Will Amazon accept crypto if Bitcoin skyrocket again?

[trickyriky]

The situation is completely reversed. If Bitcoin will become more stable and predictable it will be accepted by giants like Amazon. In the situation of a bull run they will not manifest their interest for accepting BTC or any other altcoin.

I dont think that Amazon have even considered accepting Bitcoins due to its volatility and they are not in the business of losing money and that may very much happen with the issue of high volatilty. They could however convert their BTC to FIAT on a daily basis if they don't want to lose money.

I will support you. Amazon has the best income in the world. This is the richest market, the best-known organization. They will never take risks to start working with the cryptocurrencies as crypto can fall anytime.

[hahahafr]

The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 . That's sure some good business.

[UNOE]

I do not think that Bitcoin have to skyrocket again to be accepted by amazon. I think that Bitcoin will be accapted as a payment only after right regulation which is not currently case, espeacially not in USA.
Although would be great to have options to buy something on Amazon with Bitcoin or even better with Litecoin, because it is cheaper to transfer.

[MakeMoneyBtc]

The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 . That's sure some good business.

But the same situation could be said about bitcoin price decreasing. Imagine receiving bitcoin worth 500$ this weeks and next week it's worth only 400$. Would you want to work with cryptocurrencies anymore after this happens? I don't really think so. Amazon has a reason why they are not accepting crypto and that's probably because there is not enough demand yet and they are afraid adding crypto to their platform will not help them that much.

[rijaljun]

They probably do not accept bitcoin due to regulatory and the volatility issues.
Yes, adoption by big companies will certainly increase adoption but at what cost? Can the governments allow them on "unregulated" currencies?

In fact, there are few big companies that accepted Bitcoin. Look at recent news, Starbucks starts to use Bitcoin in their business. Regulation for some big countries are not that hard, they could quickly act to any new things in this world. But, Big companies don't need to rush because there are a lot of uncertainty in this crypto space, they need to ensure that everything will run smoothly and there will be no obstacle to face.

[bonker]

I don't know there is nothing about implementation with the payments using Bitcoin is not considered by the Amazon so if they are officially announced only we can hundred percent trust this otherwise the possibility was very low right now to implement this process of payment method.

[mbluxs]

They probably do not accept bitcoin due to regulatory and the volatility issues.
Yes, adoption by big companies will certainly increase adoption but at what cost? Can the governments allow them on "unregulated" currencies?

of course it's not as easy as we imagine. yes maybe they will look for ways to be able to use crypto if it is for their good, if it is true they also need arrangements so that online crime is not easy and things are not desired by the company.

[Gaff]

The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 . That's sure some good business.

Hopefully they'll able to gain more interest of accepting bitcoin when that time comes. But for now as bitcoin still in the recovery period and showing more signs of bull run, we can't expect them to incorporate this type of payment system. As of now let's just wait and see good results in the future to commence a better outcome. Somehow skyrocket scenario is a case to case basis, and we can't predict it actually because it's really hard due to volatility.

[Mahanton]

The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 . That's sure some good business.

Hopefully they'll able to gain more interest of accepting bitcoin when that time comes. But for now as bitcoin still in the recovery period and showing more signs of bull run, we can't expect them to incorporate this type of payment system. As of now let's just wait and see good results in the future to commence a better outcome. Somehow skyrocket scenario is a case to case basis, and we can't predict it actually because it's really hard due to volatility.

Skyrocket or Dump market. Amazon wont tend to accept crypto yet there are lots of factors that they do need to consider if they had to.

Confirmation issues/Fees/Volatility/Legality etc. They would just stick out on their own traditional ways and would avoid things that they do see that can give
them some headaches.

[AppliedOptimal]

You can already use moon browser with an extension to use bitcoin in amazon and the likes. I also like coinpayments.net and I already used that website to purchase a service for myself.

[CryptoBry]

They probably do not accept bitcoin due to regulatory and the volatility issues. Yes, adoption by big companies will certainly increase adoption but at what cost? Can the governments allow them on "unregulated" currencies?

The way i see it, Amazon will adopt bitcoin and other cryptocurrencies if they are sure enough that they can generate more revenues and business by offering this option. We all know that many merchants are complaining even before in 2017 that their expectations of sales coming those using cryptocurrency were not met. In 2019, we should be hoping this can change but if the mindset of many bitcoin holders is to speculate I don't think we can expect otherwise. There is no use of introducing another mode of payment and then not a critical number of people are availing of it all because many of us are holding our bitcoin tight in anticipation of a bigger bull run soon. This is just a matter of business strategy.

[jrrsparkles]

They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.

[swordling143]

I am quite sure they wouldn't do that anytime soon. I think The Amazon company might consider investing in bitcoin but would never accept it as payment. Why? there would be too many complications in their transactions because of bitcoin's volatility. The prices would change on a daily basis and would simply be an added workload/process which will cost them more money. Oh yeah, imagine millions of refunds in bitcoin that they have to process considering the value might go up or down the next minute/day. I'm sure there will come a time for this idea when mass adoption happens, though.

[Shenzou]

It is not something that is impossible to happen, i mean recently there have been rumors about eBay might start accepting bitcoin and other crypto as payment method and if that happens, it will change the whole vision of other companies towards it and if it successful and proves to attract many people , we will definitely see not just amazon but other major companies starting to accept it as well, things are moving so fast and crypto is actually making some significant impact, so you it might start taking over sooner than we know it.

[Daniwahyu007]

I think Amazon might still be thinking of accepting crypto payments, eventually it will definitely accept. There are already many large companies that accept crypto currency payments.

[Gheka]

I am quite sure they wouldn't do that anytime soon. I think The Amazon company might consider investing in bitcoin but would never accept it as payment. Why? there would be too many complications in their transactions because of bitcoin's volatility. The prices would change on a daily basis and would simply be an added workload/process which will cost them more money. Oh yeah, imagine millions of refunds in bitcoin that they have to process considering the value might go up or down the next minute/day. I'm sure there will come a time for this idea when mass adoption happens, though.

I agree with you, investing in the crypto market if the price of bitcoin has a sharp increase is what Amazon can consider but if required they should consider bitcoin and crypto to become a payment method, that would be impossible when it has so many reasons and processes that need them to handle. The most typical is the regulations, the government still does not have a clear regulation on crypto, a large company will not be able to accept an illegal product, another problem is that value has too much volatility, which can always create injustice for buyers

[melted349]

They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.

If one of the competitors of amazon will try to use BTC then they might consider it, soon they will going to use it as it's much easier and faster in transactions and that's why they'll be needing.

[iv4n]

They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.

If one of the competitors of amazon will try to use BTC then they might consider it, soon they will going to use it as it's much easier and faster in transactions and that's why they'll be needing.

We spoke on this forum about amazon accepting btc payments 4 years ago, and they still didn`t accept btc as a payment method. One day they will, that`s for sure, I didn`t change my mind about that, but now I`m thinking that amazon can accept some crypto payments, but maybe not bitcoin, at least not in the first time, maybe they will favorize some alt before they start to accept btc. I say that cause some project are working really hard to make new contracts, new partners, maybe some of them are already in negotiations with amazon.

[KennyR]

They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.

If one of the competitors of amazon will try to use BTC then they might consider it, soon they will going to use it as it's much easier and faster in transactions and that's why they'll be needing.

We spoke on this forum about amazon accepting btc payments 4 years ago, and they still didn`t accept btc as a payment method. One day they will, that`s for sure, I didn`t change my mind about that, but now I`m thinking that amazon can accept some crypto payments, but maybe not bitcoin, at least not in the first time, maybe they will favorize some alt before they start to accept btc. I say that cause some project are working really hard to make new contracts, new partners, maybe some of them are already in negotiations with amazon.

Some sort of new ICO, or platform that will partner in Amazon is a good idea, once some crypto developer partnered into some big names they'll surely have good platform to offer.

Until and unless Amazon have its own coin we cannot expect direct acceptance of bitcoin into their business. Already they were the world leader with the fiat acceptance. When that is possible what's the need to move towards cryptocurrency or bitcoin. Earlier purse.io gave access to limited services on Amazon and same like that somewhere we can experience use of bitcoin on purchase from Amazon.

[Gabteb]

Sooner or later they will start to accept that is why they have bought domains with blockchain,btc etc as they understand that day will come and don't think it will happen after but maybe before, as we saw other big companies started do it.