What if Facebook and Amazon accept bitcoin?

[bobcaticus]

you already can....

http://www.gyft.com/merchants/amazon-com/

http://www.gyft.com/merchants/facebook/

What's the benefit of it though?

Gyft accepts BTC and offers an easy method, and for that I can see why someone would do it because their buying power has grown significantly and they don't have to mess with an exchange.

My benefit is that I can take money i've mined and buy a pizza via Gyfts Papa Johns card, or order food or any services via Amazon.  It's quite an amazing concept once you think that you can become self-sufficient. 

[Dafar]

What about Groupon or Living Social? Can they somehow use bitcoin? would there even be a point?


the main reason I want to see these popular companies to implement bitcoin is to spread awareness, we need user adoption to happen first and then we can see big advancements in merchant adoption

[J_Dubbs]

you already can....

http://www.gyft.com/merchants/amazon-com/

http://www.gyft.com/merchants/facebook/

What's the benefit of it though?

Gyft accepts BTC and offers an easy method, and for that I can see why someone would do it because their buying power has grown significantly and they don't have to mess with an exchange.

My benefit is that I can take money i've mined and buy a pizza via Gyfts Papa Johns card, or order food or any services via Amazon.  It's quite an amazing concept once you think that you can become self-sufficient.  

No no... I understand the value in using your mined BTC to buy things you would otherwise. I was hoping for Walmart cards on Gyft and I was going to mine for groceries, then put my cash into something different. Anyways, I digress.

My question is what is the benefit using Facebook bucks on Gyft?? Is it just so you can send a friend a card?

Re-read my post you responded to.

EDIT: OHHHH! <facepalm> I see. They take BTC and sell FB points, okay I get it. I thought they were accepting some type of Facebook payments, and that I didn't understand. All clear.

[luqash3]

Dafar I don’t think Amazon or other big companies should accept the payment in bitcoins like bitcoins are in continuous conflict with world powers that really don’t show sensibility to trade in bitcoins. Moreover bitcoins prices are highly volatile which further discourage big companies to use it as an alternative USD etc

[prophetx]

usually it is a one way deal.

if zynga accepts bitcoins it will only be to buy zynga poker chips etc, they cant go the other way otherwise they become a gambling website.

who knows it might happen sooner or later...

[Dafar]

Dafar I don’t think Amazon or other big companies should accept the payment in bitcoins like bitcoins are in continuous conflict with world powers that really don’t show sensibility to trade in bitcoins. Moreover bitcoins prices are highly volatile which further discourage big companies to use it as an alternative USD etc

They could have a setup where they cash out into fiat moments after someone pays them in bitcoin equivalent. That way they don't have to worry about the volatility and they get the benefits of bitcoin and lowers the risk of fraud charges.... right?