Amazon Will Accept Bitcoin Speculation - page 15.

stompix

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Quote from: Crytpozer0 on October 10, 2017, 12:58:28 PM

it would benefit Amazon also

Why do you think this?
Amazon has not become the monster it is right now by not embracing new technology.
They have probably made the simulations tens of times and the results were not good.

Btw, Amazon is managing 35 orders a second, more than 3.5 millions a day.
All the transactions in the chain in the last day were only 300 000.

How many will buy stuff with bitcoin from amazon and how many of those were avoiding amazon before because they couldn't pay with coins?

Crytpozer0

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I dont think on short term Amazon will accept bitcoin, as soon as it is recognized and is accepted widely there is a very good chance Amazon will eventually accept payments with bitcoin, to be honest I dont even know why they shouldn't, bitcoin has proven itself to be steady and it would benefit Amazon also, this of course would be huge news and cryptocurrency lovers as myself would me madly happy once the news comes out.

valucash

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The news is fake, it is still a long way before big guns like Amazon can adopt bitcoin, the volatility of bitcoin is not healthy for retail businesses as it still needs fiat currency for his operations.

2fresh

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If this was true wouldn't we have heard something new or something more about it by now?

killerfrost

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Quote from: NoMar02 on September 23, 2017, 07:06:14 AM

According to a newsletter from The James Altucher Report, Amazon will soon begin accepting Bitcoin, which they will officially announce as early as October 26th during their earnings conference call.

Source: https://squawker.org/technology/breaking-amazon-will-accept-bitcoin-by-october/

Yes, this may be good news for Bitcoin users as the Bitcoin market is expanding and being accepted by a large trading network like Amazon. I believe that in the future, a lot of big men in the field of communication will gradually accept Bitcoin as Facebook, Google, ... That is the era of digital money, it will certainly happen in the future. Gender is growing and human needs are increasing. Bitcoin can meet these requirements

fredemar12

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The source does not inspire confidence. I think they will not do so yet

irmasany

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there is no official policy from amazon party about this rumor. I think the news is not true, this month no one has stated it is true.

joseafonso123az

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This might be pure speculation only, but it is benefiting BTC, and giving a increase in BTC value. More news like this would be so good for BTC! If Amazon accepts, then this would make BTC increase it's value more and more, because many people would start using BTC for buying stuff on Amazon!

sebasman2

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Would be cool if Amazon finally integrated Bitcoin, wondering what it will do to the BTC market though?

robx

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Sure this would be nice in terms of bitcoin mass adoption or as a support to BTC in general.
But lets be realistic: to do business or especially a trade business like amazon does BTC at the moment is way too volatile.
If there are 20% swings in value compared to any fiat currency in one day it would be really hard for amazon to calculate their business.
Furthermore there are other problems that are not really solved at the moment, ie the number of transactions in a given timeframe or even legal issues.
So imo its a long way for bitcoin to get there.
I say its possible and also i believe in it but it will take some time.
No need to hype yet.

noobinvestor

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Quote from: MiningSensei on October 10, 2017, 11:58:56 AM

If this happens then it will be huge for amazon and for everyone who is holding bitcoin, because this will be one of the first shops that is accepting bitcoin, and a lot of shops or online shops will start accepting bitcoin and other cryptos after this, because it has been the first, and everybody wants to see how it really works, and if it is profitable for the website.

How significant is it that Microsoft store accepts bitcoin?

MiningSensei

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If this happens then it will be huge for amazon and for everyone who is holding bitcoin, because this will be one of the first shops that is accepting bitcoin, and a lot of shops or online shops will start accepting bitcoin and other cryptos after this, because it has been the first, and everybody wants to see how it really works, and if it is profitable for the website.

Denies

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Quote from: shield132 on October 10, 2017, 11:32:12 AM

Amazon tries to make popular Amazon Pay and now you want to say that they will support bitcoin? There is no way. They even ask you to confirm your card when you order something on different adress, so bitcoin is very far from this. Despite the fact of how popular bitcoin will be in future, they won't accept it or there will be some service provider where you will be able to deposit with bitcoin and then get visa card which will be accepted by amazon + id card verification, limitd and etc.
It's something similar of saying that ebay and google will accept bitcoin over paypal and google pay.

what you say is true. how amazon minimize fraud in the purchase transaction.
that's what makes me ask questions. what is right about this news. or just a web that wants to increase the rating of its visitors.

yishak

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I reaally want to believe this news is true but since the website you mentioned is not a trusted news source I don't think its true. This kind of news would have been caught by the like of coindesk or the reddit bitcoin community but since no trusted news source said anything , this news is defiantly fake. Please next time try to check the authenticity of the news before posting here and getting everyone excited.

radhekrishna

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i think so someone spreading rumors about amazon as amazon is big dealing company of online nowadays it's natural to have rumors news. without government official announcement regarding bitcoins no one can make it official because it will be illegal.

Sasuke102001

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Yea even I have heard about Amazon accepting bitcoin as payment. That would really be good if Amazon starts accepting payments in bitcoins that would be really helpful and I have high hopes about this.

shield132

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Amazon tries to make popular Amazon Pay and now you want to say that they will support bitcoin? There is no way. They even ask you to confirm your card when you order something on different adress, so bitcoin is very far from this. Despite the fact of how popular bitcoin will be in future, they won't accept it or there will be some service provider where you will be able to deposit with bitcoin and then get visa card which will be accepted by amazon + id card verification, limitd and etc.
It's something similar of saying that ebay and google will accept bitcoin over paypal and google pay.

DoublerHunter

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If Amazon will accept bitcoin then the news will be wide spreaded in different sites especially the social media sites and a lot of sites that makes news about bitcoin will surely launch it but it seems that there is no signs that the news or about this thread is true because the amazon is still not accepting bitcoin and even though it will not widely spreaded then we can actually see the growth in the price.

Trofo

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Probably fake news, but it would be really good for whole crypto world if some global company like Amazon started accepting BTC for payment. The other companies would follow soon in order not to lose part of the market and it would be great time for all of us in cryto. We can dream, it will happen sooner or later.

diagla

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The recent new which came out saying Amazon is planning to accept Bitcoin before the end of the year turned out to be false.

Topic: Amazon Will Accept Bitcoin Speculation - page 15. (Read 2982 times)