Topic: Will Amazon accept crypto if Bitcoin skyrocket again? - page 11. (Read 1217 times)
I think not only Amazon will accept bitcoin but also there will be another giant marketplace that accepts payments with bitcoin, although there are many pros and cons against Bitcoin but its users still enjoy using bitcoin because bitcoin transactions are easily cheap and efficient so it doesn't close if later many marketplaces accept payment with bitcoin because with Bitcoin all countries can make transactions easily and quickly faster than conventional bank transactions that require more costs.
The rising price is not a big factor for Amazon or any other big companies, they need a more stable and more efficient currency to used, and without the permit from the government the big companies couldn't adopt the crypto payment and they still not sure by adopting crypto could give them benefit, so we should take the adoption thing slowly when bitcoin become more stable I think the big companies will consider adopting it
If amazon wants to accept bitcoin, they do not need it to skyrocket first. That's not an excuse that bitcoin price is low so they cannot accept it as a payment method. The only thing which I feel they fear is the instability and lot of volatility which makes it not so favorite currency to accept the bitcoins.
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?
A lot of shores both online and offline accepted Bitcoin as payment but no one really know the reason behind amazon not accepting Bitcoin because they don't talk about it. Meanwhile, some of product owners, merchants and new project on amazon offer crypto payment so I think we shouldnt bother about amazon not accepting Bitcoin. Although, if they accept it will also evangelize Bitcoin 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?
The rising price is not a big factor for Amazon or any other big companies, they need a more stable and more efficient currency to used, and without the permit from the government the big companies couldn't adopt the crypto payment and they still not sure by adopting crypto could give them benefit, so we should take the adoption thing slowly when bitcoin become more stable I think the big companies will consider adopting it
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)?
No. Obviously, price will not be the only basis. We knew that AMZ has considered the idea of accepting Bitcoin as a payment option before and it was regardless of the price. I think people should adopt the use of cryptocurrencies first and companies will follow.
Let's say the number of AMZ customers who own and use crytocurrencies (esp. BTC) became higher and constantly growing, I think they can make a request to AMZ about accepting BTC. IMO most companies would like to know their customer's pov, the more customers who are in favour the higher chance of consideration.
Still, it's a good thing that Amazon adopt the technolgy, they use Blockchain on AWS.
This has been rumors since 2016 (IIRC) but I don't think that Amazon will join the crypto revolution. Until now it's just a rumor or I guess it's now a dream that will never come true.
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?
Probably not, it is just like how steam accepted cryptocurrency before on 2017 but stopped already after they noticed how fast the volatility changed and how miners fee rose too fast per transactions. That's why they have to stop using it before so probably Amazon is doing it too. Whatever their reason, I think they have to make constant changes if they have to accept cryptocurrency. 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?
Bigger price doesn’t mean its good because its getting too expensive and for sure Amazon knows that if bitcoin make a new peak, it will dump again and that is why its risky for them. If Amazon really wants to adopt, they will do it during the bear market because the value is very low and they can get higher profit when it rises again.
They don't have to do it because they are profiting indirectly by selling their gift cards for BTC and other cryptocurrencies. If some of the crypto funds end up being used to buy stuff on Amazon anyway there's no need to risk it and build whole infrastructure to provide direct crypto payments. If you're talking about crypto payments through a third party processor it's very likely they will add it as an option.
I do not think that Amazon will ever accept payments in cryptocurrencies, also because of the high volatilities of prices they have, which does not make customers confident in the purchase of goods and services on their site.
It is more likely that in the future Amazon could create its own cryptocurrency, if the market develops.
It is more likely that in the future Amazon could create its own cryptocurrency, if the market develops.
Bezos is already the richest man in the world, there i no need for him to change anything. People make extreme changes when there is a need to compete with other companies. However, amazon is already the top dog so they won't take bitcoin unless that changes
It doesn't matter how rich you are or how well a certain business is performing, you always have to look at every possible way to grow your revenue and profit streams, which Amazon has to do in order to please shareholders.The reality however is that Bitcoin can't even handle 1% of their volumes, which explains why there is no point in giving it a shot. To add, the speculative nature of Bitcoin makes people hold their coins instead of spending them.
If Amazon or any other similarly large scale business gets to a point it is interested in Bitcoin, it will come down to how LN is handling high transaction volumes. In a year or two it might be capable of that, right now it definitely isn't.
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.
It could be, but there are a lot of factors to consider before any services (big and small) starts to accept crypto as payment.
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?
As a business, you need to ask what incentives does your company will have to accept crypto? What risk, specially how volatile this market is. If the risk outweigh the benefits then its logical for businesses not to accept crypto at this moment. There are a lot of rumors before, even news about Paypal accepting crypto surfaces, but nothing concrete has come out.
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?
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?
During the time when Bitcoin price is at it's highest, Amazon already showed interest in it. But after that bullish time, there is no more news about Amazon adopting to accept Bitcoin as means of payment. I think they do some thorough research on whether or not they would accept Bitcoin as part of the currency to be accepted in their transactions.
Big players never work like this and companies like Amazon will never accept Bitcoin directly, let us have an example here, Amazon make sales for $100M in one day worth of Bitcoin only to find that Bitcoin price drop by %5 (which is 100% normal in Crypto space) now they find themselves down by %5 I don't think that will be an acceptable thing in big companies for big companies to start accepting Bitcoin there should be a way to instant liquidate Bitcoin or even liquidate it before paying by an integrated system with a major exchange that can allow that to happen.
Bezos is already the richest man in the world, there i no need for him to change anything. People make extreme changes when there is a need to compete with other companies. However, amazon is already the top dog so they won't take bitcoin unless that changes
Amazon getting engaged into all form of business will not directly get into the bitcoin adoption into the business. As few users suggested volatility is the one that makes the corporate people stand away from bitcoin usage into their business. Probably Amazon will start accepting payments in the form of bitcoin through an intermediary such as bitpay, which has been into this business long back itself.
The price doesn't matter to those companies, they don''t accept bitcoin directly because it's so volatile, there is actually a third party that convert bitcoin right away and send it to company as fiat. Amazon is giant company, they will receive huge requests if they accept bitcoin, plus they need your info to add it in their every day collected data, they don't support anonymity.
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?
The problem is not bitcoin price skyrocketing or not. It is essentially related to the volatility. Amazon/sellers/, if it will implement bitcoin payments, it has to adjust too many times daily the goods price which is not obvious. The solution is to use bitpay or an alternative method/exchange to let the customer paying directly with BTC but the main question : it worth the effort for the moment? We need more and more adoption of the blockchain technology first! 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?
Amazon use to accept bitcoin even when the price was below what we have presently till lately when their stop the acceptance of bitcoin as means of payment recently they reason is unknown but I believe in the nearest future their are going to redress they action and start accepting bitcoin again.
Most likely not, as there aren't any reason for Amazon to accept cryptocurrencies on its platform, and certainly they'd just use a third-party service to instantly convert crypto to fiat, which is another service they'd have to pay for if ever. Should they go the route of keeping coins as is, Amazon needs someone experienced to manage the wallets and rhe workarounds for general safekeeping which, again requires extra costs. So yeah, from a business POV, adding cryptocurrencies isn't viable even during a bull run which mostly lasts a for only a few months.
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