Pages:
Author

Topic: Will Amazon accept crypto if Bitcoin skyrocket again? (Read 1248 times)

sr. member
Activity: 1344
Merit: 253
Sooner or later they will start to accept that is why they have bought domains with blockchain,btc etc as they understand that day will come and don't think it will happen after but maybe before, as we saw other big companies started do it.
especially nowadays more and more large companies are using bitcoin as a payment facility. Of course this has gone through a period of analysis from the internal company, and of course with a shining future, it will make other big companies to accept bitcoin to spoil their customers.
copper member
Activity: 200
Merit: 47
I keep hearing about Amazon accepting bitcoin, but it never really happens. It is just like the China ban on bitcoin. You keep hearing about it over and over again, and maybe one day, it will come true?
legendary
Activity: 2576
Merit: 1875
Leading Crypto Sports Betting & Casino Platform
There are a lot of small shops which accept crypto payments around the world. However, in my opinion, what will really push the cryptocurrencies forward is the adoption of Bitcoin by some big player in the trading industry, such as Amazon.

What do you think, will Amazon start to accept Bitcoin as a payment method if its price rises to new-record values again (like in 2017)? Could it be that they are not adopting it because they treat crypto as a hostile technology for their business? Or they just don't take Bitcoin seriously, like thinking it will despair in the near future?

I think Amazon will start accepting Bitcoin when it's worth more than $ 15k, I do not think they'll see it as they adopt it, but they will adapt to the technology that is being implanted at the moment, so they do not get left behind, as there will be many people They have bitcoin and they will want to pay with it, without them as a company I think they will sell them quickly to have it in USD and have it as safe money and not a money that can lose its value quickly.

Amazon has always adhered to the best standards of commerce and negotiations, when the bitcoin takes its value even more than $ 20k not only be attractive to Amazon but for the entire market in general, not only them, but also some airlines, some companies that begin to use while bullish trend is still active, I think that after everything has passed, they will not accept it as a means of payment, because I believe that since they are companies where they likewise need to be supported by real money, they can apply that same norm.
sr. member
Activity: 812
Merit: 256
Sooner or later they will start to accept that is why they have bought domains with blockchain,btc etc as they understand that day will come and don't think it will happen after but maybe before, as we saw other big companies started do it.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.
If one of the competitors of amazon will try to use BTC then they might consider it, soon they will going to use it as it's much easier and faster in transactions and that's why they'll be needing.

We spoke on this forum about amazon accepting btc payments 4 years ago, and they still didn`t accept btc as a payment method. One day they will, that`s for sure, I didn`t change my mind about that, but now I`m thinking that amazon can accept some crypto payments, but maybe not bitcoin, at least not in the first time, maybe they will favorize some alt before they start to accept btc. I say that cause some project are working really hard to make new contracts, new partners, maybe some of them are already in negotiations with amazon.
Some sort of new ICO, or platform that will partner in Amazon is a good idea, once some crypto developer partnered into some big names they'll surely have good platform to offer.
Until and unless Amazon have its own coin we cannot expect direct acceptance of bitcoin into their business. Already they were the world leader with the fiat acceptance. When that is possible what's the need to move towards cryptocurrency or bitcoin. Earlier purse.io gave access to limited services on Amazon and same like that somewhere we can experience use of bitcoin on purchase from Amazon.
legendary
Activity: 3248
Merit: 1179
They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.
If one of the competitors of amazon will try to use BTC then they might consider it, soon they will going to use it as it's much easier and faster in transactions and that's why they'll be needing.

We spoke on this forum about amazon accepting btc payments 4 years ago, and they still didn`t accept btc as a payment method. One day they will, that`s for sure, I didn`t change my mind about that, but now I`m thinking that amazon can accept some crypto payments, but maybe not bitcoin, at least not in the first time, maybe they will favorize some alt before they start to accept btc. I say that cause some project are working really hard to make new contracts, new partners, maybe some of them are already in negotiations with amazon.
sr. member
Activity: 462
Merit: 250
They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.
If one of the competitors of amazon will try to use BTC then they might consider it, soon they will going to use it as it's much easier and faster in transactions and that's why they'll be needing.
hero member
Activity: 1498
Merit: 501
DGbet.fun - Crypto Sportsbook
I am quite sure they wouldn't do that anytime soon. I think The Amazon company might consider investing in bitcoin but would never accept it as payment. Why? there would be too many complications in their transactions because of bitcoin's volatility. The prices would change on a daily basis and would simply be an added workload/process which will cost them more money. Oh yeah, imagine millions of refunds in bitcoin that they have to process considering the value might go up or down the next minute/day. I'm sure there will come a time for this idea when mass adoption happens, though.
I agree with you, investing in the crypto market if the price of bitcoin has a sharp increase is what Amazon can consider but if required they should consider bitcoin and crypto to become a payment method, that would be impossible when it has so many reasons and processes that need them to handle. The most typical is the regulations, the government still does not have a clear regulation on crypto, a large company will not be able to accept an illegal product, another problem is that value has too much volatility, which can always create injustice for buyers
member
Activity: 195
Merit: 10
I think Amazon might still be thinking of accepting crypto payments, eventually it will definitely accept. There are already many large companies that accept crypto currency payments.
sr. member
Activity: 1400
Merit: 283
It is not something that is impossible to happen, i mean recently there have been rumors about eBay might start accepting bitcoin and other crypto as payment method and if that happens, it will change the whole vision of other companies towards it and if it successful and proves to attract many people , we will definitely see not just amazon but other major companies starting to accept it as well, things are moving so fast and crypto is actually making some significant impact, so you it might start taking over sooner than we know it.
full member
Activity: 360
Merit: 100
I am quite sure they wouldn't do that anytime soon. I think The Amazon company might consider investing in bitcoin but would never accept it as payment. Why? there would be too many complications in their transactions because of bitcoin's volatility. The prices would change on a daily basis and would simply be an added workload/process which will cost them more money. Oh yeah, imagine millions of refunds in bitcoin that they have to process considering the value might go up or down the next minute/day. I'm sure there will come a time for this idea when mass adoption happens, though.
sr. member
Activity: 2520
Merit: 280
Hire Bitcointalk Camp. Manager @ r7promotions.com
They will be forced to accept crypto if it becomes one of the main stream mode of payment but in the current year chances of happening is literally low due to the high volatility.
sr. member
Activity: 1008
Merit: 355
They probably do not accept bitcoin due to regulatory and the volatility issues. Yes, adoption by big companies will certainly increase adoption but at what cost? Can the governments allow them on "unregulated" currencies?

The way i see it, Amazon will adopt bitcoin and other cryptocurrencies if they are sure enough that they can generate more revenues and business by offering this option. We all know that many merchants are complaining even before in 2017 that their expectations of sales coming those using cryptocurrency were not met. In 2019, we should be hoping this can change but if the mindset of many bitcoin holders is to speculate I don't think we can expect otherwise. There is no use of introducing another mode of payment and then not a critical number of people are availing of it all because many of us are holding our bitcoin tight in anticipation of a bigger bull run soon. This is just a matter of business strategy.
copper member
Activity: 200
Merit: 47
You can already use moon browser with an extension to use bitcoin in amazon and the likes. I also like coinpayments.net and I already used that website to purchase a service for myself.
hero member
Activity: 2730
Merit: 632
The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 Wink. That's sure some good business.

Hopefully they'll able to gain more interest of accepting bitcoin when that time comes. But for now as bitcoin still in the recovery period and showing more signs of bull run, we can't expect them to incorporate this type of payment system. As of now let's just wait and see good results in the future to commence a better outcome. Somehow skyrocket scenario is a case to case basis, and we can't predict it actually because it's really hard due to volatility.
Skyrocket or Dump market. Amazon wont tend to accept crypto yet there are lots of factors that they do need to consider if they had to.

Confirmation issues/Fees/Volatility/Legality etc. They would just stick out on their own traditional ways and would avoid things that they do see that can give
them some headaches.
hero member
Activity: 924
Merit: 502
The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 Wink. That's sure some good business.

Hopefully they'll able to gain more interest of accepting bitcoin when that time comes. But for now as bitcoin still in the recovery period and showing more signs of bull run, we can't expect them to incorporate this type of payment system. As of now let's just wait and see good results in the future to commence a better outcome. Somehow skyrocket scenario is a case to case basis, and we can't predict it actually because it's really hard due to volatility.
sr. member
Activity: 938
Merit: 250
They probably do not accept bitcoin due to regulatory and the volatility issues.
Yes, adoption by big companies will certainly increase adoption but at what cost? Can the governments allow them on "unregulated" currencies?
of course it's not as easy as we imagine. yes maybe they will look for ways to be able to use crypto if it is for their good, if it is true they also need arrangements so that online crime is not easy and things are not desired by the company.
hero member
Activity: 784
Merit: 502
I don't know there is nothing about implementation with the payments using Bitcoin is not considered by the Amazon so if they are officially announced only we can hundred percent trust this otherwise the possibility was very low right now to implement this process of payment method.
sr. member
Activity: 1274
Merit: 267
They probably do not accept bitcoin due to regulatory and the volatility issues.
Yes, adoption by big companies will certainly increase adoption but at what cost? Can the governments allow them on "unregulated" currencies?
In fact, there are few big companies that accepted Bitcoin. Look at recent news, Starbucks starts to use Bitcoin in their business. Regulation for some big countries are not that hard, they could quickly act to any new things in this world. But, Big companies don't need to rush because there are a lot of uncertainty in this crypto space, they need to ensure that everything will run smoothly and there will be no obstacle to face.
full member
Activity: 1092
Merit: 117
The global use and acceptance of bitcoin depends on some major platform such as Amazon and other marketing platforms but i think they would think of accepting bitcoin especiall when they see the price of bitcoin probably reaching over $20k. Imagine receiving bitcoin worth $500 and in a week time it rises to about $600 Wink. That's sure some good business.
But the same situation could be said about bitcoin price decreasing. Imagine receiving bitcoin worth 500$ this weeks and next week it's worth only 400$. Would you want to work with cryptocurrencies anymore after this happens? I don't really think so. Amazon has a reason why they are not accepting crypto and that's probably because there is not enough demand yet and they are afraid adding crypto to their platform will not help them that much.
Pages:
Jump to: