Amazon's future plans - page 2. | Bitcointalksearch.org

fullhdpixel

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Quote from: TheNineClub on August 23, 2021, 08:50:50 AM

It's always interesting to see companies that once embrace new and even fringe technologies and business models, be the ones to not be so fast to accept new ones when they get big. If Amazon does that then it could be a big thing. I'd guess a big thing for crypto but also for how business is being conducted in general.

Surely the integration of bitcoins to an e-commerce giant like Amazon will not just pump the price but literally pave the way for other merchants to follow the same path.

I am not sure if they will actually do it because there is no positive news recently. In fact, the Amazon-owned streaming site Twitch is looking to ban gambling stuff from the platform which is more focused on crypto gambling sites than the fiat ones.

Mark my words, if Amazon actually implements bitcoin payments, it would mean the price of bitcoin will at the very least reach $100k within a week.

TheGreatPython

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Quote from: LeGaulois on August 24, 2021, 04:31:57 PM

Amazon will never integrate BTC, or at least it will be among the last big companies to do so. Sort of a business strategy. It's like asking why Amazon never added PayPal. Guess what?

I completely get the point with PayPal but honestly, Bitcoin is not a centralized or private company that has any competition with Amazon, unlike PayPal. So, if Amazon wants or does add cryptocurrency as a payment method, it wouldn't dent their sales if not bolster them.

Quote from: LeGaulois on August 24, 2021, 04:31:57 PM

Anyway, besides that, there's not really a demand for paying in BTC. Most people are Hodlers or speculators, only a minority are trying to live the crypto life.

That's very true and while I would like to see more platforms accept and transact in crypto, I don't think there's much that would change. We can always cash our crypto and buy stuff directly so it's nothing more than an emotional sentiment.

Alisha-k

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But how about the ban on crypto in the US has it been lifted or are going to go against the governing poliicy surrounding the use of crypto currency in the states. But if the ban is lifted then I think this would be a mega boast both for the crypto industry as well as the Amazon ventures. I think it's a good time for those who are still doubting the existence of Bitcoin to come in and has a share of the next inflation

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Amazon is a giant of companies worldwide, only when observing its actions are kept in a constant upward trend, therefore when evaluating the company it represents, when entering the crypto world, I think that they will have the best option to create of your own token, which is guaranteed success.

On the other hand, it is a smart move to integrate a Blockchain platform for Amazon and why not? Integrate BTC, in view that BTC continues to grow, at the time of reaching $100k, because that is the most anticipated first target, I am sure that large companies will want to have the BTC payment system and their own tokens on their platforms .
I imagine that if AMAZON creates its own token it must offer additional benefits, so that the tokens can be bought not only with fiat money but with BTC as well.

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Quote from: LeGaulois on August 24, 2021, 04:31:57 PM

Anyway, besides that, there's not really a demand for paying in BTC. Most people are Hodlers or speculators, only a minority are trying to live the crypto life. From a business point of view, especially for a company as big as Amazon (since we're talking about it), why bother implementing something, with the work involved if afterwards nobody uses it, and it doesn't help increase sales.

You are absolutely right here, because in the event that Amazon receives dozens of inquiries every day about the possibility of paying with Bitcoin, perhaps this option would be available by now. It’s hard to say what percentage of people use BTC as a currency on a regular basis at all, and I think there are less than 20% of those who do, while at least 50% have never experienced paying with BTC for a good or service.

Regardless, I don't think that integrating crypto payments into their system would be complicated or too expensive, but that problems could arise between users -> customer support, because there would certainly be a lot of confused users with the questions "I sent BTC but the transaction is not confirmed more than 24 hours " or "I sent BTC, but the payment is not visible at all".

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Quote from: TheNineClub on August 23, 2021, 08:50:50 AM

It's always interesting to see companies that once embrace new and even fringe technologies and business models, be the ones to not be so fast to accept new ones when they get big. If Amazon does that then it could be a big thing. I'd guess a big thing for crypto but also for how business is being conducted in general.

This will be a big step in crypto, I hope Amazon has its own crypto and trading platform so that it makes crypto shine even more, Of course this takes time but it is needed to maintain the market. Maybe the first step is that they accept crypto so that makes crypto shine even more.

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Quote from: TheNineClub on August 23, 2021, 08:50:50 AM

It's always interesting to see companies that once embrace new and even fringe technologies and business models, be the ones to not be so fast to accept new ones when they get big. If Amazon does that then it could be a big thing. I'd guess a big thing for crypto but also for how business is being conducted in general.

The number of active bitcoin users that continues to increase is certainly a promising business area, I'm sure if Amazon accepts bitcoin then Amazon's marketcap and transaction volume will increase dramatically, this is because it's easy and practical if we transact with bitcoin instead of credit cards or bank transfers.

I think it would be a good decision for Amazon if it did accept bitcoin as a payment option,
besides being able to make transactions easier, maybe it will benefit each other,
So for now, let's see what happens next

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The company planned to accept bitcoin payments for amazon blockchain and crypto payments. The job posting for the blockchain lead revealed that he would acquire domain expertise in blockchain distributed ledger central bank digital currency and cryptocurrency to drive product strategy and development amazon says it has been inspired by innovation in the cryptocurrency space and is exploring what it could be like on amazon. We believe the future will be built on new technology that enables modern, fast and cheap payments and hopefully bring that future to amazon customers as soon as possible.

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Quote from: JillianTaft on July 26, 2021, 01:54:45 AM

The news of Amazon's involvement in cryptocurrency is now spreading more and more, and e-commerce giant Amazon may take action to integrate Bitcoin and other major cryptocurrencies as payment methods. If the company's strategy is realized, it may become the first major e-commerce platform in the United States to integrate cryptocurrency on its platform.

https://bitcoinist.com/amazon-targeting-bitcoin-payments-seeks-crypto-product-lead/

According to insiders, this is only the first phase of Amazon. Once they "establish a fast and secure" encrypted payment method, the second phase will start. The final stage will involve the creation and launch of Amazon's native tokens. And these Amazon officials did not respond to relevant news, everything is just speculation.
https://bitcoinist.com/amazon-to-integrate-bitcoin-payments-and-launch-its-own-token-by-2022-insider-confirms/

So Amazon will use the encrypted payment to attract people first, for the purpose of their own tokens in the future? Like the previous platform currency BNB, then launch the Amazon exchange?

When publishing this news market grows day by day for that reason this news impact a positive something.so I think If they are involved fully it can make its own exchange it's not very hard work for amazon.AT present they are selling all county their product by e-commerce so it will be very easy work if they want.

timerland

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Look, all corporations are expected to follow with the trend of crypto. There is absolutely nothing here.

Amazon has historically been at the forefront of technology so this doesn't surprise me one bit.

What people need to realize though is that these instances of blockhcain adoption by corporations has pretty much 0 effect on the decentralised crypto ecosystem - they are simply centralized bodies that are planning on using their own proprietary blockchain technology to achieve goals of immutability/scalability, and nothing else.

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Come on, guys!

Speculation about Amazon and Bitcoin has been going on for years. And every 2 years or so, there's this kind of news (which is true) that comes out and people immediately think Amazon is going to add BTC. But it doesn't mean anything. By the way, the job' details are very unclear and sujective.

Amazon will never integrate BTC, or at least it will be among the last big companies to do so. Sort of a business strategy. It's like asking why Amazon never added PayPal. Guess what?

Anyway, besides that, there's not really a demand for paying in BTC. Most people are Hodlers or speculators, only a minority are trying to live the crypto life. From a business point of view, especially for a company as big as Amazon (since we're talking about it), why bother implementing something, with the work involved if afterwards nobody uses it, and it doesn't help increase sales.

Or perhaps you think people will use their local currency to bitcoins to complete their orders on Amazon? With all the fees involved (tx/fx)? Why would they bother. On Amazon you can easily pay with your CC, a voucher, a bank account, and even top up your account automatically.
At home I can even pay with voice control and Alexa.

ILuckyGuyI

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Quote from: JillianTaft on July 26, 2021, 01:54:45 AM

So Amazon will use encrypted payment to attract people first, for the purpose of their own tokens in the future? Like the previous platform currency BNB, then launch the Amazon exchange?

Amazon will most probably do so first. Bitcoin payment method is one of the good ways to draw people's attention. I guess there are so many people who like to pay with Bitcoin among Amazon customers. They will start with this and wait for people to have an interest in it. Then they can start doing a research for a possible Amazon token. If their research ends successfully, they will go on with it and release it. But I'm not sure about an Amazon crypto exchange. Maybe they won't go that far.

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I know these are just rumors right now and even Amazon themselves denied any rumors of them adding bitcoin right now. However do you really doubt that one day they will not add it? Maybe not today, maybe not this year, but eventually they will definitely add it. Just think about it, everyone is starting to use it, everyone is starting to invest into it, from regular people like us to big companies like tesla they are all investing into crypto as well and bitcoin is becoming just a normal part of our lives.

We are not at a stage where it is just a niche thing for us, we are at a stage where it is a big deal for everyone and that is why I think that one day amazon will be forced to add bitcoin to make more profit. After all, what does amazon love more than anything else in the world? Making a profit and if bitcoin will add into that profit then they will do it for sure.

fiulpro

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At the same time I do think that Amazon can take a step forth and they can also provide people with the option to recieve the payment in Bitcoins or other cryptocurrencies, this might mean that people might have more options to choose from and at the same time I do think that other major companies will follow this too.
This would mean that for Bitcoins and other cryptocurrencies there will be a roadmap already laid out which would eventually make them more acceptable and more normal as people might say. I do think we will be in for a long haul and this decision might take years to get implemented fully. I hope it's not just US but they will allow other countries as well to join in.

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Quote from: zanezane on July 26, 2021, 02:09:26 AM

If they really do plan, I do hope that it's not a discriminatory for them to sell their products much more expensive compared to just fiat also, have they released some sort of roadmap already regarding their plans of integrating cryptocurrency in their platform because people will be expecting something from them and I think it's fair that they will give them a timeline to sort of give hope and hype for their integration.

Definitely, I get your point that they might up their price when you are buying using bitcoin or crypto but I also get their point as to why they're going to do that, they need to keep up with the volatility which is not in their favor especially if they sell something expensive unless they plan to hodl those coins that they earn through that transactions.

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Quote from: Yamifoud on August 23, 2021, 09:12:51 AM

Quote from: TheNineClub on August 23, 2021, 08:50:50 AM

It's always interesting to see companies that once embrace new and even fringe technologies and business models, be the ones to not be so fast to accept new ones when they get big. If Amazon does that then it could be a big thing. I'd guess a big thing for crypto but also for how business is being conducted in general.

Well, most of us are waiting for that moment as this could help the adoption to get stronger and move fast. I know they are into list accepting Bitcoin in time, maybe it needs to fix their system first before it finally open to the community. Amazon is one of the big companies in the world and its impact is expecting to be more influential.
Anyways, there are several companies who are already adopting crypto now, I think this could help to convince others to join together and help cryptocurrency used globally.

This rumor are circulating everywhere but there's no official news from their team yet and some rumors says that Amazon has no plan to invest in Bitcoin, well I just read it somewhere in google. This rumor has nothing to do with the current market situation and if this is true then we just need their confirmation and the market will going to explode with fomo after that.

It surely expand and increase the adoption of Bitcoin but I don't want to get my hopes high yet since it's just a rumor and things will change anytime along the way.

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Quote from: TheNineClub on August 23, 2021, 08:50:50 AM

It's always interesting to see companies that once embrace new and even fringe technologies and business models, be the ones to not be so fast to accept new ones when they get big. If Amazon does that then it could be a big thing. I'd guess a big thing for crypto but also for how business is being conducted in general.

Well, most of us are waiting for that moment as this could help the adoption to get stronger and move fast. I know they are into list accepting Bitcoin in time, maybe it needs to fix their system first before it finally open to the community. Amazon is one of the big companies in the world and its impact is expecting to be more influential.
Anyways, there are several companies who are already adopting crypto now, I think this could help to convince others to join together and help cryptocurrency used globally.

TheNineClub

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It's always interesting to see companies that once embrace new and even fringe technologies and business models, be the ones to not be so fast to accept new ones when they get big. If Amazon does that then it could be a big thing. I'd guess a big thing for crypto but also for how business is being conducted in general.

perryxi2

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Most of the good business models of this form of investment are profitable, they always have a new vision of the market and the needs of users. Part of BTC is now very popular and accepted by many places. If amazon doesn't accept BTC as payment, they really missed a new step in the change of technology today.

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Quote from: JillianTaft on July 26, 2021, 01:54:45 AM

The news of Amazon's involvement in cryptocurrency is now spreading more and more, and e-commerce giant Amazon may take action to integrate Bitcoin and other major cryptocurrencies as payment methods. If the company's strategy is realized, it may become the first major e-commerce platform in the United States to integrate cryptocurrency on its platform.

https://bitcoinist.com/amazon-targeting-bitcoin-payments-seeks-crypto-product-lead/

According to insiders, this is only the first phase of Amazon. Once they "establish a fast and secure" encrypted payment method, the second phase will start. The final stage will involve the creation and launch of Amazon's native tokens. And these Amazon officials did not respond to relevant news, everything is just speculation.
https://bitcoinist.com/amazon-to-integrate-bitcoin-payments-and-launch-its-own-token-by-2022-insider-confirms/

So Amazon will use encrypted payment to attract people first, for the purpose of their own tokens in the future? Like the previous platform currency BNB, then launch the Amazon exchange?

There are also rumors, unfortunately, that Amazon itself stated that they are not going to involve the use of crypto with their transactions. If only it is a real thing or the probability of it happening is much higher than not, it would be a big help and make a huge impact to bitcoin and other cryptocurrency's price as well as their future. To be accepeted or regulated by a huge company like Amazon would build bitcoin's reputation to other big companies all over the world and it may also end up making crypto much more dominant than fiat in the near future.

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