Amazon will accept Bitcoin payment this year

[goldade]

This is an amazing piece of news. Amazon is the largest online retail shop and its adoption and acceptance of bitcoin as a means of exchange would go a very long way in the adoption of bitcoin in the mainstream world.
You should know that one of the limiting factor of the adoption process is the fact that bitcoin can't be spent on items used on a day to day basis. However, this development has brought an end to this claim as every bitcoin user can now spend their coins.

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[CryptocurencyKing]

The inevitability of bitcoin  as an investment and medium of payment is very visible such that, it’s only those that some reasons just hate on its progress, government, individuals and corporate organisations inclusive that have refused to admit it for the many goods it could be used for. You can imagine Tesla coming back to accept bitcoin for a medium of payment! I'm not surprised at all, it was just inevitable that they should becuase, them not accepting is them loosing out. I begin to wonder, if bitcoin mining is now focused on renewable source of energy.
It's a very good news that Amazon has stepped into the seen, in due time, others would join too and it would be no surprise. The more reason why, bitcoin investors don't have to take the fud being spread around too serious.

[arallmuus]

And now we have another information from another insider who saying Amazon will be accept Bitcoin as payment, a good time to buy and stack bitcoin before it to the moon maybe.

You will be burnt someday if you rely on speculative information like this. So far the leaked information was Amazon preparing to accept bitcoin payment but there is no guarantee that Amazon is going to invest in bitcoin just like Tesla. Even if Jeff Bezos decided to invest in bitcoin, he probably will do it without letting the whole world know about it.

We are talking about a real CEO here that knows what to do and not Elon Musk that will tweet anything to get the world's attention on him.

Amazon is the largest online retail shop and its adoption and acceptance of bitcoin as a means of exchange would go a very long way in the adoption of bitcoin in the mainstream world.

Even if Amazon accept bitcoin payment, it doesnt mean the rest of the world will eventually purchase bitcoin just to use it to pay their amazon's shopping cart. You could always use cash to pay so why bother with using bitcoin to pay your cart

[lumeire]

This is an amazing piece of news. Amazon is the largest online retail shop and its adoption and acceptance of bitcoin as a means of exchange would go a very long way in the adoption of bitcoin in the mainstream world.
You should know that one of the limiting factor of the adoption process is the fact that bitcoin can't be spent on items used on a day to day basis. However, this development has brought an end to this claim as every bitcoin user can now spend their coins.

But the problem of buying low cost items with the help of bitcoin remains there. What would a person who want to buy a low cost items off of Amazon and wants to pay with bitcoin would do as everyone know the transaction involved here are drastically high as compared to the price of item that they want to purchase off Amazon. The best bet would be to load your Bitcoins in an Amazon wallet and spend bit by bit there, sending Bitcoins every time when we transact off Amazon would be a painful situation.

[retreat]

This is another good news as Bitcoin adoption is increasing year after year, there has never been a direct means to use Bitcoin as payment on Amazon, but there will be changes even before the end of the year. Amazon is already planning to add Bitcoin to its payment method, it was said that the directive is coming from the Amazon president, Jeff Bazos.

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” she told City AM.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”

The insider also explained that directors of the world’s fourth largest company were keen to move towards ticking off other big cryptocurrencies once it had established a fast and secure method of Bitcoin payment.

amazon sees huge potential in Bitcoin. amazon is the largest ecommerce in the world and for sure this will take Bitcoin to a high bull. just waiting for ebay and alibaba to accept Bitcoin then we will see Bitcoin pass $200k.

[imstillthebest]

This is an amazing piece of news. Amazon is the largest online retail shop and its adoption and acceptance of bitcoin as a means of exchange would go a very long way in the adoption of bitcoin in the mainstream world.
You should know that one of the limiting factor of the adoption process is the fact that bitcoin can't be spent on items used on a day to day basis. However, this development has brought an end to this claim as every bitcoin user can now spend their coins.

But the problem of buying low cost items with the help of bitcoin remains there. What would a person who want to buy a low cost items off of Amazon and wants to pay with bitcoin would do as everyone know the transaction involved here are drastically high as compared to the price of item that they want to purchase off Amazon. The best bet would be to load your Bitcoins in an Amazon wallet and spend bit by bit there, sending Bitcoins every time when we transact off Amazon would be a painful situation.

thats a nice idea to load your shopping account at one time to save fees . the only downside with this is we arent in full control of our funds but i guess there nothing to worry becuase amazon is a reputable company  .
 i think they can refund our money if ever theres a problem and we lost our funds iside their site . @goldade btc can be spent in almost any items .
 i think what you mean is its hard to use btc daily due to its fees ? well thats up to the user and to the network .

[Kasabus]

This is another good news as Bitcoin adoption is increasing year after year, there has never been a direct means to use Bitcoin as payment on Amazon, but there will be changes even before the end of the year. Amazon is already planning to add Bitcoin to its payment method, it was said that the directive is coming from the Amazon president, Jeff Bazos.

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” she told City AM.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”

The insider also explained that directors of the world’s fourth largest company were keen to move towards ticking off other big cryptocurrencies once it had established a fast and secure method of Bitcoin payment.

amazon sees huge potential in Bitcoin. amazon is the largest ecommerce in the world and for sure this will take Bitcoin to a high bull. just waiting for ebay and alibaba to accept Bitcoin then we will see Bitcoin pass $200k.

Good things are still coming though and hopefully not just amazon but all those big stores and companies should start looking forward to accept bitcoin too. In this way, not just a high bull run will definitely happen in the next months but adoption for crypto as its bound to coexist with fiat will now be very possible in the nearest time. Once amazon will finalize their decision and come up with acceptance of bitcoin, then we can expect that this market will suddenly turn into bullish one.

[stompix]

I don't know anything about City A.M. and have never heard of them before now.  Is this story being reported on any other sites (like more established ones)?  The bottom line is that I'll believe it when I see it, because I've been hearing about Amazon accepting bitcoin for years now, and it just never seems to happen.

It is a London free newspaper mostly targeting the guys at Canary and The City. It contains a mixture of economic and local companies news and is reasonably credible. I am not sure about this news precisely, but my take is that a maybe is not really a news is just a maybe... The problem is that many serious outlets are starting to provide the maybe news because they work wonderfully for the click baiting business. Anyway, let´s hope that in this case they got it right.

I don't buy these rumors, no matter how much I like that finally we're seeing the market moving in the right direction after weeks of going down despite nothing really bad happening, but I don't trust it, and for a lot of reasons:

- the newspaper has a crypto section, if you click on daily crypto it redirects you here:
https://www.cityam.com/profile/crypto-am-daily-in-association-with-luno/ , you can see in the link the name and on the page the fact that all thumbnails are ads for luno, so if this isn't at least lobby then I don't know what it is
- second, if you google the site"cityam.com" for amazon insider there are zero other news, so how did they managed to get this scoop when in the other 7 years of activity they haven't scored one?
- the crypto choice, BTC, ETH and ....bitcoin cash, and Cardano? Hmm, that's a weird move, why would they choose Cardano and cash and not others that are more used, Paypal went for LTC, not those. But not only do that plan on accepting those but they also will develop their own token. Common, what's this you're playing the trifecta here? This ain't Ascot!
- we had Paypal accepting bitcoin, we were almost caught by surprise, nobody heard the rumors nobody knew the coins. Same for Tesla, they bought coins, they implemented the payment gateway for buying cars yet nobody knew a word till the February filings!
- they posted a job ad. So it means they don't have all the personal, they are building the team, and that means only a few people know about the true plans, there is no team, there is no development another way they wouldn't straight go hiring! So, why would a higher-up risk his job to tell some rumors to a newspaper in the UK when it's so easy to find out who was the one leaking info?
- after the FB failure, why would Amazon even try this approach, normally you would let others break their necks in this rather than take all the risk for yourself and ending up in the crosshair of every politician, especially now with all the talks about taxation, wages, more taxation!

That being said, I almost pray for this to still have some truth behind it because if it turns out to be just fake manipulation we're going to see a lot of negative comments. I just read a piece on ****** in Gizmodo that raised my blood pressure well above what's healthy in this heat. So although I give it like 1-5% chances of being actual really I'm really praying more than ever for for a July Santa!

[Sithara007]

^^^ I mostly agree with stompix. It will be interesting to see how much risk Amazon is willing to take, after they have witnessed the debacle from Facebook. That said, whatever happened with the LibraCoin of Facebook was partly due to their own arrogance and overconfidence. Personally, I am not much worried, because the intention behind Libra was to replace Bitcoin with their centralized token (similar to China trying to replace BTC with eCNY now). I just hope that Amazon doesn't make the same mistake that was done by FB. Coming up with their own token is not viable in the near term (in case all these rumors are true).

[Xinarae*]

They have to replace their tokens by centralizing bitcoin but it will take a long time for bitcoin to be centralized. While amazon has accepted bitcoin money this year the focus has been on enabling people to buy digital currencies in this campaign exchanges see the creation of a variety of infrastructure including controlled uncontrolled centralized or decentralized desks and other liquidity providers. Increasing people’s ability to buy cryptocurrencies is essential although there is a bias towards individuals who want to transfer a percentage of their assets to new assets.

[magneto]

If true, then this is excellent news for all BTC holders.

Hopefully, they actually follow through with the actions and not just go through the motions. I would also hope that they are not using a custodial model with a third party integration - but rather developing their proprietary technology to accept BTC.

All in all, this is a much more genuine attempt at integrating BTC than Tesla by the sounds of it. A lot less speculative for sure.

[shogun47]

I don't know anything about City A.M. and have never heard of them before now.  Is this story being reported on any other sites (like more established ones)?  The bottom line is that I'll believe it when I see it, because I've been hearing about Amazon accepting bitcoin for years now, and it just never seems to happen.

It is a London free newspaper mostly targeting the guys at Canary and The City. It contains a mixture of economic and local companies news and is reasonably credible. I am not sure about this news precisely, but my take is that a maybe is not really a news is just a maybe... The problem is that many serious outlets are starting to provide the maybe news because they work wonderfully for the click baiting business. Anyway, let´s hope that in this case they got it right.

I don't buy these rumors, no matter how much I like that finally we're seeing the market moving in the right direction after weeks of going down despite nothing really bad happening, but I don't trust it, and for a lot of reasons:

- the newspaper has a crypto section, if you click on daily crypto it redirects you here:
https://www.cityam.com/profile/crypto-am-daily-in-association-with-luno/ , you can see in the link the name and on the page the fact that all thumbnails are ads for luno, so if this isn't at least lobby then I don't know what it is
- second, if you google the site"cityam.com" for amazon insider there are zero other news, so how did they managed to get this scoop when in the other 7 years of activity they haven't scored one?
- the crypto choice, BTC, ETH and ....bitcoin cash, and Cardano? Hmm, that's a weird move, why would they choose Cardano and cash and not others that are more used, Paypal went for LTC, not those. But not only do that plan on accepting those but they also will develop their own token. Common, what's this you're playing the trifecta here? This ain't Ascot!
- we had Paypal accepting bitcoin, we were almost caught by surprise, nobody heard the rumors nobody knew the coins. Same for Tesla, they bought coins, they implemented the payment gateway for buying cars yet nobody knew a word till the February filings!
- they posted a job ad. So it means they don't have all the personal, they are building the team, and that means only a few people know about the true plans, there is no team, there is no development another way they wouldn't straight go hiring! So, why would a higher-up risk his job to tell some rumors to a newspaper in the UK when it's so easy to find out who was the one leaking info?
- after the FB failure, why would Amazon even try this approach, normally you would let others break their necks in this rather than take all the risk for yourself and ending up in the crosshair of every politician, especially now with all the talks about taxation, wages, more taxation!

That being said, I almost pray for this to still have some truth behind it because if it turns out to be just fake manipulation we're going to see a lot of negative comments. I just read a piece on ****** in Gizmodo that raised my blood pressure well above what's healthy in this heat. So although I give it like 1-5% chances of being actual really I'm really praying more than ever for for a July Santa!

I just came across a post in another thread who found it the article is probably fake. All the things you mention here rather confirm that Amazon hasn't specifically planned to announce any plans nor have they finally decided to accept Bitcoin by the end of the year. They might have some plans in the pipeline, but nothing that should or could be leaked to the public as far as I know.

[tyz]

I just came across a post in another thread who found it the article is probably fake. All the things you mention here rather confirm that Amazon hasn't specifically planned to announce any plans nor have they finally decided to accept Bitcoin by the end of the year. They might have some plans in the pipeline, but nothing that should or could be leaked to the public as far as I know.

It must be a fake. Amazon announced today that they will not accept Bitcoin. Even if they were working on Bitcoin integration, they wouldn't deny it so vehemently. The bitcoin price has also already reacted and has lost over 10% from its interim highs yesterday. It's just always amazing how unconfirmed rumors, can trigger such a price increase.

[bryant.coleman]

It must be a fake. Amazon announced today that they will not accept Bitcoin. Even if they were working on Bitcoin integration, they wouldn't deny it so vehemently. The bitcoin price has also already reacted and has lost over 10% from its interim highs yesterday. It's just always amazing how unconfirmed rumors, can trigger such a price increase.

Their statement can be interpreted in multiple ways:

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true”

Here they are talking about "specific plans". IMO, they are just saying that the news that Amazon will start accepting from end of 2021 is not true, and they don't have a fixed timeline for this. And they also stated that they have some "interest in the space". It is not all gloomy, in my opinion. They are working on something related to cryptocurrency and we don't know the exact details.

[izsara]

This news was quickly responded by Bitcoin investors and their holders. Immediately seeing the price of Bitcoin go up is quite extraordinary. so this is the so-called impact that often occurs when the issue of Bitcoin is pulled to the surface and makes it a reference to increase the price in a short time? at least after the statement from Amazon.
Then, if this has happened, is there any news about Master Card having the same plan, namely adopting Bitcoin in the near future?

[Mpamaegbu]

I just came across a post in another thread who found it the article is probably fake. All the things you mention here rather confirm that Amazon hasn't specifically planned to announce any plans nor have they finally decided to accept Bitcoin by the end of the year. They might have some plans in the pipeline, but nothing that should or could be leaked to the public as far as I know.

It must be a fake. Amazon announced today that they will not accept Bitcoin. Even if they were working on Bitcoin integration, they wouldn't deny it so vehemently. The bitcoin price has also already reacted and has lost over 10% from its interim highs yesterday. It's just always amazing how unconfirmed rumors, can trigger such a price increase.

I guess you guys were referring to this – https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/?sh=25da30286842

[Vishnu.Reang]

I guess you guys were referring to this – https://www.forbes.com/sites/billybambrough/2021/07/27/bitcoin-suddenly-gives-up-its-price-gains-after-amazon-shock-sending-ethereum-bnb-cardano-xrp-and-dogecoin-sharply-lower/?sh=25da30286842

Check the exchange rates now. Once again they are they crossed the $40,000 level, although currently BTC is trading at around $39,700 per coin. From this, it is clear that market has taken the statement from Amazon in a positive manner. And that should be the case, because along with denying the timeline given in the CityAM article, Amazon reiterated that they remain interested in cryptocurrency. And in the end, it will be like PayPal. When they start accepting Bitcoin, there will be no prior warnings. It will happen all of a sudden.

[famososMuertos]

...//...:It must be a fake. Amazon announced today that they will not accept Bitcoin. Even if they were working on Bitcoin integration, they wouldn't deny it so vehemently. The bitcoin price has also already reacted and has lost over 10% from its interim highs yesterday. It's just always amazing how unconfirmed rumors, can trigger such a price increase.

Yeah, was officially denied by an company spokesperson:

Bitcoin fell below $37,000 after briefly surpassing $40,000 following Amazon.com Inc.’s denial that its job posting for a digital currency executive meant that it will accept the token for payments this year.

or,

Earlier Monday, the job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” had stirred questions among analysts over whether the move could eventually lead to Amazon accepting Bitcoin as a method of payment. Shortly before 4 p.m. in New York, an Amazon spokesperson’s denial that the company will accept the token for payments this year caused its price to plunge to $37,598.

^{Source: https://www.bloomberg.com/news/articles/2021-07-26/bitcoin-surges-toward-40-000-level-extending-recent-recovery}

It is creepy that certain announcements are so collateral in the price of bitcoin, but even more so in the incorrect analysis of a press release or a job, now the price although it had a $ 37,000 drop today is priced at $ 40,000 according to CMC .

[19Nov16]

This news was quickly responded by Bitcoin investors and their holders. Immediately seeing the price of Bitcoin go up is quite extraordinary. so this is the so-called impact that often occurs when the issue of Bitcoin is pulled to the surface and makes it a reference to increase the price in a short time? at least after the statement from Amazon.
Then, if this has happened, is there any news about Master Card having the same plan, namely adopting Bitcoin in the near future?

Positive rumors continue to come and make the market move positively, now the price of bitcoin is around $39800 and I'm sure tomorrow the price will be more than $40k, if Master Card accepts bitcoin then we can be sure the price of bitcoin will continue to skyrocket, the most important point for us is just hold so we can get big profit soon.

[Stalker22]

Even if Amazon accept bitcoin payment, it doesnt mean the rest of the world will eventually purchase bitcoin just to use it to pay their amazon's shopping cart. You could always use cash to pay so why bother with using bitcoin to pay your cart

It's certainly possible that some people don't like using credit cards and are uncomfortable with banks knowing all about their spending habits. This is probably one of the reasons cash is still so popular.
Btw, stealing money from someone's credit card online is a lot easier than through crypto, but that's a different story.