Topic: Why is Amazon.com still resisting the use of BTC for payment? - page 4. (Read 8433 times)
Bitcoin There are safety issues
Because amazon dont what to be bankrupt if bitcoin price will down so they going to finalize if they want to accept bitcoin as a payment. Actualy amazon open they store and they accepting bitcoin as a payment but it didn't run in long time because of i dont know what the management plans
It will be a huge lost for them if bitcoins drop half of its price, bitcoin is unpredictable if amazon want to accept bitcoin they should have an experience trader for them to get the best exchange possible from the bitcoins earned from selling.
That seems reasonable, but are there actually many people who will use btc on Amazon? I mean, I don't think that btc price changes will effect the amount of money company earns in a noticable way. 
this thread titles implies that jeff Bezos has barricaded himself in his mansion to avoid the billions of bitcoin users who are constantly beating at his door.
bitcoin is a fly on a horse's ass. there's nothing in it for amazon to add it. there's enough info out there for any retailer to figure out that accepting bitcoin does nothing for sales. adding it would be a grind with little or no upside.
be thankful there are gift card providers out there to make this moot anyway.
bitcoin is a fly on a horse's ass. there's nothing in it for amazon to add it. there's enough info out there for any retailer to figure out that accepting bitcoin does nothing for sales. adding it would be a grind with little or no upside.
be thankful there are gift card providers out there to make this moot anyway.
Amazon does accept Bitcoin in a way. Go to Gyft or a similar site and using Bitcoin to buy an Amazon gift card. End of problem.
We already know this but people are worried about accepting and spending bitcoin directly to Amazon, so from sending the money from your bitcoin wallet to amazon directly without going to third party websites buying giftcards and then spending to amazon.
Integrating bitcoin on Amazon requires investment and lots of people to maintain it which I think amazon could afford it.
It will be a huge lost for them if bitcoins drop half of its price, bitcoin is unpredictable if amazon want to accept bitcoin they should have an experience trader for them to get the best exchange possible from the bitcoins earned from selling.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
In my opinion bitcoin is still new there are not many people who use it for payment method and bitcoin is high risk because fluctuating of price its self. But if we wanna shopping on Amazon we can use purse.io, purse use bitcoin as payment method.What do you think?
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
In my opinion bitcoin is still new there are not many people who use it for payment method and bitcoin is high risk because fluctuating of price its self. But if we wanna shopping on Amazon we can use purse.io, purse use bitcoin as payment method.What do you think?
because bitcoin anonymous, not control company
i think is big all store online not only amazon not supported bitcoin, ebay is not support bitcoin too
i think is big all store online not only amazon not supported bitcoin, ebay is not support bitcoin too
Amazon does accept Bitcoin in a way. Go to Gyft or a similar site and using Bitcoin to buy an Amazon gift card. End of problem.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
In my opinion bitcoin is still new there are not many people who use it for payment method and bitcoin is high risk because fluctuating of price its self. But if we wanna shopping on Amazon we can use purse.io, purse use bitcoin as payment method. What do you think?
I think that bitcoin is currently still has a price that is less stable.
amazon side of the big companies do not want to take the risk of instability bitcoin.
especially at this time bitcoin unregulated use.
amazon side of the big companies do not want to take the risk of instability bitcoin.
especially at this time bitcoin unregulated use.
I guess we dont have to worry too much about this one anymore because as they have said paypal is now trying to integrate bitcoin on their services. Coinbase would be the official partner if i am not mistaken
As amazon is one among the large scale business unit, it takes time to implement over the entire stores around world. Also now they won't get a profit through bitcoin purpose in the short.
The major trend is for Bitcoin to become more widely used by businesses and people. The major trend is for Bitcoin to become less volatile. The giants like Amazon are sometimes reluctant to take a business risk, and they probably know that Bitcoin users already have conversion options into fiat currency. If there is a significant incentive for them to take a risk (such as a taxation change or adoption by a major competitor), they would be more likely to accept Bitcoin directly.
if amazon.com really use bitcoin, then I think bitcoin prices will increase. Amazon is one of the big companies, and if that happens then the development of bitcoin in the world can be very fast.
You nailed it mate. It would be a boom in the bitcoin industry. I just remembered when steam announced that they will be accepting bitcoin people at that time was very excited then when steam launches it every Gamer's that uses bitcoins of course celebrated.
No this is rarely happens people would still really use fiat for purchasing some items im amazon. But this is not a big deal for bitcoin industry because if the question would be where did that fiat come from and if stats would say that 35~40% was in bitcoin then it would still be a good news
One really apparent and really obvious reason jumps out at me: is bitcoin fast enough to handle the traffic an adoption by Amazon would bring? We are struggling to scale as we speak; having the largest online marketplace pouring transactions into the mix would most likely slow everything down to a crawl.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
What do you think?
Bitcoin price isn't stable and this may be one of the reason because if the price was $650 and suddenly within few hours drops to 500 or lower (which already happened this week) then where is the profit for the amazon?
We are talking for millions of dollars which amazon could risk but could also profit if the bitcoin price increases.
Exactly! Partially I understand amazon in that that they do not want to risk but as we all know only those who take risks win big in the end. But yeah, you might lose in the end too, so ... It's up to them. But I think those who will accept risks associated with Bitcoin will be in profit in the long run.
Another reason for this is that amazon should hire new people that have knowledge about cryptocurrencies and bitcoin, how the blockchain works, how to troubleshoot with their clients because people will get sucks making payments through bitcoin.
maybe they found it risky due to its price fluctuation.they can get loss if price suddenly dropped so they are using a faint currency as because they have a long stable value
Yeah that is true, but it is just one aspect of their mind, in another aspect they will have huge advantages in price bitcoin increase. This is quite a long time and will not be possible for a company wait until the price bitcoin ride. But this thing I'm sure amazon would benefit if they could learn about bitcoin
maybe they found it risky due to its price fluctuation.they can get loss if price suddenly dropped so they are using a faint currency as because they have a long stable value
Jump to: