Ask Amazon for Bitcoin Payments

[chipmadness]

Maybe they'd rather developmen their own digital coin.

There is no doubt in my mind that this won't happen. Amazon loves to try and do everything, but it all sucks

[bakada]

Maybe they'd rather developmen their own digital coin.

There is no doubt in my mind that this won't happen. Amazon loves to try and do everything, but it all sucks

I wouldn't be so surprised if they did.   Then again, eventually I also get a feeling that some countries may enable their own form of their local currencies into their own crypto.

[validium]

Maybe they'd rather developmen their own digital coin.

There is no doubt in my mind that this won't happen. Amazon loves to try and do everything, but it all sucks

I wouldn't be so surprised if they did.   Then again, eventually I also get a feeling that some countries may enable their own form of their local currencies into their own crypto.

I think this has already started happening, for example in Iceland they have auroracoin http://auroracoin.org/

But if amazon decided to make their own coin it wont so successful(marketing it would be too expensive for them) they would be better off using bitcoin.

[blatchcorn]

Maybe they'd rather developmen their own digital coin.

There is no doubt in my mind that this won't happen. Amazon loves to try and do everything, but it all sucks

I wouldn't be so surprised if they did.   Then again, eventually I also get a feeling that some countries may enable their own form of their local currencies into their own crypto.

I think this has already started happening, for example in Iceland they have auroracoin http://auroracoin.org/

But if amazon decided to make their own coin it wont so successful(marketing it would be too expensive for them) they would be better off using bitcoin.

You do realize that was a spectacular failure?

[ShakyhandsBTCer]

Maybe they'd rather developmen their own digital coin.

There is no doubt in my mind that this won't happen. Amazon loves to try and do everything, but it all sucks

I wouldn't be so surprised if they did.   Then again, eventually I also get a feeling that some countries may enable their own form of their local currencies into their own crypto.

I think this has already started happening, for example in Iceland they have auroracoin http://auroracoin.org/

But if amazon decided to make their own coin it wont so successful(marketing it would be too expensive for them) they would be better off using bitcoin.

You do realize that was a spectacular failure?

They would have no reason to make an Amazon coin, that would be of no use to them as they would need it to have a central authority and that is contra to what the crypto currencies are about. Amazon does have a currency of it's own....it is called Amazon Gift Cards

[CEG5952]

Amazon already has something called "Amazon Coins" in addition to gift cards. Basically they are like "credits" for Kindle Fire apps and games, etc. and by buying them, you can get those products at a discount. I haven't looked into it too much. Nothing to do with crypto, though.

[Jubettarr]

In the meantime, use Gyft to purchase at Amazon. If sales numbers are high enough, Amazon might take notice and decide to accept bitcoins directly, just to cut out the middlemen.

Or, if you want to just pay the item cost and not have to round up to the nearest $10, use snapCard.

[Riniaiokl]

In the meantime, use Gyft to purchase at Amazon. If sales numbers are high enough, Amazon might take notice and decide to accept bitcoins directly, just to cut out the middlemen.

Or, if you want to just pay the item cost and not have to round up to the nearest $10, use snapCard.

Snapcard has a 2% surcharge. Gyft actually pays me 3% back on every purchase. There's nothing better out there.

[Riniaiokl]

In the meantime, use Gyft to purchase at Amazon. If sales numbers are high enough, Amazon might take notice and decide to accept bitcoins directly, just to cut out the middlemen.

Or, if you want to just pay the item cost and not have to round up to the nearest $10, use snapCard.

Snapcard has a 2% surcharge. Gyft actually pays me 3% back on every purchase. There's nothing better out there.

Depends what you're getting, and where. I'm happy to use Gyft when my purchase comes out pretty close to an integer number of giftcards and if I'm buying from a retailer they have on offer.

But if I'm just buying a cheapo item from Amazon, or if I'm wanting to buy from a site outside Gyft's umbrella, or if I just want to buy from a website without creating a new account on that site, I use snapCard.

[tspacepilot]

Check out this Twitter...  "@amazon just sent me an email saying they will accept Bitcoin "

https://twitter.com/rogerkver/status/464778590161485825

It does say you can rest assured it will be taken care of.  I guess BTC at Amazon is in the works

[tspacepilot]

Amazon already has something called "Amazon Coins" in addition to gift cards. Basically they are like "credits" for Kindle Fire apps and games, etc. and by buying them, you can get those products at a discount. I haven't looked into it too much. Nothing to do with crypto, though.

Right, I think these Amazon Coins, with the name __ Coin, is what leads to people getting confused and thinking that Amazon is interested in making their own competitor to BTC.  However, as you rightly point out, this doesn't have anything to do with crypto, it's just like frequent flyer miles on an airline or something.

[Riniaiokl]

In the meantime, use Gyft to purchase at Amazon. If sales numbers are high enough, Amazon might take notice and decide to accept bitcoins directly, just to cut out the middlemen.

Or, if you want to just pay the item cost and not have to round up to the nearest $10, use snapCard.

Snapcard has a 2% surcharge. Gyft actually pays me 3% back on every purchase. There's nothing better out there.

Gyft is great for specific stores, if you don't mind having to buy in the exact increments of those stores' smallest giftcard values. Frequently, I don't mind that. Sometimes I do. More often, I want to shop somewhere not currently available through Gyft.

[Habeler876]

In the meantime, use Gyft to purchase at Amazon. If sales numbers are high enough, Amazon might take notice and decide to accept bitcoins directly, just to cut out the middlemen.

Or, if you want to just pay the item cost and not have to round up to the nearest $10, use snapCard.

Snapcard has a 2% surcharge. Gyft actually pays me 3% back on every purchase. There's nothing better out there.

Gyft is great for specific stores, if you don't mind having to buy in the exact increments of those stores' smallest giftcard values. Frequently, I don't mind that. Sometimes I do. More often, I want to shop somewhere not currently available through Gyft.

I hope they expand their store availability. I would definitely use them more if I could buy gift cards at more grocery/super markets and restaurants, but where I am located, there is not so much available to me. Being able to buy Amazon gift cards is great, though.

[Harley997]

In the meantime, use Gyft to purchase at Amazon. If sales numbers are high enough, Amazon might take notice and decide to accept bitcoins directly, just to cut out the middlemen.

Or, if you want to just pay the item cost and not have to round up to the nearest $10, use snapCard.

Snapcard has a 2% surcharge. Gyft actually pays me 3% back on every purchase. There's nothing better out there.

Gyft is great for specific stores, if you don't mind having to buy in the exact increments of those stores' smallest giftcard values. Frequently, I don't mind that. Sometimes I do. More often, I want to shop somewhere not currently available through Gyft.

if you are a repeat buyer of the store you are buying gift cards from then this should not be an issue

[cryptocait]

i will definitely ask for payment in BTC

[FlowerMatt]

No no no no - too big, too soon. When we have over 100 active and trusted exchanges, maybe. When Bitcoin's average transaction volume tops 1Billion USD daily, maybe. When the blocksize limit allows for more than 7 transactions a second, then we can consider petitioning. Until then, we're still just tiny fish - and we don't swim in the tank with the whales.

[tigeRshoes]

No no no no - too big, too soon. When we have over 100 active and trusted exchanges, maybe. When Bitcoin's average transaction volume tops 1Billion USD daily, maybe. When the blocksize limit allows for more than 7 transactions a second, then we can consider petitioning. Until then, we're still just tiny fish - and we don't swim in the tank with the whales.

The BTC/USD market would need to have more liquidity to absorb the amounts Amazons would generate. Although, if it were to adopt it then lots of people would be buying BTC and more speculators lubricating the market I guess.

[JypsiCreme]

No no no no - too big, too soon.

You're not thinking clearly. I'm very bearish about the future of bitcoin, but this would be a really good thing for bitcoin. Amazon isn't just a giant online marketplace, it also has huge cloud resources and enough IT horsepower to render needing dozens of other exchanges pretty moot.

[StatusSeeking]

No no no no - too big, too soon.

You're not thinking clearly. I'm very bearish about the future of bitcoin, but this would be a really good thing for bitcoin. Amazon isn't just a giant online marketplace, it also has huge cloud resources and enough IT horsepower to render needing dozens of other exchanges pretty moot.

What exactly would Amazon do with the Bitcoins? They can't pay their employees or maintain their servers with it. Amazon would be the only major store taking Bitcoins. They would become bloated and Bitcoin would be worthless. Rick is right, it is too big and too soon. Economies need to cycle money and Amazon wouldn't have anywhere to put the Bitcoins after they have been paid.

[PalmerLaura]

What exactly would Amazon do with the Bitcoins? They can't pay their employees or maintain their servers with it. Amazon would be the only major store taking Bitcoins. They would become bloated and Bitcoin would be worthless. Rick is right, it is too big and too soon. Economies need to cycle money and Amazon wouldn't have anywhere to put the Bitcoins after they have been paid.

They would need to use something like bitpay, but since this is amazon we are talking about, it would probably make more sense for them to roll out such a service themselves. They might even make an exchange of sorts meant only for amazon <->bitcoin users to get around relying on MTgox's recent horror shows. This would be a very expensive investment in a currency that so far has been very unstable.