Will Amazon accept crypto if Bitcoin skyrocket again?

[hxtop]

We'll see that day which Amazon accepts payments in bitcoin but we need to wait for a while because companies like Amazon must obey some strict rules which are dictated by goverments. If only Amazon has right to decide on this issue, they had already started accepting bitcoin payments until now. I meant that adoption of bitcoin doesn't only depend on its price.

[biskitop]

It could be because Amazon is the biggest market today, and as the biggest market, of course Amazon always needs high credibility, and if the price of Bitcoin soars and is used by many people, surely Amazon is ready to accept it.

[kolesozw]

There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.

What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?

I can't understand why you are making correlations between Amazon Bitcoin adoption and new Bitcoin ATH.

I think the main reason is volatility. Imagine you are in US, having US drivers, US warehouse, US employees and US clients, paying you with US Dollars. Then you use those US Dollars to pay all the the stuff in the line and take the margin (1%-15%). Now imagine your clients paying you with Bitcoin and the price clashes with 5% until your driver leave the warehouse?  

And why will Amazon need Bitcoin anyway? To attract a fraction of the percent as new clients? Because I'm using crypto, but I'm also using Amazon with old fashion fiat money. I'm not a target.

[don_ricci]

I don't know, but it seems to me that it must happen. Amazon is a very modern company, they always occupy a leading position in the market. I think they are waiting for the beginning of the price increase, waiting for what happens next. If bitcoin shows itself at its best, then bitcoin will be another way to pay.

[munareal]

It is a matter of time when Amazon will start accepting the cryptocurrency as a means of payment. The cryptocurrency is gaining acceptance as the number of e-commerce stores that accepts them are increasing by the day.

[Gheka]

It could be because Amazon is the biggest market today, and as the biggest market, of course Amazon always needs high credibility, and if the price of Bitcoin soars and is used by many people, surely Amazon is ready to accept it.

I don't think Amazon will accept bitcoin as a payment method even if the value of bitcoin rises again because the laws of each country are different, if Amazon accepts bitcoin, this means they encourage users to use bitcoin, and the governments of some countries will not like this when bitcoin makes the situation in their country have problems and turmoil. And even though the number of people accepting bitcoin is getting bigger but this number is still too small, most people still prefer to use old payment methods, instead of bitcoin.

[indrakusumaindra]

There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.

What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?

I do think there will be high possibilities that they will accept bitcoin but not because the price, the main reasons that amazon still not accept bitcoin cause crypto regulations still unclear.

[cfif123]

I don't know if Amazon can work with Bitcoin in the near future, for me if the closeness of Amazon with Bitcoin is actually very good and very developed in online selling situations all over the world I agree if Amazon works with Bitcoin

[maemunah]

in my opinion amazon should have worked with bitcoin for a long time because of what? advancing technology in the field of online shop and I think amazon must quickly work with bitcoin to make it easier for people who sell and buy and through payment via bitcoin

[eaLiTy]

There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.

What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?

There is no doubt about the positives if amazon accepts bitcoin and we are speculating about it for a long time and that never came to fruition till now, i do not foresee the record price being set just because a bunch of users start purchasing bitcoin to use it in a retail store, the real push must come from big investors who can really make a change, but one thing is certain that it will attract new users to the market which is a good thing, there are sites like purse.io where you can buy and sell amazon products with bitcoin and for the time being everyone can use that.

[sirohige]

it seems impossible because if Amazon accepts payments using cryptocurrency such as bitcoin then it will make an Amazon loss because the price is too high and can fall instantly.

[hatshepsut93]

Last time Bitcoin skyrocketed, the fees went to $50 per transaction and companies like Steam and Reddit have actually dropped Bitcoin as their payment method. If the same market pattern will happen again, you can expect a similar increase in fees, because people will by dumping their coins. Next time we'll have SegWit, and hopefully Lightning will be officially released, but still it will probably be not enough to ensure low fees during the hot period. But I blame the companies here, it's really dumb to drop Bitcoin only because the fees were high for a month.

[wuvdoll]

Amazon is just one example of it. Steam also accepted bitcoin when it was high but then they deleted that option and now we can't buy games with bitcoin. It was great while it lasted and I bought bunch of games from steam when it was available (at the time when bitcoin was going up so much I was making a killing as well so buying bunch of games with bitcoin seemed like a great idea).

Amazon, facebook, steam, many other places will take bitcoin if the price goes above 20 thousand dollars again, however they are not fond of currencies that lose that much money to begin with and may wish to reconsider next time around, the first time it happened maybe they thought that was it, bitcoin reached there and end of story. Now that they saw it going there and coming back, maybe they will want to wait a bit next time around and see how it goes.

[baobao2000]

That would be good news for crypto if Amazon starts accept bitcoin payment. If that really happen, bitcoin would be a true currency, and very soon it would be also accepted by other platform, it would be a huge success for crypto and I think it would be a push for bitcoin price.

[Best Dreams]

I don't know if Amazon can work with Bitcoin in the near future, for me if the closeness of Amazon with Bitcoin is actually very good and very developed in online selling situations all over the world I agree if Amazon works with Bitcoin

Both of them are really good sites and both has good electronic values, Amazon has good supporters and it is being use by so many people as an online source of payment so for me as well it is really a good news I am satisfied with it, bitcoin is such a useful investment and source to pay as well which is beneficial for both Amazon and bitcoin if Amazon accept bitcoin.

[BestSSS]

Great global companies like Amazon will not risk their money if the guarantees of success are not enough. Jeff Bezos I think not once thought about it, but the great volatility of bitcoin and what is happening in the cryptocurrency market today does not give him confidence that accepting payments in bitcoins will bring great returns.
The price of goods in bitcoins will constantly fluctuate and many will not like it. Potentially, if you leave the funds received in bitcoins, then Amazon can increase its profits to record percentages, but it is already good to change something now.

[romero121]

With small shops and businesses the price volatility won't make a big change over its turnover, but with Amazon and other large scale firms the volatility is a big concern. In the marketplace it isn't possible to provide with much varied price as we don't know how the price of bitcoin gonna move. In no time it could reach peak or can drop to the ground. Even if it accept it won't accept directly, possibly it'll accept through intermediary services.

[daarul50]

There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.

What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?

I think Amazon won't accept bitcoin to be used as a payment method in its services even though the price of bitcoin has skyrocketed again. However, it is likely that Amazon could adopt blockchain technology and make its own coins to use as a payment method. Why am I saying like this? Because there are many examples such as exchange services that make their own coins. it is far more profitable than having to accept bitcoin as their payment method.

[Harlot]

I think it would more likely depend on how hard Jeff Bezos will be hit by his upcoming divorce that he finally come to his senses for introducing other modes of payment besides paypal and credit cards in order to gain his losses from the separation . But kidding aside I do think its more about time than the price of Bitcoin, if we see more support from the government especially the US government I think it would be Amazon's green light to accept Bitcoin as a mode of payment.

[TravelMug]

I think it would more likely depend on how hard Jeff Bezos will be hit by his upcoming divorce that he finally come to his senses for introducing other modes of payment besides paypal and credit cards in order to gain his losses from the separation . But kidding aside I do think its more about time than the price of Bitcoin, if we see more support from the government especially the US government I think it would be Amazon's green light to accept Bitcoin as a mode of payment.

Very interesting thoughts. I never thought that Jeff will go on like this. Well, if you're going to look at those billionaires who divorces, almost majority of them shell out huge amount of money.

However, being smart Bezos will have to re-think his strategy if he wanted to stay on-top of the game. And accepting bitcoin will be another landmark and a first for his company if he chooses to accept it in the future.