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Topic: Will Amazon accept crypto if Bitcoin skyrocket again? - page 10. (Read 1217 times)

newbie
Activity: 51
Merit: 0
I don't know, but it seems to me that it must happen. Amazon is a very modern company, they always occupy a leading position in the market. I think they are waiting for the beginning of the price increase, waiting for what happens next. If bitcoin shows itself at its best, then bitcoin will be another way to pay.
legendary
Activity: 1316
Merit: 1004
FRX: Ferocious Alpha
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 can't understand why you are making correlations between Amazon Bitcoin adoption and new Bitcoin ATH.

I think the main reason is volatility. Imagine you are in US, having US drivers, US warehouse, US employees and US clients, paying you with US Dollars. Then you use those US Dollars to pay all the the stuff in the line and take the margin (1%-15%). Now imagine your clients paying you with Bitcoin and the price clashes with 5% until your driver leave the warehouse?  

And why will Amazon need Bitcoin anyway? To attract a fraction of the percent as new clients? Because I'm using crypto, but I'm also using Amazon with old fashion fiat money. I'm not a target.
full member
Activity: 686
Merit: 104
It could be because Amazon is the biggest market today, and as the biggest market, of course Amazon always needs high credibility, and if the price of Bitcoin soars and is used by many people, surely Amazon is ready to accept it.
hero member
Activity: 1071
Merit: 500
We'll see that day which Amazon accepts payments in bitcoin but we need to wait for a while because companies like Amazon must obey some strict rules which are dictated by goverments. If only Amazon has right to decide on this issue, they had already started accepting bitcoin payments until now. I meant that adoption of bitcoin doesn't only depend on its price.
sr. member
Activity: 750
Merit: 252
Amazon  is such a big company and everything is about profit. Being able to make a huge one is in their interest. It is wonderful when you can earn a lot and accepting bitcoin as a payment method at this moment maybe could give good income but only if the price of bitcoin increase. Since we, or they don`t know that for sure, to implement it as a payment method is risky cause, as the price can go up, the same way it could go down and that`s where making profit is in question. So far, everything is going just great, why change it at all...
member
Activity: 546
Merit: 32
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?

in my opinion crypto adoption which began to spread now has indeed become better than before but this is also not a sign as a guarantee for market recover. Amazon only has a small impact on the size of the crypto market so that in my opinion it would be impossible if you wished the market could rise in the short term

Yes the possibility of accepting the cryptocurrency for a product in an online will be more less than here in this situation so accepting Bitcoin will be good idea but most of the sites still not support yes the possibility of accepting the cryptic currency for a product in an online will be more liston here in this situation so accepting with Kyle really good idea but most of the site did not support that implemented buying and selling products for cryptocurrency.
member
Activity: 364
Merit: 10
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?

in my opinion crypto adoption which began to spread now has indeed become better than before but this is also not a sign as a guarantee for market recover. Amazon only has a small impact on the size of the crypto market so that in my opinion it would be impossible if you wished the market could rise in the short term
full member
Activity: 560
Merit: 145
I think bitcoin is more suitable for payment as a service, if it is used for marketplace payments like Amazon, the possibility of a transaction queue will be longer unless they implement a lightning network system. Right now I feel that bitcoin is not good to use as a payment, I prefer to save bitcoin and pay shopping bills using fiat for now. unless later there is a change or development of bitcoin to make it faster to make massive transactions.
hero member
Activity: 1134
Merit: 500
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?
You are right, a giant like Amazon could change the facts but to encourage them to accept cryptocurrency the market has to lower the volatility, i think this is the main reason why many people don't accept bitcoin for example for payments.
newbie
Activity: 32
Merit: 0
How many times do not say and all the same. It's not a matter of appreciating or falling. The whole point of stability (it is not) currency. Until she stabilizes, she will not accept her.
hero member
Activity: 1120
Merit: 554
I doubt it, Amazon would have already accepted bitcoin if they were ever going to.  It makes more sense for Amazon to create their own currency and allow customers to pay with it.  Bitcoin wouldn't even be able to handle that many transactions per second if a large portion of customers shifted over to crypto.
jr. member
Activity: 462
Merit: 2
Now and now, Amazon is familiar with and supports two cryptocurrency such as Bitcoin and Ethereum which it supports maybe if all markets are stable most likely Amazon also adopts more examples of coins, Ripple icons, and others.
full member
Activity: 1050
Merit: 100
I heard that amazon already accepted bitcoin as the payment method. If the price of the bitcoin increase again it will have for sure there is a lot of shopping online website will accept bitcoin as payment method also because they will see the good purpose of having bitcoin because it can help to their shopping to get more customer and also to promote bitcoin.
besides that, I think with the increasing number of governments legalizing bitcoin, there will be more and more online stores that facilitate payments using btc. because it can foster people's trust
hero member
Activity: 1834
Merit: 523
I heard that amazon already accepted bitcoin as the payment method. If the price of the bitcoin increase again it will have for sure there is a lot of shopping online website will accept bitcoin as payment method also because they will see the good purpose of having bitcoin because it can help to their shopping to get more customer and also to promote bitcoin.
copper member
Activity: 196
Merit: 0
I don't think that's a good choice, the price of bitcoin is not good for being a currency that can be used for shopping. It would be better if you use coin like USDT or another stablecoin , bitcoin will never accepted by amazon.
full member
Activity: 686
Merit: 108
Will any customer pay 10$ fee for book what cost 20$
There are chance and hopes that big merchant will accept bitcoin through Bakkt system
I have been reading that even Starbucks sign with  Bakkt
It is why Bakkt can be so much important for bitcoin
That time bitcoin can be finally in mass use
And now all that effort experiencing delays because of shutdown
I heard that too and this is why many believes BAKKT should really implent as soon as possible so we can see the pump again. If big companies like Amazon accept cryptocurrency, this is a real big move and for sure other businesses will adopt and many more in the future.
Pab
legendary
Activity: 1862
Merit: 1012
Will any customer pay 10$ fee for book what cost 20$
There are chance and hopes that big merchant will accept bitcoin through Bakkt system
I have been reading that even Starbucks sign with  Bakkt
It is why Bakkt can be so much important for bitcoin
That time bitcoin can be finally in mass use
And now all that effort experiencing delays because of shutdown
legendary
Activity: 2380
Merit: 1343
While i think amazon accepting bitcoin is a positive thing, the FIAT value
wouldnt be a reason for them to make the choice to initiate it as a
payment option for customers.

I think the way they look at it is while most people are happy to shop with
FIAT those same people are not going to buy bitcoin to shop on amazon,
its an extra step in the shopping process, a pointless one.
member
Activity: 1106
Merit: 11
Crypto in my Blood
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 can't see any restriction to accept the bitcoin payment for Amazon, but Yes, it could take more sometimes. We know this very bad time passing at this moment for crypto but it happened many times before and it had recovered. so we should wait for that. One Bitcoin will be the best and most popular payment method all over the world.
member
Activity: 980
Merit: 62
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?

If Bitcoin will rise in value again, I think that big enterprises like Amazon will start building their own cryptocurrency (it can be used as a loyalty program reward). There is no point of integrating Bitcoin in their systems. The only reason I can think of, is to just make their clients familiar with cryptocurrencies before giving them the option of AmazonCoin.
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