Amazon's surface phenomenon

[Caldear]

Recently, there have been many reports that Amazon will accept BTC payments. The emergence of this news has caused the price of Bitcoin to soar. But this has not been confirmed at all. The only thing that has been confirmed is that Amazon is looking for experienced product owners to develop a digital currency and blockchain strategic product roadmap. The will be related to the digital currency developed by Amazon itself, and it does not confirm whether they will accept BTC.
https://btcmanager.com/amazon-accept-bitcoin-btc-payments/

It is now Amazon denies accepting Bitcoin. If Amazon makes a statement and says that they are developing their own digital currency but have no plans to accept BTC, the market will sell off again and the price of Bitcoin will also be affected.
https://www.coindesk.com/amazon-no-we-have-no-plans-to-accept-bitcoin-payments

The news we see now is only superficial, do they want to attract investment in their own projects in the future by introducing Bitcoin??

[Robinson66]

You can use purse(dot)io, which has been around for many years, to buy anything on Amazon.

It does not accept BTC because of the ridiculously high cost and slow construction time due to the artificially corrupted 1mb block size.

However, it does accept Bitcoin Cash BCH, and you can set your own discount percentage based on the urgency of the order

[Kittygalore]

You can use purse(dot)io, which has been around for many years, to buy anything on Amazon.

It does not accept BTC because of the ridiculously high cost and slow construction time due to the artificially corrupted 1mb block size.

However, it does accept Bitcoin Cash BCH, and you can set your own discount percentage based on the urgency of the order

My friend used this to buy in Amazon one time when I asked my friend to buy me manga and superhero statues, it does the work nice and everything is smooth because for about 10 minutes after I asked the favor, I was informed by that friend that the products are already bought and I just have to wait for sometime and given that there's no Amazon in my country, I have to wait 2 full months to have my product delivered by mail. Regarding Amazon denying that bitcoin is going to be supported, I don't think that we have to lose hope on this one because we know for a fact that if there's a profit, they will find a way to make money out of that, I think that Amazon hasn't formulated a good plan yet so I think that it's too early to call off that they're not going to support anything.

[Tim-BTC]

Large payments will be easier to process. For example, Tesla’s car company accepts Bitcoin payments.
A retail-oriented company like Amazon, which handles small orders and a large number of orders, must be considered by customers for transfer fees.

[Stanlo]

This might not be possible today but I have high confidence that we will get there, every online stores will have no choice but to start accepting crypto as means of payment one day, if you look into the past years of crypto and compare with today's achievement it's not a joke at all, crypto is evolving

[Robinson66]

You can use purse(dot)io, which has been around for many years, to buy anything on Amazon.

It does not accept BTC because of the ridiculously high cost and slow construction time due to the artificially corrupted 1mb block size.

However, it does accept Bitcoin Cash BCH, and you can set your own discount percentage based on the urgency of the order

My friend used this to buy in Amazon one time when I asked my friend to buy me manga and superhero statues, it does the work nice and everything is smooth because for about 10 minutes after I asked the favor, I was informed by that friend that the products are already bought and I just have to wait for sometime and given that there's no Amazon in my country, I have to wait 2 full months to have my product delivered by mail. Regarding Amazon denying that bitcoin is going to be supported, I don't think that we have to lose hope on this one because we know for a fact that if there's a profit, they will find a way to make money out of that, I think that Amazon hasn't formulated a good plan yet so I think that it's too early to call off that they're not going to support anything.

Cryptocurrency is developing. If Amazon issues their own digital currency, they may also accept Bitcoin as a payment method. But if they use Bitcoin, they still need to solve some problems, what standard to set prices for items in the future, and trust issues.

[Hydrogen]

If amazon follows the pattern of apple post Steve Jobs era. The trend of most corporations post founder era. They aren't likely to do anything ambitious or progressive. They'll be more likely to follow a business model of consolidation, rather than expansion. I doubt we'll see anything innovative or new from amazon. Industry and powers that be do not approve of loose cannons like Elon Musk and Jeff Bezos altering the private landscape. Amazon will become like ford, general motors and chrysler. Doing the same boring things, they've always done. Refusing to advance the industry, unless a new player like tesla comes to town and forces them to compete for survival.

It is possible alibaba (china) is the closest retail competitor amazon (usa) has at the moment. Whatever conflict is currently brewing between china and the united states could boil over to an alibaba versus amazon conflict. Some might scoff at this idea, but alibaba carries product niches and items which amazon has discontinued, for some strange reason. Amazon used to sell more motorcycles and prefabricated housing units. Two areas where amazon appears to be losing ground, while alibaba is catching up.

[The Sceptical Chymist]

You can use purse(dot)io, which has been around for many years, to buy anything on Amazon.

Yeah, but that's not exactly the same as Amazon directly accepting bitcoin, is it? 

I have no idea what Amazon is planning as far as their own cryptocurrency is concerned, but I don't think they're going to make a coin that would be tradable on exchanges or even one that can be withdrawn into a wallet.  What I've heard is that it's supposed to facilitate a loyalty program or some such thing.  If they tried to make a real coin, they'd be running into the same regulatory hurdles Facebook did when they tried launching Libra.

Anyway, like I said in another thread I'll believe it when I see it.  I've been reading about Amazon and bitcoin for years, but nothing ever seems to happen.  I'm not sure if this is just a rumor or if there's something to it; we'll just have to wait for Amazon to make an official statement.

[shield132]

It is possible alibaba (china) is the closest retail competitor amazon (usa) has at the moment. Whatever conflict is currently brewing between china and the united states could boil over to an alibaba versus amazon conflict. Some might scoff at this idea, but alibaba carries product niches and items which amazon has discontinued, for some strange reason. Amazon used to sell more motorcycles and prefabricated housing units. Two areas where amazon appears to be losing ground, while alibaba is catching up.

Don't we even mention eBay, Walmart, Target, Bestbuy? I don't think that Alibaba is the only closest competitor here. Btw in most cases, people use Alibaba or Aliexpress for dropshipping on amazon. They buy cheap Chinese products on Alixpress and then sell on Amazon or they buy bulk products on Alibaba, save them in their store and resell them on amazon (fast ship from a local store).
Personally, I often use pre-workouts. Idk if you know but there is one stimulant called DMAA. Amazon has discontinued and prohibited all the pre-workouts that contain DMAA. On Alibaba and Aliexpress, you can buy even DMAA itself. So, these kind of products are discontinued on amazon but available on those Chinese websites.

[Dragonfund]

I am not an expert but I think that this e-commerce advisor are bad in choosing the right path for the platform growth and development. What's really there in integrating bitcoin as an option in form of payment, this will not only boost their customers, but it will increase their profits and awareness to the part of nations that cannot easily access their platform but may be they fear regulation and the pressures that might comes after just the same thing that is happening in Binance today.

[ultrloa]

I am not an expert but I think that this e-commerce advisor are bad in choosing the right path for the platform growth and development. What's really there in integrating bitcoin as an option in form of payment, this will not only boost their customers, but it will increase their profits and awareness to the part of nations that cannot easily access their platform but may be they fear regulation and the pressures that might comes after just the same thing that is happening in Binance today.

They are huge business and I'm sure they have so many advisors about this situations maybe they see how volatile the bitcoin is since we all see how this one get easily manipulated by certain rich individual and they might lose money if certain manipulation to get it dump will happen so its not surprisinh why big merchant don't want this to accept now but maybe once bitcoin established well and join in the mainstream where it will became more harder to manipulate maybe they will consider it to accept as their additional payment option on their platform.

[jinneas]

When companies such as Amazon and Apple begin to accept cryptocurrency, other companies will follow the trend. They will begin to believe in cryptocurrency and adopt it on a large scale. The circulation of the cryptocurrency market will increase, which will lead to a more stable market.
Amazon and Apple's business mostly uses your money to buy goods or services. The more benefits they can get the better they feel, they adopt cryptocurrency only as a way to obtain more funds. They may also be supervised if they develop their own tokens, so they may just integrate and not launch another currency.