Amazon to accept bitcoin payments directly... the real breakthrough!? - page 2.

ethereumhunter

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Quote from: 2pointo on February 22, 2020, 07:57:42 AM

I found a company which developed a browser extension to support payments on amazon with bitcoins

I prefer to wait for amazon's announcement that telling to the public that they will accept crypto as the payment because I am afraid that if we use a browser extension, it could attract hackers to find the hole. That can make us get trouble because they can see and steal the coins from that hole. I prefer to use another wallet that can give a chance to pay directly through the amazon website than to use the browser extension. It looks safe, but we don't know if they can always secure the file from the hacker.

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Quote from: imstillthebest on February 28, 2020, 01:30:46 AM

first of all your forum account was a newbie so why call your self isnt ? this idea also happened long time ago but you knew that before , the only problem is that you didnt posted it before so its still acceptable for me but still thanks because this gives others an idea to try and use those service .
like i said earlier the idea was not new and i think when people started using it , btc and crypto community already excel a little and hopefully now when more new users see this .

I see there is progress for ecommerce like amazon can support payments using bitcoin and that means they have seen how easy it is to make payments using bitcoin so from this way amazon can increase transactions for payments using bitcoin and this method is great for customers who have difficulty make a payment.

well done for amazon, good job because it can start the initial steps that can provide a good influence for other ecommerce.

dentolas

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Well, those would be very positive news, but I do not see it as a breakthrough...
On one hand it would definitely raise awareness among Amazon customers and would be an incentive for some crypto holders to start circulating their BTC instead of just holding (if no one spends their BTC adoption will be difficult)
But on the other hand volatility is too high... and that one is a killer for something like Amazon

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Quote from: ufaiz50 on February 27, 2020, 11:00:29 PM

I was surprised to see the title and even more surprised after reading your first post "just a dream" . I'm sure it will be a major breakthrough if the payment can be made directly. While there are already many services that offer gates for payment using Bitcoin at Amazon Shop, I think this is common, even though we also make a third person through Paypal.

Quote from: 2pointo on February 22, 2020, 07:57:42 AM

....
I've seen the trade volume on a well known p2p exchange using Amazon gift cards.

are you sure with this?? can i get that source, i want to see if the price is good.

Of course, he will not be able to provide you with any source, I believe you are aware of that. Amazon to accept bitcoin payments, or any other crypto payments is an old story. People talked about this before I joined, and people will speculate about future of this for a long time, because I think we will not see Amazon accepting any crypto any time soon. I never traded with amazon gift cards, and I doubt that trading volume for that gift cards have any connections with crypto itself.

imstillthebest

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first of all your forum account was a newbie so why call your self isnt ? this idea also happened long time ago but you knew that before , the only problem is that you didnt posted it before so its still acceptable for me but still thanks because this gives others an idea to try and use those service .
like i said earlier the idea was not new and i think when people started using it , btc and crypto community already excel a little and hopefully now when more new users see this .

ufaiz50

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I was surprised to see the title and even more surprised after reading your first post "just a dream" . I'm sure it will be a major breakthrough if the payment can be made directly. While there are already many services that offer gates for payment using Bitcoin at Amazon Shop, I think this is common, even though we also make a third person through Paypal.

Quote from: 2pointo on February 22, 2020, 07:57:42 AM

....
I've seen the trade volume on a well known p2p exchange using Amazon gift cards.

are you sure with this?? can i get that source, i want to see if the price is good.

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Quote from: Baoo on February 25, 2020, 12:04:26 PM

When Amazon will accept Bitcoin in payments?
After the launching of Libra currency ( Facebook's coin ) I would guess, they are waiting for that event in order to happen, if Facebook will success then there is a great possiblity that Amazon is going to launch its own coin too, and at that moment, Amazon will put it as a payment method and of course same thing for Bitcoin and maybe other cryptocurrencies like, Ethereum and Bitcoin cash. Let's see what is going to happen.

Even if facebook's libra will be involved in this project (which is not necessarily will happen) its still a great leap forward for crypto adoption.
We are going to see great interest from social media anyway and it will lead to fresh money flow into the market

Ucy

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It probably depends on Amazon, and how decentralized the browser extension is. Using a decentralized tool on a decentralized online store would work long-term in my opinion, but am not sure about mixing decentralized tool with centralized online store & vise versa. It will probably work short-term. It could however work long-term if the tool and the online store are both centralized... because it becomes easier to partner with Amazon after following some rules.
I think value from fully decentralized transactions is a better and safer value for Bitcoin network. Besides, owners of centralized companies could one day pressure Bitcoin network to play by their rules or they withdraw their huge value. The Bitcoin principles/rules should be supreme, and must be upheld by all stakeholders all the time.

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IIRC, around 2016 or 2017 there were people that were actually telling this that soon Amazon will accept bitcoins directly. However, it didn't happen but somehow became true but with help of third party providers.
It will make the mass adoption quicker and it's Amazon so whichever cryptocurrency they'll start accepting directly, will hit big. But we don't have to wait for that moment, they're already good with 3rd party that helps bitcoin users to pay them w/ it.

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Quote from: 2pointo on February 22, 2020, 07:57:42 AM

Hi All,

I'm new here but I'm not new here if you know what I mean. Everything has come along way from how I remember it six to seven years ago when I first found discovered it. This is my first post so just walk with me on this one. A couple of days ago I had a dream that you could pay for everything on Amazon with bitcoin. Crazy I know... but then I thought wait that isn't that crazy.

So I started doing some research. I found a company which developed a browser extension to support payments on amazon with bitcoins (Not sure if its against the rules to post the company so I wont)... I'm sure there is a demand for it as I've seen the trade volume on a well known p2p exchange using Amazon gift cards. I say all of that to say this, what do you think that would do to the value?

Surely this would be the moment which would solidify mass adoption of the currency?

Just a few crazy thoughts going through my mind... whats your opinion Huh

This is actually my first time hearing about such a method for payment in Amazon. To think that this is a huge company, it is indeed a wide shock. I've done my research. Bitrefill claims that you can actually purchase gift cards for entertainment, gaming, and travel or mobile refills quickly, safely, and privately using Bitcoin and other cryptocurrencies. It has a 4.5 rating and has actual positive feedbacks from users on posted on twitter. I also checked if the post is legit, and it is. This is a breakthrough because if known widely, online transactions in the same field or platform can accept the use of Bitcoins as payment. But I still think that these posts could easily be tampered or just made for promotion. Fake news must be stopped to reduce the doubt among people and even Bitcoin users. if it is indeed true, this must be tried, examined, and observed carefully.

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Quote from: tvplus006 on February 22, 2020, 09:12:09 AM

...

I don't trust Paywithmoon, there are a few shady things behind it.

It collects your data without asking the users their permission by manipulating the DOM browser and you can not opt out. When you install the browser extension it knows what pages are open in your browser and much more.
When you initiate the payment using your Coinbase account, it extracts the API keys (without you notice it) and the keys are stored on a server they control in plain text, it's not encrypted.

Quote from: Baoo on February 25, 2020, 12:04:26 PM

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Amazon doesn't care about cryptocurrencies and it prefers to focus on Amazon Pay

Quote from: julius caesar on February 23, 2020, 02:05:11 AM

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Microsoft, Overstock, etc accepted Bitcoin on their store. Did you see a "major" boost on the price?. I don't remember something noticeable People won't go to purchase Bitcoin (paying a fee) to be able to pay their items on Amazon (and paying a fee again). Why not just pay with regular methods (GC, card, bank transfer).
As someone mentioned, if there is a decent discount then it may be another story

Baoo

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When Amazon will accept Bitcoin in payments?
After the launching of Libra currency ( Facebook's coin ) I would guess, they are waiting for that event in order to happen, if Facebook will success then there is a great possiblity that Amazon is going to launch its own coin too, and at that moment, Amazon will put it as a payment method and of course same thing for Bitcoin and maybe other cryptocurrencies like, Ethereum and Bitcoin cash. Let's see what is going to happen.

Stedsm

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It won't make much difference except one major possibility that in the look after of the happenings in one of the biggest platforms for online shopping and almost anything, other big competitive platforms will also start accepting Bitcoins which will surely give a boost to the learnings of people who haven't even heard of BTC (yes, there are still many places where they don't know about BTC or anything about crypto) and it may also help boost the value of BTC because they will definitely want to be a part of those fresh geeks who find themselves learning and spending something new, something that is not certain at its value and can be worth more or less today or tomorrow.

meanwords

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Not bad, considering that amazon is one of the leading platform out there but I don't think it will impact Bitcoin too much. I don't see a lot of people using Bitcoin as payment except those who really own Bitcoin. Though it will help with Bitcoin adoption, I rarely see people use Bitcoin for online shopping. Can't imagine people buying Bitcoin just to shop in amazon.

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Quote from: exstasie on February 22, 2020, 06:51:04 PM

Quote from: gentlemand on February 22, 2020, 01:49:40 PM

No one buys something to buy something.

What's needed are employers to give the option of people being paid in Bitcoin. That would drive things much harder.

Exactly. We're still at an intermediate stage in adoption where most consumers and merchants don't have strong incentives to adopt BTC.

People tend to focus too much on this aspect. In my opinion, Bitcoin needs to become ubiquitously used as money first. When consumers are getting paid their salaries in BTC and merchants can pay their suppliers in BTC, both groups will get fully on board.

The immediate you expect will come soon as ever when there is high anticipation for the bull market, toward the end of the year online market store will open transaction with bitcoin and some other altcoins , then most of the market will prefer payment in bitcoin if customer demands and store for the asset, there usual is to close the market after bull market like we had. Bitcoin enthusiast will still stick with fiat than bitcoin for the asset value.

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This article might be interesting for you. https://www.investopedia.com/articles/company-insights/090216/when-will-amazon-accept-bitcoin-amzn.asp

tl;dr
You could still purchase Amazon gift cards with Bitcoin and use it. So it's pretty much buying with Bitcoin. Since there are companies that were already doing this, I don't think reinventing the wheel would be a breakthrough.

Quote from: 2pointo on February 22, 2020, 07:57:42 AM

Surely this would be the moment which would solidify mass adoption of the currency?

Let's put the browser extension aside, Amazon accepting Bitcoin would be good for the ecosystem. But, IMO we need more than that. We need everyone, and every major retailer to accept Bitcoin.

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I'm not sure about the security of this method of payment at the moment. I agree that this is a good idea, and that it would make life easier for people, but so far this is at the level of introduction to the masses, I personally would not use such applications and extensions in browsers. Perhaps everything was done with high quality, but for some reason I do not yet have confidence in this.

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Quote from: 2pointo on February 22, 2020, 07:57:42 AM

So I started doing some research. I found a company which developed a browser extension to support payments on amazon with bitcoins (Not sure if its against the rules to post the company so I wont)... I'm sure there is a demand for it as I've seen the trade volume on a well known p2p exchange using Amazon gift cards. I say all of that to say this, what do you think that would do to the value?

Surely this would be the moment which would solidify mass adoption of the currency?

If the Amazon would really accept bitcoin as a part of their transaction, it will cause a huge impact to the cryptocurrency since a bit company are now using it. It will for surely gonna have a huge price movement to the market and might cause a bull run. This is might be also a trigger to other company to officially accept crypto as their part of every transaction that they are going to do.

Janation

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To be honest, I've been hearing and reading about Amazon accepting Bitcoin but I have no updates about it and I just remembered it now.

There are a lot of platforms that accepted Bitcoin, I am not a gamer but I do know Steam accepted Bitcoin. Steam is a platform in games and one of the most popular of it. Still, it did not made any impact and they stopped accepting it in the long run. I think that would be the same with Amazon. The fact that we have no updates until now means they know the risks they will take if they do that.

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Quote from: gentlemand on February 22, 2020, 01:49:40 PM

No one buys something to buy something.

What's needed are employers to give the option of people being paid in Bitcoin. That would drive things much harder.

Exactly. We're still at an intermediate stage in adoption where most consumers and merchants don't have strong incentives to adopt BTC.

People tend to focus too much on this aspect. In my opinion, Bitcoin needs to become ubiquitously used as money first. When consumers are getting paid their salaries in BTC and merchants can pay their suppliers in BTC, both groups will get fully on board.

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