This could be the next thing what can happen and if it happens it will be a big thing in the bitcoin world and market will rally big time. Since if amazon decides to accept the btc as a payment or even as an investment purpose invest in it will just boost the sentiments among people and many will start buying it resulting in greater demand.
Topic: Amazon Bitcoin Poll - page 2. (Read 430 times)
I mean with how things are going it is really hard to say for sure if they will do it or not, but if more and more big companies start putting it on the table and if the news about apple also investing it and tesla reusing it, we might see a snowball effect and the bitcoin will start getting implemented into the market and we will see it grow in a big way which will lead to the price going up, so maybe we will see them holding it
currently amazon is a very large store if amazon accepts BTC as a payment method i think i will list it in the payment method selection, but i still wonder if the payment is quite small compared to With BTC, the transaction costs equivalent to that item, what will they do?
If yes, expand a bit. Do you think they're going to convert some cash into BTC, or will they just accumulate by accepting btc as payment?
If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
Personally, I don't think bitcoin will be accepted as payment by Amazon quite yet.
Though there's a rumor through out the world about Amazon accepting bitcoin payments by the end of the year I think it's just some crypto believe trying to spice things up.
We shouldn't believe this news unless Amazon officially announces it on the social media platforms.
It's not that I don't want bitcoin to be accepted by Amazon since I would be more than happy but it's just that we can't make our judgements based on any rumor.
Not yet since PayPal hasn't given any public positive feedback regarding their crypto implementation. Companies like Amazon are waiting for that result before they make any move. Looks like there will be a possibility but next year will probably not be the right time for Amazon because it's not that easy for them to implement that kind of service. For a huge company like that, it requires time before they finalize whatever decision they made on their meetings.
If yes, expand a bit. Do you think they're going to convert some cash into BTC, or will they just accumulate by accepting btc as payment?
It's a yes!Buying crypto I don't think Amazon would go that route of investment but accepting bitcoin payments this should be part of their plans to grow their business environment as crypto is a fast growing economy which would help it grow in the long term and give it a leap over other e-commerce businesses in terms of profits and customers.
If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
Their competitors are adopting cryptocurrencies, and it will be unwise not to integrate this technology into its e-commerce platform as it would mean loss of business in the future, to avoid this crypto payments should be introduced. 
If yes, expand a bit. Do you think they're going to convert some cash into BTC, or will they just accumulate by accepting btc as payment?
If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
Interesting to see that this as a thread already, and even more so to see the results with more people expecting Amazon to accept crypto payments...If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
Personally, I think it will take some time for Amazon to get the infrastructure required to accept BTC as payment directly (on top of gift cards), and seeing how governments moved their regulatory power onto exchanges, Amazon could potentially have issues with legislations too. Which is why I do not see this as a feasible outcome in the next 2-3 years.
If yes, expand a bit. Do you think they're going to convert some cash into BTC, or will they just accumulate by accepting btc as payment?
If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
If they are exploring Blockchain technology and hiring expert for that purpose even if they are not planning to accept BTC at the moment but it's one step forward for acceptance and for sure they will be adding it as payment option if not as an investment on asset side of their balance sheet which is also a positive point for adoption.The million of users who order from this biggest e-commerce website will also use btc payment option.But I am not sure they will take this decision by Jan 2022 or not but they will do it which matters the most. If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
Perhaps such news can stimulate growth in the short term, but we will wait for this to happen.
A lot of rumors about Amazon in the past, Although recently they continue to deny supporting bitcoin and claim not to hold a stake in it. But for a long time, Amazon has been really interested in bitcoin and crypto market, they were planning to create a new coin but so far, everything is unconfirmed. So those are huge signals to believe that they will be entering the market with bitcoin soon. If it is indeed happening, the market now looks to be cheering but I think it is not serious to set up a short rally.
Very good question.
They will 100% sell their coins because their deals are in cash and they need to pay the vendors the exact values for their sold items, so I don't see it as an adoption but rather being used as an alternative to cash only. Your question rose more questions in my mind, and I am going to throw them here in a few moments.
And by the way, there must be a third option in the poll - 'May be'.
They will 100% sell their coins because their deals are in cash and they need to pay the vendors the exact values for their sold items, so I don't see it as an adoption but rather being used as an alternative to cash only. Your question rose more questions in my mind, and I am going to throw them here in a few moments.
And by the way, there must be a third option in the poll - 'May be'.
Of course, yes. It is unlikely that they would have refused the additional profit.
No. Because growth companies such as Amazon need their cash ready to be used for more growth. Not saying it's impossible though, who knows what the economy would be like then. Just unlikely in my opinion.
Amazon is running out of sectors to expand its business. Recently they have been making some overpriced purchases, which makes zero economic sense. One example is the acquisition of MGM (Metro Goldwyn Mayer) studios, for $8.45 billion. It made most of the MGM movies (4,500) and TV shows (17,000) available on Amazon Prime Video. But given the fact that most of the blockbuster movies can't be immediately added (due to existing agreements), the deal looked overpriced. On top of that, there are concerns regarding anti-trust actions.
There have been reports of this, and they completely denied it, but actually I find this to be the remarkable thing.
Perhaps such news can stimulate growth in the short term, but we will wait for this to happen.
Perhaps such news can stimulate growth in the short term, but we will wait for this to happen.
If no, why not? Tesla, SpaceX, Twitter, Square, Paypal, Visa, etc are all adopting, does the largest ecommerce platform not have anything to gain here? I think they're more likely to have BTC than go out of their way to build their own crypto like facebook.
I do not think accepting Bitcoin as a means of payment is the same as adoption. Adoption usually means actual use of the Bitcoin network, which I am very sure not all of these names you mentioned are doing. Maybe Twitter wants to do it some day because it wants to do Bitcoin defi. But if you use Paypal now you do not even have to have a Bitcoin wallet.
You're wrong there. All the big companies that accept Bitpay, which is probably the most used payment processor for Bitcoin (at least this is from what I can see) do so because they want to accept Bitcoin-paying customers, but they actually do not want to accept another currency other than USD or whatever fiat it is they receive.
Every big institutions today already have Bitcoin on their balancesheet. They too should have.
It will still be good to accept BTC for Amazon even if they know only a few people are going to spend BTC on ecommerce sites especially that Amazon is going to ask KYC too.
What better time than now because the more people learn about them accepting Bitcoin, people who have cryptocurrencies on their wallets are potentially their customers.
It will still be good to accept BTC for Amazon even if they know only a few people are going to spend BTC on ecommerce sites especially that Amazon is going to ask KYC too.
What better time than now because the more people learn about them accepting Bitcoin, people who have cryptocurrencies on their wallets are potentially their customers.
Most of the influential companies don't really accept payment to something that will undergoes another process before conversion to cash, but now it seems that it's obvious that Amazon is currently accepting BTC for payment, and if these really stand effectively it will brings another shape to cryptocurrency industries, so from my views companies that purchase BTC and store for accumulation, but that shouldn't mean that they do not convert when they are in need of cash.
You're wrong there. All the big companies that accept Bitpay, which is probably the most used payment processor for Bitcoin (at least this is from what I can see) do so because they want to accept Bitcoin-paying customers, but they actually do not want to accept another currency other than USD or whatever fiat it is they receive.
None of the Bitpay merchants have a Bitcoin wallet:)
Most of the influential companies don't really accept payment to something that will undergoes another process before conversion to cash, but now it seems that it's obvious that Amazon is currently accepting BTC for payment, and if these really stand effectively it will brings another shape to cryptocurrency industries, so from my views companies that purchase BTC and store for accumulation, but that shouldn't mean that they do not convert when they are in need of cash.
I voted No mainly because of the date. I also think they will accept BTC payments eventually but it's still too soon. They are probably just waiting for more of their major clients/customers to adopt it before they start opening such service.
With regards to converting their cash to BTC, maybe they will liquidate some of their investment in other markets and transfer to BTC.
With regards to converting their cash to BTC, maybe they will liquidate some of their investment in other markets and transfer to BTC.
But this news is sure to have a huge positive impact on Bitcoin and may help pull the market out of the red.
At the same time, it has a counterproductive effect. Amazon came out to clarify that it would not accept bitcoin as payment, and bitcoin fell accordingly.That's right. I read amazon accepting bitcoin yesterday. And today Amazon has released a statement bluntly denying multiple sources' reports that amazon is planning to accept Bitcoin payments this year. After Amazon's denial was announced, bitcoin price tends to reverse and decrease.
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