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Author Topic: Amazon and Bitcoin  (Read 2163 times)
richardsNY
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January 31, 2018, 01:49:24 AM
 #161

If Mircrosoft and paypal accepted bitcoin, why not for Amazon, this could be the perfect mode of payment from their consumers,  with no hassles and delays.

Amazon is responsible for far more sales volume than Microsoft will ever be capable of, and that's something people tend to ignore here. Bitcoin at this point isn't ready for such a large player, which could be the main reason why Amazon is holding off -- in order to take take away Bitcoin's limitations we need lightning network. If after lightning implementation Amazon still isn't accepting Bitcoin, then they just aren't interested. Realistically speaking, Amazon doesn't need Bitcoin or crypto to gain popularity and grow -- they have managed to grow significantly in the last few years to where they stand right now. Also, PayPal itself isn't accepting Bitcoin....
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ipanks
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January 31, 2018, 08:56:52 AM
 #162

If Mircrosoft and paypal accepted bitcoin, why not for Amazon, this could be the perfect mode of payment from their consumers,  with no hassles and delays.

amazon will attract more customer to visit and shop to their sites because the amazon has another option for payment gateway so their new customer could try to use bitcoin to pay. after amazon accepted bitcoin, then I am sure that the bigger shop online will follow the amazon way and this will make bitcoin become grow bigger and the customer could have another payment option. and after all bigger shop online uses bitcoin then maybe we can see that there will be another bitcoin debit card for the other option for payment.



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Carlsen
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January 31, 2018, 09:15:18 AM
 #163

I don't think that amazon will accept crypto currencies in the near future. Why would they?
Amazon is the biggest online shop. And the owners of crypto currencies are quite familiar when it comes to online businesses, otherwise they would not capable to handle crypto currencies.
That brings for amazon the question what advantage introducing crypto payments would bring. Everyone who is into crypto currencies will already have an account at amazon.
So I am thinking that offering a crypto currency as a payment method will bring more administrative efforts for amazon, but no real progress.

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Klestar
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January 31, 2018, 10:05:03 AM
 #164

This idea is still on a debate topic if amazon will accept cryptocurrency as a mode of payment of customer because we all know that all cryptocurrency contains a volatility and prices may vary in parallel to demands, they are studying if they will really profit from it or will lose in the future. I'm looking forward for this idea and if ever it will happen other online store will follow like ebay , lazada etc.
dinofelis
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January 31, 2018, 10:08:02 AM
 #165

This idea is still on a debate topic if amazon will accept cryptocurrency as a mode of payment of customer because we all know that all cryptocurrency contains a volatility and prices may vary in parallel to demands, they are studying if they will really profit from it or will lose in the future. I'm looking forward for this idea and if ever it will happen other online store will follow like ebay , lazada etc.

Exactly.  It is not because crypto currencies have the word "currencies" in their name, that they ARE currencies.  They are no more currencies, than the Deutsche Democratische Republik (former Eastern Germany) was democratic.  Crypto "currencies" are speculative assets.  You don't pay on Amazon with Apple options either.

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