Amazon is looking to accept Bitcoin payments by the end of the year

[bitcoin_bob]

That would be a great news for the bull run in the end of this year

[cabron]

Many users had already speculated Amazon to accept Bitcoin in the past. The possibility is there because of the ad they posted. What could the reason be for looking for a blockchain developer. But Amazon to develop their own token is also possible. Amazon is a big business and if they want full control of the finances and survey the users in their database, it's having their own token will probably be a priority.

[OgNasty]

I think big business is figuring out that if they support Bitcoin, then Bitcoiners might suddenly have a lot of money to spend on their products. What businesses would take in more money from Bitcoiners having a ton of extra money suddenly than Amazon and Tesla? Not to mention once Elon got billions in Bitcoin, Bezos couldn’t risk being left behind. It’s really only a matter of time before all billionaires and tech companies put BTC on their balance sheet as so not to lose a competitive edge.

[LEON331300]

Apple is one of the largest cash-holding companies in the United States. With over $195.57 billion in its coffers, a $2.5 billion investment in bitcoin would represent a 1.28% allocation.
The biggest holders of Bitcoin microstrategy (105,085 BTC worth $3.3 billion), followed by Tesla (42,902BTC worth $1.3 billion).
If apple buys Bitcoin, it would be the second-biggest public holder. The firm would immediately gain market share and disrupt the industry, This would send even more users to 'Apple Exchange, and bitcoin's widescale acceptance might just become a reality. Apple’s install base is 1.5 billion, and even if we assume only 200 million users would transact, this is 6.66x larger than Square. Therefore, the potential revenue opportunity would be in excess of $40 billion a year (15% incremental top-line opportunity).

[Leviathan.007]

Good news to see Bezos is going to accept Bitcoin and people can buy stuff from Amazon without using any third-party person as a proxy exchanger. However, I won't forget that we have the same story for Tesla, they accepted bitcoin payments, and the price was rising and then they stopped supporting bitcoin payments to fall down the price and that's how many newbies lost their money. We should pay attention to what happened before and avoid making the same mistake again. However, again I would say, soon, all the power companies will do the same thing.

[LogitechMouse]

I just saw this yesterday before I sleep and I expect for Bitcoin to rise hours after this was published online.
I thought also that I dreamt of Bitcoin surging too just because of one news. Kinda weird but its true .

Well it really happened as Amazon is "looking" to accept Bitcoin payments. Remember the word "looking" meaning they are just eyeing it for now still no intentions of adding it whatsoever. Either way, the market reacted positively with this news and Bitcoin rises near $40,000 (sadly it didn't pass went through that price). On the other hand though, Bezos is like Musk too. A businessman and he might do what Elon Sh*t did months ago. Releasing some good crypto related news and then will release some bad ones in the future. Either way, I don't trust this businessmen at all. Add crypto in their system if they really want to support it. As for me, I'm just happy that I converted some of my Bitcoins and got some good short term profits today.

[Lucius]

It should be emphasized that these are just rumors, nothing has been officially announced yet. In addition, it should not be forgotten that the option to pay in BTC does not automatically mean that people will use it en masse, because most still see cryptocurrencies as a store of value, or a long-term investment. Plus, even if the news is true - Amazon obviously doesn’t consider BTC a good enough solution given that it’s working on creating its own token.

Until the official announcement, I advise caution, the market has obviously reacted strongly - but the trend can be reversed very quickly if the news is officially denied by Amazon.

[Westingcote]

This would be huge if it were true and set new records for the price of Bitcoin.

It should be emphasized that these are just rumors, nothing has been officially announced yet. In addition, it should not be forgotten that the option to pay in BTC does not automatically mean that people will use it en masse, because most still see cryptocurrencies as a store of value, or a long-term investment. Plus, even if the news is true - Amazon obviously doesn’t consider BTC a good enough solution given that it’s working on creating its own token.

Until the official announcement, I advise caution, the market has obviously reacted strongly - but the trend can be reversed very quickly if the news is officially denied by Amazon.

It's amazing that you could buy groceries and other things that are not possible now that amazon are selling of course people would use it I would use it.

[Karartma1]

This reminds me what happened with paypal because before they added bitcoin to their wallet functionalities 6 months prior we had a few rumors around it. I'm not saying it's the same with amazon but seeing how the market reacted that must be some small truth behind the news.

[stompix]

Until the official announcement, I advise caution, the market has obviously reacted strongly - but the trend can be reversed very quickly if the news is officially denied by Amazon.

Oh crap, my perfect week start has just been ruined!
Please tell me the jump is not because of those rumors and the news and the pump are not timed, I never trusted "insiders" and especially when it comes to Amazon, we've been hearing those for the last 2-3 years constantly, enough to make everyone suspicious of clickbait invented articles.

That aside, why is everyone still talking about Bezos? He retired!

 

[Westingcote]

This reminds me what happened with paypal because before they added bitcoin to their wallet functionalities 6 months prior we had a few rumors around it. I'm not saying it's the same with amazon but seeing how the market reacted that must be some small truth behind the news.

the market will react just because of the rumors it does not mean that they know what is going on inside of Amazon.

[leea-1334]

I would love if amazon opened up to more of the world now,,, at the moment if you are from certain countries you will not get it available to you. Accepting Bitcoin means nothing if they do not open up the restrictions. Same if they have Amazon coin,,, what is the use if you cannot even access the service?

[Chato1977]

Can be of interest:

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider:

https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/

Amazon to create their own Crypto tokens? well that is already expected because Amazon is always hesitant in trusting bitcoin so if ever they will surely enter this market they will provide their own.

[AicecreaME]

Can be of interest:

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider:

https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/

I can't really tell if this news is great if it's true. We all know the personalities behind the big companies such as Amazon. It'sjust a little bit suspiscious to know that suddenly, these giants are interested about cryptocurrency. I can't help but to think that there is some hidden agenda in their plan to enter the world of cryptocurrency. Although I really do hope my gut feeling is wrong.

Nonetheless, if ever this will really happen regardless they have evil intentions, it will still benefit the cryptocurrency community because a big investor will enter. Surely, the market will be affected in a nice way. Growth and price value may happen. I just really hope Bezos won't be another Elon in the making.

[Anonylz]

i take it this recent pump in price was as a result of the Amazon news or ^{unconfirmed news} for the sake of market recovery i hope this will turned out to be true and not some rumor flying around  , it is long overdue, Amazon should already be thinking towards accepting btc as part of payment option, they have nothing to loss rather to gain instead.

[Cvetik56]

I always doubt when they say they "gonna do smth" instead of actually doing it. is it happens - cool. If not - why the hell did you say that then?

[Lucius]

Oh crap, my perfect week start has just been ruined!

Don't worry, even if this turns out to be incorrect, some new positive news will appear - because this is the ideal time for such news, people are a bit relaxed and don't check too much if something is true or not

That aside, why is everyone still talking about Bezos? He retired!

True, he resigned as CEO, but he still remained executive chairman. Yet he is someone that people most identify with Amazon, it is unlikely to disappear overnight. Besides, Bezos sounds a little better than Jassy

[TopTort777]

People choose to stay anonymous and use Bitcoin for purchases. And some of them will use anonymous payment system to order goods on Amazon to their home address. L - Logic.
I wonder how many bad guys gonna be deanonymized when police will match bitcoin address in their records with deliver addresses for Amazon purchases.

[mrongos]

if true amazon wants to accept bitcoin payments by the end of the year, this can be said to be very interesting news, just like tesla last year accepted bitcoin in payments, maybe next year more big companies will accept bitcoin in their payments. will happen next year..

[stadus]

We have been waiting for this, it's bigger than Tesla accepting bitcoin, so hopefully, the information is true so it will bring a positive impact to the price of bitcoin in the future. We saw some sudden pump, for sure it's the result of this news but if it's not confirmed, it will only remain as a speculation. we need a statement from amazon themselves to confirm the news.