Amazon and Bitcoin

[npredtorch]

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.

Well, it wouldn't be impossible for amazon to do that just in case they will turn their interest on crypto. I find in better for them if they have their own branded crpyto which is a good promotion too for the business.
It will be a future massive coin/token for the people and it will turn tide to other kinds of it, mainly those who have purposes for E-Commerce (buying , selling online).

[TheUltraElite]

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

No and no. Amazon will not be accepting bitcoin - ever. You can count my words. There has been a running rumpor made by some FUD spreaders in the forum about amazon accepting bitcoin. However this will not happen and if it was to happen then there would be a official announcement from Amazon and also there would be a huge spike in bitcoin price.

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

What exactly do you mean to say? Your words make no sense. Also Amazon accepting bitcoin would make for some healthy growth in the price but this will not be happening anytime soon.

[pugman]

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

As of now, no news about it. All the hype created was nothing but for a rumor and a new thing noticed on what Amazon did is that they bought new domain names and those names we're surprisingly we're crypto names, like ethereum. No one is hyped up for it which is again surprising here. I think amazon will introduce itself to bitcoin most probably in 2018.

[pearlmen]

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

For the fact that there is a rumour around it shows that its on the table and some of the options to consider. They themselves as an organisations knows about this and that is why they willingly leaked such to the press in other to get the feeling of people and their reactions as well as regulatory agencies. If the good reception is very much more than the backlash, then we should see some implementation around that in the coming days but if otherwise, we still have to wait a long period of time before that will see the light of the day.

[Reatim]

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

For the fact that there is a rumour around it shows that its on the table and some of the options to consider. They themselves as an organisations knows about this and that is why they willingly leaked such to the press in other to get the feeling of people and their reactions as well as regulatory agencies. If the good reception is very much more than the backlash, then we should see some implementation around that in the coming days but if otherwise, we still have to wait a long period of time before that will see the light of the day.

I think before the petition was put into action, amazon has already at the back of their mind thinking of bitcoin as a acceptable mode of payment. I think as early as May or June, or maybe earlier than that they are considering bitcoin however when the price pick up they have made the decision to just wait. And when it was petitioned last October, they renewed their interest to see if its fit their business organization goal. However, right now they don't see fit so I guess we have to wait.

[haroldtee]

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.

I really want to believe that is the case as well. It is possible they really do not have the possibility of implementing it soon or they really do, but there is one thing I have known about these guys and their strategies which is to use rumors and speculations to get public opinions before they make a pretty big decision. Well, the public opinion is glaring and it seems most of their users who are crypto enthusiast obviously want it, so it is possible, rumor or no rumor, we may see them activating it soon or in coming year, with CNBC even announcing them registering some domains about 5 days ago.
https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ethereum.html

[hase0278]

I really want to believe that is the case as well. It is possible they really do not have the possibility of implementing it soon or they really do, but there is one thing I have known about these guys and their strategies which is to use rumors and speculations to get public opinions before they make a pretty big decision. Well, the public opinion is glaring and it seems most of their users who are crypto enthusiast obviously want it, so it is possible, rumor or no rumor, we may see them activating it soon or in coming year, with CNBC even announcing them registering some domains about 5 days ago.
https://www.cnbc.com/2017/11/01/amazon-buys-crypto-domains-bitcoin-ethereum.html

Since amazon is buying crypto domains it will probably not take long before they accept bitcoin and cryptocurrencies. The rumors seems to be true and like you I expect it to be implemented this year or the next. The only thing I can say for certain is that it would take less than a year from now for amazon to accept bitcoin if it is really true that they are buying domains related to cryptocurrency. If not, then it might take a while for them to accept btc and crypto.

[moynul2050]

No doubt all companies are getting interested in BTC, this will affect everyone to hold bitcoin. the impact of BTC prices increasingly expensive, as demand is increasing.
It's not too late to buy BTC at the moment and start saving it or trading. not too late

[LennyKo]

I agree with you, it would be a revolution in online sales when (not if) Amazon starts accepting crypto. But the recent statement of one of its executives makes it clear that they are in no rush to implement this.

[dancingnancy]

I agree with you, it would be a revolution in online sales when (not if) Amazon starts accepting crypto. But the recent statement of one of its executives makes it clear that they are in no rush to implement this.

Yeah this will indirectly influence many other online commerce services to follow in the same path of accepting bitcoin as a payment option. Plus since Amazon doesn't accept PayPal ,another prospective payment method will be an added advantage for bitcoin.

[jaysabi]

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.

It's likely that if Amazon does accept crypto, they will merely outsource that to an intermediary who processes crypto transactions and immediately converts to the local currency where they are shipping to or operating at. I don't see Amazon as being too interested in holding crypto, but only using it as a means to appeal to anyone who might not otherwise buy something from Amazon, and with the amount of sales they presently do, it's not likely to be meaningful.

As for Amazon's efficiency, they're actually acquiring brick and mortar stores now (there have been multiple acquisitions recently designed to give them a physical footprint, Whole Foods being the largest), and they're generally doing so because a purely online presence presents particular obstacles they haven't been able to solve.  And Amazon already has large scale operations outside of the US, recently announcing they were expanding their operations in Mexico and breaking in to Brazil in a more meaningful way. I don't particularly think crypto will play a meaningful role in foreign markets as much as the US, if they ever decide to go that route, and even then, I don't see it ever being a meaningful needle mover for the company.

[ceferov]

Maybe not bitcoin but other crypto but I think amazon will accept in a few years. Before companies accepting cryptos, crypto prices should come to a bit stable I think. Because companies will not accept high risks in payments because they are not traders

[szpalata]

I agree with you, it would be a revolution in online sales when (not if) Amazon starts accepting crypto. But the recent statement of one of its executives makes it clear that they are in no rush to implement this.

Yeah this will indirectly influence many other online commerce services to follow in the same path of accepting bitcoin as a payment option. Plus since Amazon doesn't accept PayPal ,another prospective payment method will be an added advantage for bitcoin.

Well it is all speculation at this stage and we'd have to wait for while  to see how things will unfold but it speaks well for bitcoin if amazon will adopt it as one of their payment processors because there are a lot of people who want to access amazon remotely but bare denied due to their credit card or jurisdiction and bitcoin can bridge all that discrimination.

[Pfizer]

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

No and no. Amazon will not be accepting bitcoin - ever. You can count my words. There has been a running rumpor made by some FUD spreaders in the forum about amazon accepting bitcoin. However this will not happen and if it was to happen then there would be a official announcement from Amazon and also there would be a huge spike in bitcoin price.

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

What exactly do you mean to say? Your words make no sense. Also Amazon accepting bitcoin would make for some healthy growth in the price but this will not be happening anytime soon.

I agree with you, for the short term, they won't be able to accept bitcoin from their customers. But in the long run, why not? They can make bitcoin adoption into their payment system and this can turn real. Not a rocket science to accept bitcoin.

[tabas]

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

I think so, like very other companies that are now into bitcoin. Also Apple, google and other popular companies that are into technology and innovation will be later on accepting bitcoin on their payment method. I'm waiting for facebook to start accepting bitcoin for their facebook ads and when that happens I'm going to boost my pages through them since they are sucking my PayPal's balance even without noticing it.

[coindomain]

There is no reason why Amazon shouldn't accept Bitcoin at some point in the future. I believe that it is only question of time. Testing and making sure there are no issues with the implementation it will require some time but the time will come.

[fanbeila]

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

Yes,it seems that very soon it may officially announce about accepting bitcoin payments.There were lots of petitions from users to amazon CEO to accept bitcoin.Already,there are some online stores which accept bitcoin.I think that amazon could no more avoid bitcoin since there is a huge competition in online retail business and amazon would not like to deliberately leave its customers to other competitors.

Amazon has recently registered three domains in the name of crypto currency and it assures that soon it may adopt bitcoin payments.

[freneza]

I think amazon accept btc next year

[fiulpro]

There have been certain rumors about the same thing..amazon could accept bitcoins no doubt but I think its a little bit harder right now.

Since in 10 days we are going to see a hard for coming thus its literally impossible to predict the prices of bitcoins and if they by any chance suffered a major  blow amazon might not accept at all..but if bitcoins proved to be still the regining emperor that they are the. For sure they can go ahead with their plan of accepting bitcoins..

So I think its a little hard for bitcoins , to be accepted this year by amazon.. but there are probability of bitcoins being accepted in the future no doubt.

[audrey12]

Probably next year Amazon will announce the acceptance of bitcoin as a legal tender because bitcoin became more popular through the years and I guess it was able to meet the trust of most people even different establishment  maybe they are just studying the best tactic to hold bitcoin and how it will be accepted considering the fluctuations it experience from time to time.