Topic: Can Amazon Integrate Bitcoin? - page 15. (Read 3801 times)
I think Amazon could easily take bitcoin without any problems, but do the creators of bitcoin want this? Nobody wants to share profits. On the one hand, bitcoin would be recognized as legal, on the other hand there would be a lot of problems between the owners of these companies. But it is not for us to decide this, of course, what will be that will be, the main thing is that ordinary people could earn.
With BTC commissions being crazy high nowadays (and unlikely to drop a lot after SegWit) I wonder if any of retail giants would ever consider accepting other cryptos as a form of payment. Dash, ZEC/ZEN etc.
Amazon can do whatever they want it is completely up to them. I would highly recommend that they do this to start stashing reserves of Bitcoin however there is a big spotlight on them so if they start doing that I'm sure the government will want to know how much they're getting in taxes because of where their headquarters are located. Maybe they'll go all virtual.
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.
I’m quite sure they can. For one thing, Amazon is a very successful online buy and sell website. I’m sure that throughout the years they have developed a well secured way of transaction. Thus, making btcoin easy to adapt.
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still some big hurdles that have to be ironed out before Amazon would really start working for this dreamed adoption.
Dont you think amazon itself is smart enough organisation/entity to overcome that problem. I mean they are the best e-commerce in the world and everyone knows how fast they work in the world. If they are seeing an great opportunity thought eh bitcoin then they might have started the work on bitcoin already and might be implementing the codes. Nothing can be states really! but development must be taking shaping already at their HO's. Also, never forget that amazon is always first to adopt kinda of entity and if more people are going to use Amazon because of bitcoin then they will surely break the code at first glance only.
They can integrate it, but it would be very hard for people to make efficient transactions, since one transaction is now 70 dollars. They would probably try to integrate some other crypto in the same way. Maybe litecoin/ethereum?
If amazon is going to accept bitcoin for payments, I am pretty sure that they are going to do it via bitpay, which means that they don't directly accept bitcoins, but indirectly.
They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
It seems to me that it is too difficult to Amazon decided it. No, I don't believe it. Perhaps it is more our dream than the desire Amazon. Initiative always comes from below. It seems to me that the pioneers in this industry are small online stores. Then after analyzing the situation, the big players will take the decision for themselves.They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
maybe soon we can see that amazon will integrate with bitcoin for their payment so we can pay with our bitcoin and we can hide our identity. i think it will be a great news to see amazon and the other store online integrate with bitcoin as their system payment because if amazon is applying this, it means bitcoin will be spreads more among us. i am curious when the amazon will integrate their system with bitcoin and i want to know how its easy to pay with bitcoin.
I think amazon and any other major company integrating bitcoin as a payment method won't be too hard in the future, they will have such a way that on purchase the bitcoin is instantly sold off in to the currency needed (USD for example) so that it is almost a seamless transaction for everyone.
Since paypal is basically ebay owned and not accepted at amazon it does make sense they might incorporate a crypto as a way to attack paypal. Maybe they will launch amazon coin we will see.
Paypal and Ebay are two separate companies for a long time now. Amazon has never included Paypal because Amazon considers Paypal as a competitor directly and not directly. If you use Amazon you have noticed this company is not accepting any payment processor. They accept only Visa/Mastercard, gift cards, etc.
They have already Amazon Payment that they struggle to be adopted so I don't think they are ready to create their coin anytime soon.
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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.
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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.
I think if amazon will really start to accept bitcoin as a means of payment then it is a big step for the bitcoin to be acceptable. Amazon will be a model so that others will accept bitcoin.
If amazon is going to accept bitcoin for payments, I am pretty sure that they are going to do it via bitpay, which means that they don't directly accept bitcoins, but indirectly.
They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
It seems to me that it is too difficult to Amazon decided it. No, I don't believe it. Perhaps it is more our dream than the desire Amazon. Initiative always comes from below. It seems to me that the pioneers in this industry are small online stores. Then after analyzing the situation, the big players will take the decision for themselves.They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
I think it is not that hard to create a wallet. Because for me, their would be a lot of conversion hussle and what if the item is only 3 dollars, you have to pay for fee and they would have to convert it again in own currency. I would agree that they should accept btc but i myself wont exactly use it always if im gonna buy on amazon.
I think integrating bitcoin to amazon can happen anytime soon. Surely amazon look into bitcoin as a good market for their business with this technology more people will love buying onlines the market of amazon will increase and they will also benefited with the fluctuations with results to appreciation of bitcoin they don't just earn from selling they will also have the opportunity in earnings thru holding of bitcoins they will receive.
If amazon is going to accept bitcoin for payments, I am pretty sure that they are going to do it via bitpay, which means that they don't directly accept bitcoins, but indirectly.
They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
It seems to me that it is too difficult to Amazon decided it. No, I don't believe it. Perhaps it is more our dream than the desire Amazon. Initiative always comes from below. It seems to me that the pioneers in this industry are small online stores. Then after analyzing the situation, the big players will take the decision for themselves. They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
If amazon is going to accept bitcoin for payments, I am pretty sure that they are going to do it via bitpay, which means that they don't directly accept bitcoins, but indirectly.
They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
They won't keep any bitcoins or have any bitcoin wallet, they are going to instantly convert their bitcoins into fiat right after they receive it to avoid price manipulations which may cause the company to lose money.
I think that it may provide more traffic to bitcoin but it is not a big deal , it will be a big deal if amazon would start keeping the bitcoins they take from customers.
Well, i think the fees on bitcoin transactions should not be a reason for them not to integrate Bitcoin in the payments, because the fees of bitcoin are probably lower than the fees a person would need to pay using a Credit Card or by a bank transfer for buying something. I think people, who know about bitcoin will probably use bitcoin instead of other payment methods no matter if the fees right now are quite high, because they will still be paying less fees if they pay with bitcoin no matter if it is above $2 or $4.
All big companies including Amazon certainly have an interest in BTC and even more for blockchain.Any serious company who want to make progress must accept new technologies if they want to be competitive in the market.The key is that this needs to be achieved before the competition,it's always good to be first in something.In case Amazon accepts BTC as a means of payment it would mean a lot for all those who support BTC and its greater use in the world.This would certainly affect the even greater popularity and would encourage others to accept BTC.
Amazon's mass appeal is huge, and there are many people who do not know Bitcoin. I do not believe that such a thing will happen. Perhaps it is such rumors that Bitcoin price has increased disproportionately.
If Bitcoin continues to grow and more people will adopt it then why not? I also think that it will not last long and they will accept bitcoin and other cryptocurrencies as a medium of payment and online shops similar to amazon will follow while Bitcoin will be skyrocketing to $10k+, but in the meantime they accept Bitcoin by using Purse.io, it would be great if they will accept payments from Coinpayments.net. There are also news that they will create their own cryptocurrency but Amazon still not releasing any statements about it and I think this is not true.
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