and includes support for crypto may depend upon regulation. Tariffs, taxes, fees on shipping. Import/export regulations from US based businesses to foreign countries. Whether amazon can establish distribution centers in other countries who will be open to them operating there.

I don't think amazon will include support for crypto in 2018. But there is https://purse.io/ (which I have never used btw and can't comment on) it could make direct crypto support redundant to a degree. Paying for things on amazon with crypto may not be that difficult. What might be hard is finding shipping support, especially for international residents.

[Sadlife]

There are many rumors about this and speculation that they might accept it after they've already created sites that is related to digital currency that shows they might potentially accept bitcoin and ethereum. But still this are all rumors still no official word from amazon itself maybe they're waiting for the holiday seasons to come where there are lots of volume buyers or another big company to invest to convince them to invest to and join the bitcoin train.

[makishart]

Well, the rumor is already there.Amazon may have no plan to accept cryptocurrency now, but Amazon’s attitude matters greatly. It’s reasonable to assume that if Amazon eventually accepts cryptocurrency, the entire market could be lifted.

Note, on October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the “amazonbitcoin.com” domain name.

This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there was news based on sources in Silicon Valley reporting that Amazon could soon integrate Bitcoin as a payment option.

That's a bit strange for me. How people are taking it seriously. The amazon gives mass adoption or advertisement to the bitcoin and that's okay. But it seems the amazon try to divided the market. And it just like the amazon try to build an public opinion about the amazon try to adopt the crypto because the amazon already bought some domain related to the crypto. But remember the amazon can change the plan anytime.  Remember that's waste our time to bet on the rumor.

[dead_m92]

this is just a rumour, you all are taking this very seriously because all those are just fake news, it is like when there were some people saying that apple stores were going to accept ethereum, a lot of people took it seriously and the price of eth skyrocketed for a few days, but then it dropped.
This is the same, it is just a rumour and people are considering that amazon will start to accept bitcoin, and for me, it is not possible, and it would not happen for now.

[BrannigansLaw]

Do you think Amazon will accept bitcoin (in this year or next future )?

Do i really care if Amazon accepts bitcoin or not,if i want to purchase anything now with bitcoin you have purse.io where you can get products with bitcoin and i really do not care if amazon gives a shit about bitcoin or not as this has being a topic for a very long time.

[ross09]

well there's a rumors that amazon will accepting cryptocurrencies.but the company has never acknowledged these plans.. but i think for me its a good news if amazon will accepting bitcoin as payment.

[Razick]

well there's a rumors that amazon will accepting cryptocurrencies.but the company has never acknowledged these plans.. but i think for me its a good news if amazon will accepting bitcoin as payment.

This is 100% not true my friend. The whole rumor that started about Amazon accepting Bitcoin was done so by a former employee of theirs who is known for this kind of thing. He creates false news headlines and this is one of them. I must admit it would be cool to see Amazon accept Bitcoin, but their current setup is near, if not perfect and you know they say "if it ain't broken, don't fix it".

[Sahabat_]

instead of Amazon has received a bitcoin payment bro, as far as I know amazon has been applied in this year and it certainly can boost the price of bitcoin

[ipanks]

if amazon can take a look for a big opportunity to use bitcoin then i think amazon will accepting bitcoin as the payment because with the news of bitcoin in every where, amazon will thinking more about bitcoin. but i think amazon will use bitcoin if the price is not too volatile because they don't want to see any problem when their customer used bitcoin as the payment in future. maybe amazon is waiting for bitcoin price is stay at the one level price so they can try beta tester to use bitcoin for the payment.

[aardvark15]

Do you think Amazon will accept bitcoin (in this year or next future )?

Yes, I think Amazon will eventually accept Bitcoin as a payment method. I also think many other companies will as well. The problem is that with Bitcoin fees so high, I don’t think many customers are going to want to spend their Bitcoins for many of these purchases. I think other cryptocurrencies will eventually also be accepted as a payment method and many of these will be better suited for this purpose because of lower fees and for faster transaction times. It may take several years for this to happen, but I think this is the future of cryptocurrencies.

[iluvpie60]

I have seen before that Amazon was interested in Bitcoin and cryptocurrencies.

They actually would have grown more as a company and made more profit had they just bought into some type of bitcoin or eth or something.

It is funny when you think about it and look at how many alt coins were less than 1 USD and are now worth tens of dollars or hundreds on some. Amazon for "how smart they are" sure are not smart enough to get into crypto now while the prices are still low. Had they have been accepting BTC since the beginning they would have billions of USD worth of BTC if they held it.

[jtipt]

Do you think Amazon will accept bitcoin (in this year or next future )?

Isn't amazon trying to crate its own crypto? Yeh it would be much easier if Amazon just accepts BTC or other cryptos, but given its Amazon they will definitely look for profit. I'm not sure how making their own crypto is going to profit them, but it seems like they are moving in that direction.

[okissabam]

Probably not now but soon Amazon will give in and join other online markets once they will accept bitcoin on their site. I think most of the online companies are already interested in the cryptoworld and are even thinking of creating their own to benefit from it rather than conjoining from a widely known blockchain such as bitcoin and ethereum but let's just see how far this goes.

[CuriousGeorge]

Do you think Amazon will accept bitcoin (in this year or next future )?

Isn't amazon trying to crate its own crypto? Yeh it would be much easier if Amazon just accepts BTC or other cryptos, but given its Amazon they will definitely look for profit. I'm not sure how making their own crypto is going to profit them, but it seems like they are moving in that direction.

Making their own crypto is just necessary, people already comfortable by using payment method just like paypal or credit card and by creating their own crypto, they will just confusing their customer, nothing more especially if they deploy their own blockchain, they will forcefully rewarding their miners with the coin that can be used to pay stuff in amazon and so on. For me, not a wise move, but maybe different from amazon perspective.

[meldrio1]

maybe they will accept bitcoin in the future amazon will get more profit if they add bitcoin as a payment method, this will increase the price of bitcoin.

[yugyug]

amazon has been evolve fo a long time time, from selling books to a giant e-commerce, and bitcoin was an e-commerce too. so there is no doubt that amazon will soon adapt bitcoin but they are just observing the market and waiting for the right moment or they are making another cryptocurrency adaption. . so their site like amazonethereum.com and amazoncryptocurrency.com are a sign that amazon are preparing and ready to be launched.