Amazon is looking to accept Bitcoin payments by the end of the year - page 3.

Slow death

legendary

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Quote from: DarkDays on July 28, 2021, 09:59:08 AM

Yeah, that's been shot down already.

well:

it seems that there are still many people who do not know that this news is false, the price keeps going up a lot, I wonder what it will be like in days when all people realize that this news is false I was very surprised that a false news has managed to do the price increase at this level in just hours

Quote from: Vishnu.Reang on July 28, 2021, 10:40:58 AM

The reply from Amazon was very vague. They denied the rumors, but at the same time they reiterated that they have an interest in cryptocurrency.

if they admitted then they would be part of market manipulation and also he should be looking at the legal issues before making a formal announcement

Vishnu.Reang

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Quote from: DarkDays on July 28, 2021, 09:59:08 AM

Yeah, that's been shot down already. This is just rumours and none is true. Though at least for now, there might be a not too distant future where BTC payment will be accepted by Amazon but considering this rumour perhaps it will be wise to wait for the official announcement.

The reply from Amazon was very vague. They denied the rumors, but at the same time they reiterated that they have an interest in cryptocurrency. The rumor first appeared in CityAM, which is a very unreliable source. So it was surprising to see many of the cryptocurrency users taking it seriously. But the plus point is that the denial from Amazon team was not very strong. And that is the reason why the prices recovered to ~40K levels shortly after the announcement/clarification from Amazon.

DarkDays

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Quote from: beertoll on July 25, 2021, 12:52:27 PM

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/

Yeah, that's been shot down already. This is just rumours and none is true. Though at least for now, there might be a not too distant future where BTC payment will be accepted by Amazon but considering this rumour perhaps it will be wise to wait for the official announcement.

leea-1334

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Quote from: TopTort777 on July 27, 2021, 06:47:23 AM

Even though this Amazon rumour turned to be fake (no wonder lol), there is a good thing about it - it has acted as a trampoline and bitcoin jumper over 33-35k levels, as well as pulled all other crypto.
Strange to admit, that people believe, that such giant as Amazon would integrate a new payment option in just 4 months till the end of the year. For me, that looks impossible.

Haha ya,,, but I honestly thought it was true, just not what people were thinking it meant (as in yes they were thinking of taking Bitcoin but no this did not mean millions of new users at all).

Are you sure we should be giving them credit for trampolining the market though? I think this is actually just a natural moment for the bulls to consolidate the actions of the past months.

Henrobakkara

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Quote from: tiCeR on July 28, 2021, 06:33:12 AM

Quote from: nicecrypto on July 28, 2021, 04:11:00 AM

Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The Amazon news was confirmed to be a rumor so far. The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

Everyone always talks about a buying opportunity once the price drops but most never actually buy but talking about how that price will continue to fall. However, it is not certain that the price of Bitcoin will fall back down to $30k because Amazon confirmed that the rumor was not right but we can see that the Bitcoin price is still holding around $40k current trading @ $39k+ as am writing this. Let's see how everything goes in the next few months.

Obviously some people do buy the dips or otherwise we wouldn't see those strong resistance levels hold. If Bitcoin drops 20% I think that is when real opportunities arise. 10% up or down is neither a threat nor a great opportunity, but if it loses 20% that's where you can slowly expect a bounce back in price. Even though Amazon now denied the rumors Bitcoin is still holding strong. That is a very positive sign!

No question, I too believe that some investors buy the dip even though @nicerypto was right about people always talking about price dips and end up missing because they were still hoping on some more downtrend.
True that Bitcoin is still Hodling good in the upper $30+ks despite the Amazon rejection of them accepting Bitcoin by EOY which shows that, Bitcoin seems to be doing good and I have seen some charts from some Analyst indicating that Bitcoin seems to be recovering when compare to past weeks/months price chart.

tiCeR

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Quote from: nicecrypto on July 28, 2021, 04:11:00 AM

Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The Amazon news was confirmed to be a rumor so far. The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

Everyone always talks about a buying opportunity once the price drops but most never actually buy but talking about how that price will continue to fall. However, it is not certain that the price of Bitcoin will fall back down to $30k because Amazon confirmed that the rumor was not right but we can see that the Bitcoin price is still holding around $40k current trading @ $39k+ as am writing this. Let's see how everything goes in the next few months.

Obviously some people do buy the dips or otherwise we wouldn't see those strong resistance levels hold. If Bitcoin drops 20% I think that is when real opportunities arise. 10% up or down is neither a threat nor a great opportunity, but if it loses 20% that's where you can slowly expect a bounce back in price. Even though Amazon now denied the rumors Bitcoin is still holding strong. That is a very positive sign!

nicecrypto

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Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The Amazon news was confirmed to be a rumor so far. The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

Everyone always talks about a buying opportunity once the price drops but most never actually buy but talking about how that price will continue to fall. However, it is not certain that the price of Bitcoin will fall back down to $30k because Amazon confirmed that the rumor was not right but we can see that the Bitcoin price is still holding around $40k current trading @ $39k+ as am writing this. Let's see how everything goes in the next few months.

ChaoChibai

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It will be such a good news if it really happen. I think it is a good sign if a huge name like Amazon accept Bitcoin as a payment by the end of the year. I think people will be more common with bitcoin and also bitcoin will be more famous and I hope it will give a good impact to the price.

verita1

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Quote

We believe the future will be built on new technologies that enable modern, fast and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible. "

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=84980ae6842a

Amazon has to speed up the process of adding payments in cryptocurrencies because there are others who are ahead.

I have seen a tweet from "Shopping" that is a platform for crypto ecommerce. I have not checked it yet but the platform allows you to buy items on Amazon, Walmart and Ebay with 100 different cryptocurrencies.
Shopping has mentioned other benefits such as buying through Binance Pay and discounts to all holders of its $SPI token.

Quote

🛍𝙎𝙝𝙤𝙥𝙥𝙞𝙣𝙜.𝙞𝙤 𝗫 𝘽𝙞𝙣𝙖𝙣𝙘𝙚 𝙋𝙖𝙮💼
Starting today, all members on https://t.co/evdeNN2J2x will be able to checkout using @binance PAY on their favorite e-commerce platforms
https://t.co/pNVJsbxncb
𝗟𝗲𝘁'𝘀 𝗴𝗼 𝘀𝗵𝗼𝗽𝗽𝗶𝗻𝗴.𝗶𝗼 🚀
#SPI #Binance @cz_binance

https://twitter.com/shopping_io/status/1417181660563447809?s=19

I also found that Amazon has a job position like:
Digital Currency and Blockchain Product Lead

Quote

The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap. You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities. You will work closely with teams across Amazon including AWS to develop the roadmap including the customer experience, technical strategy and capabilities as well as the launch strategy.

https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead

arwin100

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Quote from: kawetsriyanto on July 27, 2021, 06:51:53 PM

Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The Amazon news was confirmed to be a rumor so far.

Are you sure?
Even if it is still a rumor, but it can be true someday. I am confident that Amazon to accept Bitcoin after considering many parties are already involved in Bitcoin. Also, we can see that some big companies already take a part in having Bitcoin. This can be a good reason to allow Bitcoin for payment purposes.

Yes they didn't confirm it and see this article https://www.google.com/amp/s/www.bbc.com/news/technology-57971451.amp but maybe your right in future we can see bitcoin accepted as payment option to them but for now since the news is not confirm maybe we should not take the hype to much as manipulators really want tl see the news spread as they can get a benefit on it if bitcoin price soar high the same as what happen these days.

tiCeR

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Quote from: kawetsriyanto on July 27, 2021, 06:51:53 PM

Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The Amazon news was confirmed to be a rumor so far.

Are you sure?
Even if it is still a rumor, but it can be true someday. I am confident that Amazon to accept Bitcoin after considering many parties are already involved in Bitcoin. Also, we can see that some big companies already take a part in having Bitcoin. This can be a good reason to allow Bitcoin for payment purposes.

Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

No guarantee of this. Sure, there should be a decline after a pump yesterday and today. But we don't know how far the Bitcoin price will drop. However, I am optimistic that the price of Bitcoin will survive above $30k in the near future.

Yes it seems it has been confirmed to be a wrong rumor. I also think that only because Amazon doesn't accept Bitcoin today or this year doesn't mean that it is totally off their agenda. They certainly have plans to get involved at some point. Look, Bezos is one one of those guys who is shooting rockets into space. I would be surprised if he were to totally ignore an innovation of Bitcoin's level.

kawetsriyanto

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Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The Amazon news was confirmed to be a rumor so far.

Are you sure?
Even if it is still a rumor, but it can be true someday. I am confident that Amazon to accept Bitcoin after considering many parties are already involved in Bitcoin. Also, we can see that some big companies already take a part in having Bitcoin. This can be a good reason to allow Bitcoin for payment purposes.

Quote from: BuyingBitcoin on July 27, 2021, 05:47:16 PM

The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

No guarantee of this. Sure, there should be a decline after a pump yesterday and today. But we don't know how far the Bitcoin price will drop. However, I am optimistic that the price of Bitcoin will survive above $30k in the near future.

skybot13x

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Quote from: beertoll on July 25, 2021, 12:52:27 PM

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/

Just see the last post in my post history, this turned out to be fake news. Now the magic that this rumor caused to the market has been fully disenchanted. Luckily though whatever effect it caused on the market, that effect seems to hold more or less for now. Still around healthy $40k, which is a positive outcome of all of this! Cheesy

BuyingBitcoin

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The Amazon news was confirmed to be a rumor so far. The prices of Bitcoin should fall back down in 2 weeks time. Then buying opportunity around $30k Bitcoin.

Yatsan

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This would be a great one if the news would really be true that Amazon will be open for accepting Bitcoin as a payment option on their platform. But it seems that the news article is kinda not true and reliable to be stated which is a sad thing but, if this will be implemented to be a true one, then it should be a great thing to make happen that another big name will be opening its vicinity towards Bitcoin acceptance.

Kasabus

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Quote from: Vishnu.Reang on July 27, 2021, 11:49:35 AM

Quote from: Cling18 on July 27, 2021, 11:42:16 AM

Lots of people have been waiting for this event to happen because it will surely have a positive impact on Bitcoin. Events and adoptions like this are important in the growth and development of Bitcoin as a currency. I just hope that the Amazon would really make it possible by the end of the year because it has been announced months ago.

Check the previous posts. Amazon has issued clarification, saying that the news is fake. They stated that they have an interest in cryptocurrency, but most of the article is far from the truth. And that is the reason why the exchange rates fell by more than 10% in the last 24 hours. But personally, I am not that disappointed. The cryptocurrency journey is full of ups and downs and we don't need to bother about temporary setbacks. If PayPal has accepted Bitcoin, then it is just a matter of time before others such as Amazon and Microsoft does the same.

Maybe it might take some time before amazon accept bitcoin as a payment. But for now, let's not get disappointed with this fake news because things like these become normal in crypto and this is the reason why we don't have to believe easily particularly when the news are not reliable though.

Once the government will start supporting bitcoin in the near future, i know good things will follow easily. So don't rush things to happen. For now, let's enjoy what we have with the current market. Things might be good for the incoming bull run and everyone is hoping to make huge profits when that time finally comes.

bitmover

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Quote from: NotATether on July 27, 2021, 06:51:27 AM

Quote from: bitmover on July 25, 2021, 04:31:02 PM

I think that accepting bitcoin as a payment method could have a huge benefit for a big company. No big company really does it besides PayPal, and it may even increase their client base to do so.

Amazon, Google, Apple and co can't do this without controversy about liquidation because these are not financial services, they sell products instead which severely get affected by price flux.

those companies that sell products may just instantly exchange their BTC for USD if the volatility is a problem for them. Bitcoin has more than enough volume in any big exchange to do so. A partnership with a big exchange would solve that "problem"

sunsilk

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Quote from: Coin-1 on July 26, 2021, 06:56:10 PM

Quote from: sunsilk on July 26, 2021, 05:31:47 PM

News: Amazon Allegedly Denies Bitcoin Acceptance Rumors

Apparently, the news that Amazon will accept Bitcoin payments "by the end of the year" turned out to be fake. I just looked at the Cityam where this rumor was posted. The website does not look trustworthy. It even uses a free SSL certificate that will expire in two weeks.

In any case, as they say, there is no smoke without a fire. Perhaps Amazon is preparing to enter the cryptocurrency market in 2022, but representatives do not want to publish reports of their intentions too early.

Let's just lean on that possibility despite the denial that they've made about cityam's article. The article have overwhelmed the market but we're having the same feeling that Amazon is going to be here soon.

It's only a matter of time until they're the ones that will announce it publicly that they're already accepting bitcoin payments. But for now, there's not that much expectation anymore about this clarification.

maisao1991

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Currently there are many different news, currently there is no one answer that is the same, there is news that they do not accept BTC for payment and vice versa I am very confused now that what is the correct answer? real.

Vishnu.Reang

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Quote from: Cling18 on July 27, 2021, 11:42:16 AM

Lots of people have been waiting for this event to happen because it will surely have a positive impact on Bitcoin. Events and adoptions like this are important in the growth and development of Bitcoin as a currency. I just hope that the Amazon would really make it possible by the end of the year because it has been announced months ago.

Check the previous posts. Amazon has issued clarification, saying that the news is fake. They stated that they have an interest in cryptocurrency, but most of the article is far from the truth. And that is the reason why the exchange rates fell by more than 10% in the last 24 hours. But personally, I am not that disappointed. The cryptocurrency journey is full of ups and downs and we don't need to bother about temporary setbacks. If PayPal has accepted Bitcoin, then it is just a matter of time before others such as Amazon and Microsoft does the same.

Topic: Amazon is looking to accept Bitcoin payments by the end of the year - page 3. (Read 1087 times)