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Topic: Can Amazon Integrate Bitcoin? - page 8. (Read 3764 times)

sr. member
Activity: 798
Merit: 250
GoMeat - Digitalizing Meat Stores - ICO
May 22, 2018, 05:37:21 AM
I hope that Amazon will approach and accept Bitcoin in the future. Amazon is the largest corporation in the world, if Amazon accepts Bitcoin, I believe other corporations will also accept Bitcoin.

that will make great effect to cryptocurrency market.main effect is bitcoin price will rise sharply and followed by altcoin maybe.new investor and new institution that accept bitcoin going bigger.
member
Activity: 238
Merit: 10
May 22, 2018, 05:23:57 AM
Why not?) I will be pleased if I could buy from my favorite store with bitcoin and they will beat their all business enemies by doing that
newbie
Activity: 66
Merit: 0
May 22, 2018, 05:17:57 AM
no i don't think that's possible now..  even if Amazon had planned to integrate bitcoin in the past few months, the integration process could take years of research development, and testing, given the difference in the magnitude of the Amazon ecommerce platform in contrast to its rivals.
Right. The decision to use a digital currency to purchase goods is a big deal for the home business. Because they are just a business, not an investor. With the use of dollars as a trading currency, they can easily control the profitability of their jobs. But Bitcoin is different. The value of Bitcoin is unstable, and this is a difficult one for business people like Amazon. But that is the problem now, in the future everything will be different. Amazon will consider appropriate measures to make Bitcoin a trading currency for Amazon.
newbie
Activity: 66
Merit: 0
May 22, 2018, 05:13:34 AM
I think Amazon can integrate. Because using Bitcoin as a trading currency will have the added advantage of being fast and secure. This will benefit both the shopper and the seller as Amazon. Amazon's policy is very interested in satisfying customers. So choosing Bitcoin as a currency to better serve the needs of consumers is a matter for Amazon. I believe this will come true.
full member
Activity: 307
Merit: 100
May 06, 2018, 01:19:13 PM
Next Level for Cryptocurrencies: When Will Amazon Accept Bitcoin Payments?
Experts agree that the future of cryptocurrencies will critically depend on whether they are accepted as a regular payment from leading online retailers. The signs for that are not bad.

Quote
YED
full member
Activity: 209
Merit: 100
May 06, 2018, 01:05:06 PM
no i don't think that's possible now..  even if Amazon had planned to integrate bitcoin in the past few months, the integration process could take years of research development, and testing, given the difference in the magnitude of the Amazon ecommerce platform in contrast to its rivals.
member
Activity: 125
Merit: 10
May 06, 2018, 04:23:25 AM
I think that Amazon will have to intervene in electronic money as well as make Bitcoin a payment currency, but through the forums, it is clear that Bitcoin is a high risk for investors. Be careful in dealing with virtual currencies.
member
Activity: 155
Merit: 16
May 06, 2018, 01:55:54 AM
They're way more likely to create their own token when crypto becomes more widely accepted.  Either way, there's nothing stopping them from accepting bitcoin now, they probably don't want to deal with the hassle when it'll be such a small percentage of customers though.  There is the problem with constantly fluctuating value as well, so they'd have to come up with a way to sell directly for values of bitcoin, not amounts of other fiat currency.  That will probably stop a lot of people from using it in the beginning as well, just the confusion of how much things cost.  I think it's coming though, there's no stopping the crypto train.
member
Activity: 294
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
May 06, 2018, 01:49:01 AM
I hope that Amazon will approach and accept Bitcoin in the future. Amazon is the largest corporation in the world, if Amazon accepts Bitcoin, I believe other corporations will also accept Bitcoin.
sr. member
Activity: 574
Merit: 251
May 06, 2018, 01:45:59 AM



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.





As the innovation is made possible by the use of advance technology, I think it is possible. They maybe are studying it deeply before they will integrate it with bitcoin. Or is obseving the movement of the crypto currency around the world.
Of course they are very careful to implement blockchain technology, this is to make them no more errors when, I'm sure that Amazon has done an analysis to apply and accept bitcoin and it happens soon.
member
Activity: 322
Merit: 10
╔►[FILIPINO Translator]◄╝
May 06, 2018, 01:39:14 AM
If Amazon can integrate bitcoin and other cryptocurrencies for their online goods and services, then that will be a very good feature their company could have for the betterment of their business most especially for their clienteles.
full member
Activity: 164
Merit: 100
May 05, 2018, 11:02:50 PM
I believe it is highly possible, we may see Bitcoins on almost all paying sites and
transaction options in the near future. Bitcoin is perfect to such a challenge, I
think it's even highly qualified to be so. Amazon, Zappos, Ebay and other well
known shop sites must integrate and innovate to keep up and get into the future
of online transactions. Bitcoin is the best solution for this. Let's just wait and see.
jr. member
Activity: 280
Merit: 2
May 05, 2018, 10:48:33 PM



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.





As the innovation is made possible by the use of advance technology, I think it is possible. They maybe are studying it deeply before they will integrate it with bitcoin. Or is obseving the movement of the crypto currency around the world.
member
Activity: 252
Merit: 12
May 05, 2018, 06:59:34 PM
Amazon will move to the next level in online trading if they integrate cryptocurrency into their payment system.This is because more people around the world will like to own their token so that they can easily purchase goods and enjoy discounts.They will need to build a strong system though so that fraudsters will not take advantage of people to steal their money and buy goods from amazon.
full member
Activity: 179
Merit: 100
May 05, 2018, 06:48:41 PM
If you use the BitPay wallet then you can already purchase an Amazon gift card by pressing the button present on your wallet GUI. This card is added directly to your Amazon account and  Cool Cool you’re making Amazon purchases with Bitcoin…
newbie
Activity: 81
Merit: 0
May 04, 2018, 06:10:03 PM
I don't think they will. More probable that they will create own cryptocurrency. And it will be one of the most expected ICO. If it will be ICO.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
May 04, 2018, 05:49:12 PM
Why not? amazon is an online shop that caters also online payment, it is so possible that amazon may integrate bitcoin as a payment. As i heard other online business also accepting bitcoin as a payment and that is a great idea that amazon may also accept bitcoin for customer's payment.

Amazon has got the best team to make themselves advanced and move forward with the addition of new payment solution. Already there are traders around the globe accepting bitcoin as payment offering services through Amazon and eBay. The corporate entry will lead to drastic growth, same time they'll try to over rule the community and tries to earn the most out of it.
newbie
Activity: 112
Merit: 0
May 04, 2018, 11:07:01 AM
It is entirely reasonable that Amazon integrates Bitcoin into payment for trading activities through this huge trading site. The use of Bitcoin is fast and secure for both buyers and sellers. As a big man of e-commerce, surely, integrating Bitcoin into Amazon's commercial activity is a matter of time. Perhaps, Amazon is waiting for positive moves from the governments of some countries. Just take the positive moves of governments, everything will be passed. Amazon will officially accept liquidity by Bitcoin.
newbie
Activity: 44
Merit: 0
April 30, 2018, 01:00:20 PM
A few weeks ago I read something about Amazon developing a AI algorithm that is beyond anything available now in linking Bitcoin addresses, tracing them to users. Including address and such. And they will provide this service to the IRS. So I don't think many Bitcoin users will be for that invasion of privacy.
full member
Activity: 476
Merit: 124
April 30, 2018, 12:52:50 PM
Amazon and other big corporations will definitely adapt crypto currencies and integrate it as one of the options of their payment system. Adaption could be the trigger for the market cap of crypto currencies to reach beyond a trillion dollars. If you have been reading the news, some corporations and governments have started to consider crypto currencies.
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