Amazon Technologies has registered three domains with names related to crypto currency.The move was expected to be announced on october 26th.But i think that it would take years for amazon to incorporate bitcoin since it has to do a detailed research about crypto payments.
But at the same time,it could not simply avoid bitcoin payments any more since its competitor online retailer Overstock has been accepting bitcoin payments since 2013.Amazon could not simply leave customers using bitcoin payment to its competitor.
Already,most of amazon users were asking amazon CEO to accept bitcoin payments and very soon,we could expect such an announcement.
Topic: Can Amazon Integrate Bitcoin? - page 14. (Read 3790 times)
This news make bitcoin price increase a lot. Bitcoin will reach 10k$ soon.
I strongly think that amazon can integrate bitcoin . Many sources are telling that amazon is considering to adopt bitcoin as means of payment . Bitcoin's large influence and value is the main reason behind it .
If this happens then bitcoin will get a very large headstart and the market value will hike to more greater values .
Amazon is such a great platform to publicize and encourage more and more people to use it.
If this happens then bitcoin will get a very large headstart and the market value will hike to more greater values .
Amazon is such a great platform to publicize and encourage more and more people to use it.
Amazon can most certainly can. It is one of the most richest companies out there that cater to online services. So, they must have advance technology to integrate bitcoin and make it secure at the same time.
amazon is a big company so i dont believe that they can integrate bitcoin instantly because bitcoins value arent stable so they may find it hard to adjust the pricing of their items from time to time but i think it can also have a good impact to thier sales because most people nowadays are now using bitcoins to shop online or offline. although ive heard that they bought a new domain but we arent sure yet if ts really for bitcoins.
Yes Amazon can integrate, but as we all know in bitcoin's world there is always risk involved due to fluctuations of prices. If we see this year data bitcoin has done fabulous job and jump into 7000 usd.
Maybe only price is the reason for amazon to think about bitcoins. And also there is two point of view.
First see amazon point of view " it says amazon can make huge profit from bitcoins because price will gonna rise in future".
Customer point of view" customer can buy goods by using their bitcoins without converting it into fiat currency that means no banking operations involved in it ".
Maybe only price is the reason for amazon to think about bitcoins. And also there is two point of view.
First see amazon point of view " it says amazon can make huge profit from bitcoins because price will gonna rise in future".
Customer point of view" customer can buy goods by using their bitcoins without converting it into fiat currency that means no banking operations involved in it ".
For the moment I don't think they are interested to implement bitcoin as payment.
Brilliant analysis.I'm not exactly against using bitcoin to buy things, even though I'd much prefer to spend
fiat, but I'm totally for this. If they accepted bitcoin, I and others would have an excellent
place to buy with crypto. Right now, there isn't a big retailer other than overstock (which
I've never used) that takes it, and for those of us who don't have any exchange accounts,
it's a way to convert bitcoin to something tangible. I'm really hoping Amazon comes around.
I suspect they will, and then after them I'm hoping Ebay does the same. Then we'll know
bitcoin has truly arrived.
Amazon will at some point, although I think I everyone is hyping it too much.
i do not know entirely clear what purpose that news. there is no official statement from amazon about bitcoin integration.
it maybe happen several years later. because, there are too many cases to solve, about return item, price stability, regulation and many others. if they find a way to solve the case, then it is likely to happen
it maybe happen several years later. because, there are too many cases to solve, about return item, price stability, regulation and many others. if they find a way to solve the case, then it is likely to happen
If they do implement bitcoin as a mode of payment it would be great,but the news of bitcoin being accepted by amazon is going around for a very long time and yet they are to implement it,with the price of bitcoin rising and the new announcement of derivatives market might sway their minds .
I doubt that they will be doing that anytime soon. The VP of Amazon recently stated that there is no market need to integrate Bitcoin and therefore they currently do not have plans to implement BTC nor other digital currencies as payment solutions.
agreed Implementing bitcoin would be great but I think Amazon has future plans so they will not accept it at the moment , I'm a bit sad about it because Imagine how much can we save if we can directly buy amazon products using bitcoin , no need for me to go to exchanges and less hassle for bitcoin users. 
Quote
Amazon is the largest e-commerce marketplace globally, and within a span of few years, it has quadrupled its market cap to $532 billion. It processes an unprecedented amount of orders and hence, the integration of payment technology or digital currency would require a prudent testing process and cautious implementation.
At this point, the demand for bitcoin is evidently increasing at an exponential rate, as the price of bitcoin recently surpassed the $7,000 mark for the first time in history. But, the scalability issues of bitcoin cannot be dismissed, since the size of the bitcoin mempool has increased back up to 50 million and the block size has remained above 1.04 MB in the past few days.
Currently, some of the most widely utilized bitcoin wallet platforms such as Blockchain and Coinbase are recommending transaction fees above $1. With SegWit-enabled wallets, the fees would likely be below $0.7, since as hardware wallet manufacturer Ledger stated, SegWit provides at least 35 percent reduction in transaction fees.
But, Amazon cannot expect general consumers or beginner bitcoin users to use SegWit-enabled wallet and enjoy lower fees, and in the short-term, the company may receive complaints in regards to high fees.
Read more here...
The recent buzz on the possibility that soon Amazon can be adopting Bitcoin as one of their medium of exchange or transactions is sending excitement all over. This can be a holy grail we are all waiting for. However, there are those who seriously look into the matter and concluded that there are still some big hurdles that have to be ironed out before Amazon would really start working for this dreamed adoption.
I am sure that all of us here are already familiar with that one big hindrance and we are also complaining about this since time immemorial. We keep on hoping that soon this thing can be given the right solution as paying a high transfer rate is actually not what Bitcoin is made for. Maybe Amazon is really just waiting for the right time to come and take Bitcoin but for now they must have concluded to temporary shelve the whole idea for reasons we already know.
Amazon can most certainly can. It is one of the most richest companies out there that cater to online services. So, they must have advance technology to integrate bitcoin and make it secure at the same time.
The integration will bring a great option for buyers, the fees is a hurdle ofcourse, but if we consider many doesn't have Credit Cards then I believe the fees won't matter for many. The option of Bitcoin for payment will be appreciated by many.
But yes who has options other than Bitcoin, they will think before spending on purchase. So it will be an issue for Amazon to take a decision of integrating Bitcoin
But yes who has options other than Bitcoin, they will think before spending on purchase. So it will be an issue for Amazon to take a decision of integrating Bitcoin
They can, but they will not do it. They already bought a Bitcoin-related domain name but that was rather to protect their brand than to offer a new service - because basically they do not need a new website to accept Bitcoin 
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I doubt that they will be doing that anytime soon. The VP of Amazon recently stated that there is no market need to integrate Bitcoin and therefore they currently do not have plans to implement BTC nor other digital currencies as payment solutions.
Amazon on the topic of accepting Bitcoin into their system as a payment method is not a problem. The problem lies here is if it will have a big effect on their sales by accepting Bitcoin as a mode of payment if the consumers will use it instead of other payment methods such as credit cards and Paypal. Of course the consumers here will have to decide if they are willing to accept the additional cost if they opted out choosing Bitcoin as a mode of payment, the transaction fee is really a big hurdle here as these buyers only really want to buy what the items really cost additional cost such as shipping are expected to come with the product's cost knowing that Bitcoin transactions have fees on the buyer's side will be a problem for them.
All of the online shops can easily integrate with bitcoin because they just need to set up a wallet of bitcoin and announce that they are now accepting bitcoin as a payment and after that then it will be easily adopted by the users of their online shop and they can just sell their product and accept with bitcoin easily.
There is no forcing it, it will be their choice. Whether their profits will grow or not. They have their own managing staff who is doing their jobs to think about the possibilities if ever bitcoin was used as a means of payment in their services.
I am sure they are also looking at a great risk which they will tackle if ever they do it.
I am sure they are also looking at a great risk which they will tackle if ever they do it.
Amazon is the largest e-commerce market in the world and almost every mode of trading on Amazon is fast and secure, ensuring the interests of users. If you apply Bitcoin to Amazon then we need to go through many challenges. In particular, the disclosure of user information and transaction fees as well as long transaction time is a major issue that needs to be addressed now. Applying the new Bitcoin method will reduce transaction time but increase the fees on many occasions, I think people will not like this.
They have given the information states that they will make the bitcoin payment api in their shopping cart but they did not added yet bro. If that integration has been added you will be able to buy any products without any issues.
Still we can purchase the things anythings in amazon using purse.io site so you will be able to make the payment with the bitcoins.
You will be able to get the credits and additional points whenever you purchases products with this sites.
Oh great that mazing to here and see what coming in the next few months or may be year. If amazon is really in the plans to acquire bitcoin as payment system then man juts imagine how much market cap of bitcoin they will push forward. I mean the user base for the Amazon is just tremendous as we know already and I bet there must be half of the nerds who are user of crypto currencies including me. Lols. So I will most probably (surely ) will use bitcoin to buy things from the Amazon.
As far as Amazon reputation is considered I’m pretty sure this will add up legality or may be more greater status to bitcoin and everyone will try to catch up the hot coin. This ultimately will give more fans to amazon also for acquiring the thing which everyone always dreamt of and bitcoin will have new users too. So everyone is happy in the last.
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