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Author Topic: Amazon to accept bitcoin payments directly... the real breakthrough!?  (Read 502 times)
Baoo
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February 25, 2020, 05:04:26 PM
 #21

When Amazon will accept Bitcoin in payments?
After the launching of Libra currency ( Facebook's coin ) I would guess, they are waiting for that event  in order to happen, if Facebook will success then there is a great possiblity that Amazon is going to launch its own coin too, and at that moment, Amazon will put it as a payment method and of course same thing for Bitcoin and maybe other cryptocurrencies like, Ethereum and Bitcoin cash. Let's see what is going to happen.
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February 25, 2020, 05:54:04 PM
Last edit: February 25, 2020, 11:24:09 PM by LeGaulois
 #22

...


I don't trust Paywithmoon, there are a few shady things behind it.

It collects your data without asking the users their permission by manipulating the DOM browser and you can not opt out. When you install the browser extension it knows what pages are open in your browser and much more.
When you initiate the payment using your Coinbase account, it extracts the API keys (without you notice it) and the keys are stored on a server they control in plain text, it's not encrypted.

...

Amazon doesn't care about cryptocurrencies and it prefers to focus on Amazon Pay

...

Microsoft, Overstock, etc accepted Bitcoin on their store. Did you see a "major" boost on the price?. I don't remember something noticeable People won't go to purchase Bitcoin (paying a fee) to be able to pay their items on Amazon (and paying a fee again). Why not just pay with regular methods (GC, card, bank transfer).
As someone mentioned, if there is a decent discount then it may be another story

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February 25, 2020, 06:16:49 PM
 #23

Hi All,

I'm new here but I'm not new here if you know what I mean. Everything has come along way from how I remember it six to seven years ago when I first found discovered it. This is my first post so just walk with me on this one. A couple of days ago I had a dream that you could pay for everything on Amazon with bitcoin. Crazy I know... but then I thought wait that isn't that crazy.

So I started doing some research. I found a company which developed a browser extension to support payments on amazon with bitcoins (Not sure if its against the rules to post the company so I wont)... I'm sure there is a demand for it as I've seen the trade volume on a well known p2p exchange using Amazon gift cards. I say all of that to say this, what do you think that would do to the value?

Surely this would be the moment which would solidify mass adoption of the currency?

Just a few crazy thoughts going through my mind... whats your opinion  Huh





This is actually my first time hearing about such a method for payment in Amazon. To think that this is a huge company, it is indeed a wide shock. I've done my research. Bitrefill claims that you can actually purchase gift cards for entertainment, gaming, and travel or mobile refills quickly, safely, and privately using Bitcoin and other cryptocurrencies. It has a 4.5 rating and has actual positive feedbacks from users on posted on twitter. I also checked if the post is legit, and it is. This is a breakthrough because if known widely, online transactions in the same field or platform can accept the use of Bitcoins as payment. But I still think that these posts could easily be tampered or just made for promotion. Fake news must be stopped to reduce the doubt among people and even Bitcoin users. if it is indeed true, this must be tried, examined, and observed carefully.

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February 25, 2020, 08:43:16 PM
 #24

IIRC, around 2016 or 2017 there were people that were actually telling this that soon Amazon will accept bitcoins directly. However, it didn't happen but somehow became true but with help of third party providers.
It will make the mass adoption quicker and it's Amazon so whichever cryptocurrency they'll start accepting directly, will hit big. But we don't have to wait for that moment, they're already good with 3rd party that helps bitcoin users to pay them w/ it.

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February 27, 2020, 06:12:05 AM
 #25

It probably depends on Amazon, and how decentralized the browser extension is. Using a decentralized tool on a decentralized online store would work long-term in my opinion, but am not sure about mixing decentralized tool with centralized online store & vise versa. It will probably work short-term. It could however work long-term if the tool and the online store are both centralized... because it becomes easier to partner with Amazon after following some rules.
I think value from fully decentralized transactions is a better and safer value for Bitcoin network. Besides, owners of centralized companies could one day pressure Bitcoin network to play by their rules or they withdraw their huge value. The Bitcoin principles/rules should be supreme, and must be upheld by all stakeholders all the time.
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February 27, 2020, 10:49:33 AM
 #26

When Amazon will accept Bitcoin in payments?
After the launching of Libra currency ( Facebook's coin ) I would guess, they are waiting for that event  in order to happen, if Facebook will success then there is a great possiblity that Amazon is going to launch its own coin too, and at that moment, Amazon will put it as a payment method and of course same thing for Bitcoin and maybe other cryptocurrencies like, Ethereum and Bitcoin cash. Let's see what is going to happen.

Even if facebook's libra will be involved in this project (which is not necessarily will happen) its still a great leap forward for crypto adoption.
We are going to see great interest from social media anyway and it will lead to fresh money flow into the market
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February 28, 2020, 04:00:29 AM
 #27

I was surprised to see the title and even more surprised after reading your first post "just a dream" . I'm sure it will be a major breakthrough if the payment can be made directly. While there are already many services that offer gates for payment using Bitcoin at Amazon Shop, I think this is common, even though we also make a third person through Paypal.

....
I've seen the trade volume on a well known p2p exchange using Amazon gift cards.

are you sure with this?? can i get that source, i want to see if the price is good.

.
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February 28, 2020, 06:30:46 AM
 #28

first of all your forum account was a newbie so why call your self isnt ? this idea also happened long time ago but you knew that before , the only problem is that you didnt posted it before so its still acceptable for me but still thanks because this gives others an idea to try and use those service  .
 like i said earlier the idea was not new and i think when people started using it , btc and crypto community already excel a little  and hopefully now when more new users see this .
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February 28, 2020, 07:55:24 AM
 #29

I was surprised to see the title and even more surprised after reading your first post "just a dream" . I'm sure it will be a major breakthrough if the payment can be made directly. While there are already many services that offer gates for payment using Bitcoin at Amazon Shop, I think this is common, even though we also make a third person through Paypal.

....
I've seen the trade volume on a well known p2p exchange using Amazon gift cards.

are you sure with this?? can i get that source, i want to see if the price is good.


Of course, he will not be able to provide you with any source, I believe you are aware of that. Amazon to accept bitcoin payments, or any other crypto payments is an old story. People talked about this before I joined, and people will speculate about future of this for a long time, because I think we will not see Amazon accepting any crypto any time soon. I never traded with amazon gift cards, and I doubt that trading volume for that gift cards have any connections with crypto itself.

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February 28, 2020, 08:30:56 AM
 #30

Well, those would be very positive news, but I do not see it as a breakthrough...
On one hand it would definitely raise awareness among Amazon customers and would be an incentive for some crypto holders to start circulating their BTC instead of just holding (if no one spends their BTC adoption will be difficult)
But on the other hand volatility is too high... and that one is a killer for something like Amazon

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February 28, 2020, 08:55:08 AM
 #31

first of all your forum account was a newbie so why call your self isnt ? this idea also happened long time ago but you knew that before , the only problem is that you didnt posted it before so its still acceptable for me but still thanks because this gives others an idea to try and use those service  .
 like i said earlier the idea was not new and i think when people started using it , btc and crypto community already excel a little  and hopefully now when more new users see this .
I see there is progress for ecommerce like amazon can support payments using bitcoin and that means they have seen how easy it is to make payments using bitcoin so from this way amazon can increase transactions for payments using bitcoin and this method is great for customers who have difficulty make a payment.

well done for amazon, good job because it can start the initial steps that can provide a good influence for other ecommerce.

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February 28, 2020, 01:44:49 PM
 #32

I found a company which developed a browser extension to support payments on amazon with bitcoins

I prefer to wait for amazon's announcement that telling to the public that they will accept crypto as the payment because I am afraid that if we use a browser extension, it could attract hackers to find the hole. That can make us get trouble because they can see and steal the coins from that hole. I prefer to use another wallet that can give a chance to pay directly through the amazon website than to use the browser extension. It looks safe, but we don't know if they can always secure the file from the hacker.

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February 28, 2020, 02:14:57 PM
 #33

Every developments is a good news for all who've been following the footsteps of bitcoin, and now direct payments for online shopping has now begun to show off.
The thoughts is infinite and would gather more interesting information from all sectors that loved to see cryptocurrency showed intimate breakthrough towards physical marketplace.
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February 28, 2020, 09:17:19 PM
 #34

In my opinion it will not give a real breakthrough on the growth of bitcoin if amazon accepts payments with bitcoin directly. One large company
will not have a big effect, but the results will be different if all the big market places on the internet are all already received payments directly
with bitcoin. That can only be called a real breakthrough, because those who use bitcoin will be very a lot, this will increase bitcoin demand and
can make bitcoin prices continue to rise.

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February 28, 2020, 09:52:27 PM
 #35

For amazon user's yes, but there are a lot of those that use amazon, for example in our country where online shops like Lazada, Shoppee, and OLX are popular. I usually use Lazada and shoppee but we can' use bitcoin since they are not accepting it so we use this exchange to get credit or coins in that online shop using bitcoin. Still, we are not directly using it and still convert our bitcoin to fiat.

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February 29, 2020, 05:30:06 AM
 #36

The shop will have a wider range of audience due to the increased number of payment options but not enough to actually make a substantial shift on the adoption curve for bitcoin. We have had instances wherein huge shops and known companies accepted bitcoin for a while, only to drop them off due to the low number of people who actually uses it, plus the fact that the volatility of bitcoin hurts so much on those who directly accept it. Steam, for instance, accepted bitcoin payments back in 2015, only to silently drop it a year and a half later with reasons unknown. Though there are a lot of gamers using bitcoins to buy games or whatever in the said gaming platform, ultimately Steam has to take it down due to it not doing anything good in the company (I guess).

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February 29, 2020, 07:19:12 AM
 #37

The question "When will Amazon accept bitcoin?" has been asked 1000 times on the forum and this topic keeps getting attention.Can't you people realize that Amazon will never accept bitcoin payments,because the authorities won't let them?They are a giant corporation that's tied to the current fiat credit/debit card system and they have no plans about creating their cryptocurrency or accepting any existing cryptocurrency.
We will continue using services like purse.io,when it comes to buying stuff on Amazon using BTC.
 

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February 29, 2020, 07:36:35 AM
 #38

I'm new here but I'm not new here if you know what I mean. Everything has come along way from how I remember it six to seven years ago when I first found discovered it. This is my first post so just walk with me on this one. A couple of days ago I had a dream that you could pay for everything on Amazon with bitcoin. Crazy I know... but then I thought wait that isn't that crazy.

So I started doing some research. I found a company which developed a browser extension to support payments on amazon with bitcoins (Not sure if its against the rules to post the company so I wont)... I'm sure there is a demand for it as I've seen the trade volume on a well known p2p exchange using Amazon gift cards. I say all of that to say this, what do you think that would do to the value?

Surely this would be the moment which would solidify mass adoption of the currency?

Just a few crazy thoughts going through my mind... whats your opinion  Huh
You’re free to mention the site, and moreover most of us here already that you are either talking about Purse.io or Bitpay. With purse.io you will be able to make Amazon purchase and make payments with bitcoin. It’s been around for quite some time and that’s what some people have been using, though I have never used it for once.

But, I have checked out the site quite a few times. Another means for making use of bitcoin to buy on Amazon is through Bitpay. With Bitpay there are lots of possibilities as you can purchase gift cards of Amazon, Xbox, delta,Uber and a lot of them through their wallet app. I have used it to purchase an Amazon gift card for once. I am not really into it since I do prefer to make purchase from my PayPal. But that’s just me.
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February 29, 2020, 10:43:58 AM
 #39

Well if this is true then it would be one great step towards BTC adaptation.
I also found this site https://giftcards.switch.ag but I haven't tried it yet,
Could there be someone who have experience using this site?
It seem's good but I don't really want to try something new without having some feed back's if it is legit or not.

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February 29, 2020, 01:58:12 PM
 #40

Amazon having their own stablecoin could be really scary, same with facebook and microsoft and apple as well because these are HUGE companies and if they get any more power financially aside from just profiting from their work, they could be unstoppable and could become too powerful to bankrupt which means they will start doing whatever they want to do and if they fail simply they will be bailed out and knowing that they will do whatever they want with that freedom.

I still think no private organization should be allowed to do stablecoins in the major nations, maybe small island nations and all but no major country should allow their big companies to build any stablecoin and should simply do government stablecoins.

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