What is the reason Amazon hasn't adopted Bitcoin?

[Irvinn]

It seems to me that every businessman thinks about how he should report to the state on his incomes.  If the cryptocurrency is not legalized, then the business will not be able to accept Bitcoin.  This situation must be radically changed and the problem solved at the international level.

[pixie85]

Bitcoin is not regulated!
Thats why.

There are big stores that accept bitcoin. There are also big shopping centers in Japan and Korea where you can buy things with your bitcoins. I don't think it's just about regulation. It could be about the risk involved. There were a lot of scams and hacks and adding bitcoin payments could make the amazon payment system more vulnerable or at least this is how the management sees it.

If you want to buy stuff on Amazon you can buy a gift card with bitcoin and charge your amazon account with it. It's more work than buying stuff directly but not very hard to do.

[joinfree]

I think Amazon announced way back last year about their willingness to accept bitcoin and maybe other cryptocurrencies as payment methods but i believe the huge volatility of the crypto market is causing all these delays. However they can also choose to settle for stable cryptocurrencies such as TUSD, USD Tether etc.

[samcrypto]

Amazon like many other bigger retail think of safety of their reputation and still thinks Bitcoins is not legalize hence won't have anything to do it. But if it is adopted like other e payment like paypal, It would have receive amazon's endorsement.

The current legal status of bitcoin is the main concern and of course its volatility, its hard to use bitcoin if it continues to pump and dump maybe if Libra coin succeed they will soon use it. I also believe that someone in Amazon is investing on bitcoin, they can’t just ignore the potential of cryptocurrency do maybe they are also investing for different purpose.