Topic: What u think will happen if Amazon would accept BTC? (Read 2580 times)
They won't do that since customer who wants to pay with bitcoin isn't that much, lots of regulation about bitcoin in different country and how they deal with tainted bitcoin. But, if amazon really accept bitcoin, bitcoiner don't have to buy amazon gift card with unknown legality or use bad service such as purse.io anymore.
It already is accepting BTC as mode of payment but not directly on their website instead you can use your wallet on purchasing products and I think availing their Amazon gift cards.
Well that's a different thing. Amazon accepting/including bitcoin as an direct option to make purchases would be a whole different story. But using third party sites to buy amazon gift cards does not mean that amazon is accepting bitcoins. We can also buy prepaid gift cards for other online shops like ebay and playstore. That does not mean that they are accepting bitcoin.
I think you haven't log in to Amazon for quite some time. It already is accepting BTC as mode of payment but not directly on their website instead you can use your wallet on purchasing products and I think availing their Amazon gift cards.
The only coin ATM to become global as it would in Amazon is BTC. however there are several issues with BC blockchain that have to be solved before this happens or the problems that will emerge will give crypto a very bad name.
Yes before accepting bitcoin by the big companies the issue should be fix first because a lot of things can happen when bitcoin is accepted and there is still problems with its network. If amazon will accept bitcoin while there is a unconfirmed transaction problems then it will be such a big problem that will be a bad reputation for bitcoin.
The only coin ATM to become global as it would in Amazon is BTC. however there are several issues with BC blockchain that have to be solved before this happens or the problems that will emerge will give crypto a very bad name.
If bitcoin is accepted directly by Amazon the market capital of bitcoin will surely peak in a short. Because more corporate firms will start to invest into bitcoin. Along with this the awareness about bitcoin and other altcoins too will increase among the users in large scale.
Yes I agree, but do you think bitcoin is ready at this point? I don't think it is yet. Transactions are sometimes too slow (even with reasonable fees) and the bitcoin network doesn't support a huge number of transactions per second right now.I agree. With the high transaction fee's incurred when using bitcoin as mode of payment, buyers might get frustrated that will force Amazon not to accept bitcoin for now. Bitcoin is really tied up with the scaling issue that will make people not to used it. I hope the issue can be resolved soon.
If bitcoin is accepted directly by Amazon the market capital of bitcoin will surely peak in a short. Because more corporate firms will start to invest into bitcoin. Along with this the awareness about bitcoin and other altcoins too will increase among the users in large scale.
Yes I agree, but do you think bitcoin is ready at this point? I don't think it is yet. Transactions are sometimes too slow (even with reasonable fees) and the bitcoin network doesn't support a huge number of transactions per second right now.
If bitcoin is accepted directly by Amazon the market capital of bitcoin will surely peak in a short. Because more corporate firms will start to invest into bitcoin. Along with this the awareness about bitcoin and other altcoins too will increase among the users in large scale.
Maybe yes maybe not, but if yes it will be good for the customer. They will have a lot of payment method to buy amazon product but of course, amazon needs to clear the rules about this. Hope they will accept bitcoin as a payment method and also give more discount or even a contest ( maybe ). I will wait for this moment.
What would this do to the market? What do you expect?
There will be some popularity. More people will know about bitcoin. But I think not many people use bitcoin for shopping as people prefer bitcoin as investment. So they are likely to spend fiat in such cases. I am not saying everybody does that. But the bigger fraction of bitcoin owner keep it as investment and hardly use it in any kind of shopping.
What would this do to the market? What do you expect?
Correct, we can use bitcoin in amazon using Purse.io site. You can make payment using bitcoin and you will be able to get the discount also around 15% and more. You can get the some reward credit points to use the bitcoin in this site. We will hope Amazon will accept bitcoin directly in their site.
I think it's still too early for that to happen. In order to do so we need 2 things to happen.
1. Instant or nearly instant transactions
2. Alot of more people who frequently use bitcoin. This will add alot more liquidity and stabilize the price.
If alot of people start using BTC amazon will be forced to jump on the train. But we're not there yet.
1. Instant or nearly instant transactions
2. Alot of more people who frequently use bitcoin. This will add alot more liquidity and stabilize the price.
If alot of people start using BTC amazon will be forced to jump on the train. But we're not there yet.
What would this do to the market? What do you expect?
Nothing much. The price would increase since investors will buy up, but no significant change IMO.
i dont think amazon will accept btc..and why? and anyone can get a debit card to buy on amazon..
It is an if. So the answer disregards that amazon will not accept it although it is true.
If ever it will. There will be a large increase in the usage of bitcoin and somehow it might also increase the bitcoin price.
There are too many items at amazon and with payment option opening thru bitcoin then many of us here in this forum will come running and buy what we want thru bitcoin also.
It will be a big hit,
I'm quite confident that Amazon won't be accepting Bitcoin any time soon and there's a reason!
Gyft.com, Purse.io and many other vendors are selling amazon giftcards directly for Bitcoin which means
Amazon wants Bitcoiners to come to them, they ain't planning on assisting Bitcoin or anything similar, just
to squeeze more cash in.
Gyft.com, Purse.io and many other vendors are selling amazon giftcards directly for Bitcoin which means
Amazon wants Bitcoiners to come to them, they ain't planning on assisting Bitcoin or anything similar, just
to squeeze more cash in.
What is about ebay? They would be perfect for microtransactions.
What would this do to the market? What do you expect?
If the Amazon would accept Bitcoin it will be a big help for them to promote their site because it can't be deny that bitcoin community is that small to be compare to other shopping on-line. And for sure, the target market was all countries in the entire world due Bitcoin was international currency which is available to all countries that has a good connection of the Internet.
If Amazon will accept BTC as a payment, the benefits for us is we can buy things using bitcoin as a payment so there is no hassle for us convert into our legal currency, we can direct buying products using BTC. And the benifits for Amazon is demand of their product will increase so that they can increase the price of their product because of lack of supply.
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