Topic: Predict the Date: When will Amazon accept Bitcoin ? (Read 2229 times)
OK, Overstock.com moved their acceptance date for Bitcoin forward by six months and took their first online order today with BTC for a patio set. http://finance.yahoo.com/news/bitcoin-comes-overstock-ceo-locks-170200259.html My initial guess of Amazon accepting for Cyber Monday/Black Friday is now looking pretty solid, unless of course, they move forward as well. Price of BTC is going up as a result.
My prediction is that it is dependent on the media, how much attention and acceptance bitcoin gains will dictate adoption.
In saying this, I suspect it shall be June/July 2014.
In saying this, I suspect it shall be June/July 2014.
amazon-coin would be a nice idea. Ebay-coin or some coin that replaces giftcards
They're already experimenting with Kindle Coins. I would image they will accept it through a third party ala bitpay by end of 2014.
Considering it's 2014 (for a lot of people) and Amazon still doesn't accept paypal, it's hard to say when they'll embrace BTC.
Overstock is awesome, but the day Amazon accepts it, BTC goes to the moon as I think that officially will make it mainstream.
Overstock is awesome, but the day Amazon accepts it, BTC goes to the moon as I think that officially will make it mainstream.
Hopefully soon after Overstock rolls it out. That's gonna be the big ticket that tests the waters. Once other retailers see Overstock's success, they'll join in.
Amazon will not accept bitcoin or any other crypto any time soon.
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.
By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.
By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal
Amazon is most likely still paying 1%. This is an incentive to move away from plastic and the banking system.
I think Christmas 2014 is a good guess.
Anyhow, I am convinced that the day will come so I'm holding on to my precious BTC until that day comes
Anyhow, I am convinced that the day will come so I'm holding on to my precious BTC until that day comes
Amazon will not accept bitcoin or any other crypto any time soon.
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.
By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal
Amazoncoin is far from a coin, except for the name, it's like a voucher, I guess they tried to used the word coin to make it "rebrand" the voucher thing.
Overstock, as a first, will be a big experiment, we will see how it goes.
By the way, why do you think Amazon pays the standard rate to plastic? They must have a better deal
I think they will wait and see how overstock does before accepting Bitcoin. 2016 looks like the most likely answer. the advantage to amazon is lower fees than credit cards and no charge-backs. it is a smart business decision. As long as they convert to US$ at the time of sale there is no risk to them.
2016 xmas 
I think it may be longer than five years. Seeing as the china ordeal was quite a blow to bitcoin. Some have even said that this de-legitimizes bitcoin. Some have said that the china ordeal has doomed bitcoin to life on the fringes. But this may be offset by the rise of other crypto currencies. Perhaps pressure from rising use of these currencies will make amazon and other shops relent. I saw that google has invested in some other cryptos like ripple, say it may be that they will accept such currencies for use on amazon play. Come to think of it, I kind of think that online subscription services/download services like itunes, or ultraviolet, or amazon prime instant video, netflix, would also jump on the bandwagon. Here we are trading digital services/goods for digital currency, as opposed to digital currency for phyisical goods. Its sounds neat though not necessarily cheaper. Maybe beginning with smaller shops and their adoption will lead to bigger online retailers accepting cryptos.
But the way forward some have said would be to drive greater adoption. What are the safeguards for cryptos against inflation, if any? Im new to all this.
But the way forward some have said would be to drive greater adoption. What are the safeguards for cryptos against inflation, if any? Im new to all this.
My guess: all webstores will accept bitcoin payments by the end of 2016. It doesn't necessarily have to be bitcoin, but most probably it will because of it widest spread adaptation.
For an even money bet I'd go with never. I think it's more likely some other crypto will beat bitcoin sooner or later and that at some point amazon will accept some sort of crypto.
2nd quarter of 2014
Still going with Late November 2014 (black Monday availability) Amazon will not offer before Overstock.com who targeted mid 2014 for BTC acceptance. http://bits.blogs.nytimes.com/2013/12/26/overstock-to-embrace-bitcoin-giving-the-currency-a-lift/?_r=0 When Overstock.com makes the move, there should be a significant rise in BTC price.
i think they create her own coin
its not gonna happen any time soon. as everyone else is saying everyone has to be using it before they accept it
2nd quarter of 2014
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No corporatecoin would ever be accepted by the masses or the media; not even Amazoncoin. After Overstock adopts btc, it is likely other retailers will follow. Another thread could be started on when Ebay/Paypal will accept. Bitcoin takes profit away from them so, actually more unlikely for EBay than Amazon. However, Online Retailers save money by using Bitcoin- - - No 1.5% payment to process creditcard plastic fees. This is big money & this is why online retailers will adopt someday.
Corporatecoins may be used for individual sites as they try cash in on the trend, but I can't see their mass appeal.
Hopefully Overstock's dealings in BTC will be a successful one and more will follow suit. I really think Bitcoins future depends on some big merchants successfully getting behind it.
Ebay/paypal could still utilise Bitcoin, they just need to build it into their system and take a cut automatically. I think ebay should build its own marketplace as there's obviously demand for this.
the acceptance might come, but first, BTC has to stabilise itself and I dont see this coming in the near future. Right now, it is more of an amazing volitile digital commodity with some payment options.
Depends how you define 'near future'. I reckon it will stabilise eventually, but it will take time.
10 years or more I guess
I hope its less than that. I reckon we'll see quite a bit of growth next year. Hopefully many high streets will accept BTC within five years.
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