Topic: Will Amazon accept crypto if Bitcoin skyrocket again? - page 7. (Read 1258 times)

Ive heared a rumor before that amazon is planning to accept bitcoin . idk if that was true or they already take actions to implement it because i didnt access their web page yet .  they arent bother with price unstability because bitcoin is built this way  .  the price cannot be stable forever as the demand and supply will move  .

What merchants are waiting is the adoption  . if all people will recognize cryptos   . thats the time that they wont doubt using it as their official payment gateway  .

As long as Bitcoins price is so unstable, Amazon will certainly not start accepting Bitcoin. Surely it will take a long time until we can pay with Bitcoin on Amazon. The acceptance of crypto must still grow worldwide before it can be achieved. Only when this happens and the market is big enough, Amazon will jump on the crypto train, i am pretty sure. 

I strongly agree with your statement because I am sure they must have a sales strategy to be able to get the most from Bitcoin and it should be a good time to collect as much bitcoin as they can because the price is very cheap

Let's assume for a moment that it's not the volatility of BTC that is holding Amazon back.

What do you think the other reasons may be?

Perhaps there are two obstacles that have Amazon exercising restraint:

1. BTC is not anonymous. If BTC became their primary means of payment, then for the first time the whole world and all of Amazon's competitors (whoever they are) will see their true earnings. This is of great significance to any competitor. Yes Amazon has to declare earnings every year, but BTC earnings are a whole different ballgame: it is true earnings on the most granular level (down to the actual transaction!) which can then filter up to an annual earnings report so one can't lie about what the earnings are, one can't repudiate the earnings in any way and one can't hide what one does not want others to see.

2. BTC simply cannot hold a candle right now to the scale at which Amazon is processing payments. I love Bitcoin. I truly do, we know it's the future but it's just not ready for the big leagues; or Amazon's league. Yes Lightning Network is out there, but it has yet to mature and prove itself worthy of processing payments at the level Amazon is running at, which is surely in the three and four figures per second. Yes I know the theory but have yet to see it in practice. Perhaps I am missing something though? Is lightning network demonstrably up to par with the kind of performance that Amazon would expect it to run at? Can it provably (not theoretically) sustain those kinds of numbers, not just in throughput but in holding that kind of liquidity?

They do not have to want to take it. Just when other large companies and corporations start accepting cryptocurrency, others will start accepting them, under the pressure of the hype.

indeed because of the constraints that the price of bitcoin is still not stable like gold. so it's likely that someday Amazon will definitely want to adopt bitcoin when the price of bitcoin is stable

This will only happen if the price stabilizes. And for this you need to adjust it at the legislative level. As long as it is adjusted, not a little time will pass, and then also to give people confidence, too, time is needed.

I don't think so ya they may introduce Amazon voucher inbuilt exchange for crypto but direct payment I don't think so,they already have big user base and they super profitable ,I don't think they gamble with profit,even if we consider that Amazon is interested in crypto then they might introduce their own to take gamble bcz they will become major holder.

Although the development of technology is increasingly widespread and sophisticated, I think Amazon will not take this risk, the possibility of bitcoin payments is only temporary which will then be exchanged with the system itself to avoid losses.

I don't think it will...
Amazon is a company which earns from the operation activity and shares price. It is not an investing company, so they are unlikely to accept Bitcoin

We don't know how big the effect is, but I'm sure it will affect demand. Because certainly people will see "what bitcoin payments really are?" and many of them are interested in trying it, more and more merchants that accept bitcoin like Amazon, eBay, Alibaba and etc. certainly will have a big influence on bitcoin and crypto

I don't think it will be decentralized if they will create their token. They will have control to the supply of it and that wouldn't declare it as something decentralize. What's the right term would be, they adopted blockchain and crypto. We can call that coin or token crypto which shall be produced by them but it's not going to be fully decentralized. Amazon's a big name and it will become a game changer and shall add confidence to the people that aren't aware of crypto's.

I think that this would have a very positive effect on the development and cost of cryptocurrency. This would be a more significant event than Bakkt and ETF. In the current situation, Amazon offers almost everything a person needs for a home. Of course, it is not yet widely distributed throughout the world, but in the USA and Western European countries it occupies a significant part of retail. But unfortunately, the adoption of the Amazon cryptocurrency will occur only when the cryptocurrency will already be used in many areas of life. Typically, large companies are very cautious about such decisions and this is unlikely to happen quickly.

I think Amazon will one day take the risk of trying it out but not going to happen with the current situation. They always look for ways to make easy payments from their customers so people all around the world can access products from their home and one of the major things which come into play is payment methods or we can say different currencies which can easily be resolved by virtual currencies. It will be a big step towards the digital market and they are not gonna miss it they are just waiting for the right time.

I think they are not that stupid to make such a decision, they know that this bitcoin is very volatile so they might avoid it. We ourselves have seen all investors who are now somehow reported to have bought at its ATH and then compared to the current situation. I don't think Amazon will take that risk.
They will not play short and will not take long-term risks

That's right and I'm sure if Amazon will definitely want to accept Bitcoin again for transaction tools, because right now what is still a problem is time. because we don't know when bitcoin and other crypto rocketed again in value

You imagine you have a lot of billion-dollar company, and your billions are always in operation and in circulation, and here you start working with bitcoin, you will not be able to receive bitcoins from customers and immediately translate them into dollars on the exchange, of course not. And here you have by the end of the year gathered bitcoins 300 million, and the price of bitcoin as collapsed to the bottom and you have 300 000 dollars left. The question will you work with bitcoin??? Of course not.

- Well sometimes it's just a matter of time but sometimes time can't solve that problem because although bitcoin is developing very well, many businesses have begun to accept and want to use it as a payment method but the government has always said no to this issue, they even have other strict bans and do not allow the use of bitcoin, bitcoin or crypto is difficult to overcome this challenge. In addition, the value of crypto and bitcoin is changing so quickly, becoming a payment method is really very complicated, most likely amazon will not accept

There is a lot of wishful thinking when it comes to Bitcoin acceptance.

There are people who are looking at numbers and how it can affect
the Bitcoin price and in turn how that price can be pushed to the moon
and beyond. Those people are looking at the likes of Alibaba and
Amazon and are waiting for the day the two big players decide to
accept Bitcoin payments because they associate buying goods online
on these mega sites with vast wealth for themselves and supposedly
the value of Bitcoin will rise as a result, I don't see it.

If Amazon accepts Bitcoin the only people who would use it are existing
customers of Amazon who happen to have Bitcoin and are willing to
part with it.

Accepting Bitcoin as a means of payment by big businesses globally will happen soon. It is just a matter of time. I will not be surprised if they create their own cryptocurrencies Amazon inclusive