Will Amazon accept crypto if Bitcoin skyrocket again? - page 8.

Fabienne_ayy

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Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 amazon won't accept BTC in near future cause they may develop their own cryptocurrency opening up a lot of opportunities for them

nur rochid

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Quote from: blockman on February 06, 2019, 01:29:56 AM

It's a fact to push the market demand's to go to the top again is through having a massive adoption. And Amazon's acceptance of bitcoin would definitely give that increase that everyone is thinking of. There's a rumor posted by CZ on his twitter that Amazon is likely to create their very own token and that will be surely used by their customers who are into crypto and will give it a try for most. As long as there's adoption it will trigger the market to become better again.

even though they made their own tokens, at least they had entered a decentralized system, so this would be good for the development of bitcoin. and that is what we hope for, because amozon has traveled the world

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It's a fact to push the market demand's to go to the top again is through having a massive adoption. And Amazon's acceptance of bitcoin would definitely give that increase that everyone is thinking of. There's a rumor posted by CZ on his twitter that Amazon is likely to create their very own token and that will be surely used by their customers who are into crypto and will give it a try for most. As long as there's adoption it will trigger the market to become better again.

o_e_l_e_o

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Quote from: g-uid on February 05, 2019, 09:24:34 PM

How much do you think they lose to Visa/Mastercard every single time a credit card is used?

It's a good question, and I would be interested to know if anyone can provide a factual answer. Most credit card processing fees are in the region of 1-2% per transaction, but I suspect Amazon will have negotiated a better deal than that with many providers given their market dominance.

Absolutely crypto provides a clear advantage here. I'm not saying that Amazon will never accept crypto, only that obviously they don't yet think that the cost of setup is worth the benefits they would gain, otherwise they would have done it already or at least be moving in that direction.

g-uid

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Quote from: o_e_l_e_o on January 25, 2019, 12:35:23 PM

What do Amazon have to gain by accepting cryptocurrency?

How much do you think they lose to Visa/Mastercard every single time a credit card is used?

btc_angela

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Quote from: Adhichan on February 05, 2019, 08:42:18 PM

Quote from: coinluisa on February 05, 2019, 06:21:46 PM

Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 that this some company or online shop like Amazon will open that but of course there's some things to be considered before that happen. We all know that there's so many merchants now accept bitcoin as a payment and I think Amazon will be open for that too.

merchants adoption could help bitcoin price movement.it make investors become more confidence about bitcoin usage in our life.but this is not the only reason , there are many reason that could support bitcoin and altcoin price.

Of course if will definitely help the price in a positive way. Amazon is the biggest whale there is, and if by chance they accept bitcoin in the future then it will be a big price boost. Amazon customers will easily buy bitcoins to be able to transact with it and the net effect will be big. But for know, we haven't heard anything from the company, but it doesn't mean they will not go for it, so we will have to wait and see.

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Quote from: coinluisa on February 05, 2019, 06:21:46 PM

Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 that this some company or online shop like Amazon will open that but of course there's some things to be considered before that happen. We all know that there's so many merchants now accept bitcoin as a payment and I think Amazon will be open for that too.

merchants adoption could help bitcoin price movement.it make investors become more confidence about bitcoin usage in our life.but this is not the only reason , there are many reason that could support bitcoin and altcoin price.

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Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 that this some company or online shop like Amazon will open that but of course there's some things to be considered before that happen. We all know that there's so many merchants now accept bitcoin as a payment and I think Amazon will be open for that too.

BitHodler

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Quote from: darewaller on February 05, 2019, 12:53:58 PM

For bitcoin to be accepted all we need is amazon having assurance from government that its fine to accept it.

Nope. Every business is free to accept Bitcoin either 'physically' or through a payment gateway (latter option is more likely). Accepting Bitcoin through a payment gateway also allows you to ignore the volatility.

Quote from: darewaller on February 05, 2019, 12:53:58 PM

Plus maybe they will have their own blockchain crypto currency? Wouldn't be really that difficult to do if they want to.

Having your own crypto currency doesn't say much. Accepting Bitcoin and potentially other crypto currencies will make sure that your business will attract a new group of users, especially in case of Amazon.

I'm sure that there are tens of thousands of crypto enthusiasts eagerly waiting for Amazon to hop on board, and they will all rush to buy goods. Imagine how much volume they would generate during a bull run....

goaldigger

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Even it did not went to the moon, im sure amazon will accept bitcoin soon. As the global growth of bitcoin increases, im sure Amazon are aware that this thing is existing. Maybe they still study on how can they handle crypto investment thats why they still not accept it.

darewaller

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I doubt he will sell any shares to pay his wife, usually people like that just keep on paying monthly money instead of one big huge money, he will pay a big money all at once at start but not big enough to sell a part of his company. Instead of paying like 20 billion now and done with it, he will be paying probably like a billion now and 50 million forever type of deal.

He will also have lawyers that will try to find a reason to not pay at all costs, that is how rich people divorces happen, they try to find a way to not pay at all. Some do find a reason and some don't but all look for it. However that will not affect amazon at all, not even a bit.

For bitcoin to be accepted all we need is amazon having assurance from government that its fine to accept it. Plus maybe they will have their own blockchain crypto currency? Wouldn't be really that difficult to do if they want to.

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Quote from: akram143 on February 04, 2019, 08:45:25 PM

Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 possibilities are always be there for the Amazon to accept Bitcoin as their part of income because the development of Amazon will definitely need the support of Bitcoin also if the Bitcoin being to the normal position then the possibility of acceptance will definitely possible for online products.

of course they have to keep up with the times, moreover they are big companies. it is likely that they are targeting bitcoiner consumers. moreover, in the country the company has fully recognized bitcoin, so of course it will be easier for them to accept it as a means of payment

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Quote from: LeGaulois on February 04, 2019, 12:42:58 PM

Don't know if you're aware guys but WorldFirst closed its business last week, there are a lot of sellers on Amazon who rely on it (the medium and marge sellers). Binance CEO said Amazon won't have the choice to accept BTC.

Why Amazon would issue a new currency to its system, do you think It's its job to find an alternative for its sellers? Heel no. Amazon doesn't care the company is so big

I wasn’t aware that WorldFirst shut down it’s business, this could be an opportunity for them to consider uisng bitcoins as a payment system. While there’re probalities that if Amazon wants it can create it’s own crypto, but won’t it be open to manipulation by them and I’m preety sure sellers will resist this. I believe the faith of bitcoins being accepted rests on Sec clearing Bitcoins Etfs as and when they’re filed again, till then don’t expect them to start using it.

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Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 possibilities are always be there for the Amazon to accept Bitcoin as their part of income because the development of Amazon will definitely need the support of Bitcoin also if the Bitcoin being to the normal position then the possibility of acceptance will definitely possible for online products.

Reid

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Yes, merchants acceptance will really give a big blow to the market price of bitcoin and Amazon is one of those huge merchants out there.
There is one problem though. Amazon wont let it happen. I doubt they will ever do.
They are so successful by now that it might just be one reason for them to go down. The volatility of bitcoin makes them scared of it.
They dont want risk. Safety is better.

Chikitita2004

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No. I don't believe that they are not treating cryptocurrency seriously, they do and they believe too but because they also know the feature of bitcoin being too volatile so I believe this is the reason why until now they are still not counting on it as a mean of payment. They know that in a moment it can be good to their business and in another moment can be a disaster too.

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Don't know if you're aware guys but WorldFirst closed its business last week, there are a lot of sellers on Amazon who rely on it (the medium and marge sellers). Binance CEO said Amazon won't have the choice to accept BTC.

Why Amazon would issue a new currency to its system, do you think It's its job to find an alternative for its sellers? Heel no. Amazon doesn't care the company is so big

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In this time i don't think Amazon will integrate bitcoin or any crypto again because The price of bitcoin is more volatile than the price of many other government currencies accepted by Amazon so there could be some challenge in pricing products.

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Quote from: vixcious on February 04, 2019, 07:38:38 AM

Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 it would be a bad strategy to wait for the price of Bitcoin to rise again. Large businesses are gradually gathering more bitcoin by selling their products. Car businesses, e-commerce businesses, pizza shops, services, ...
There are a lot of businesses who want to participate in the electronic money market to experience. It will definitely be the trend of the future.

We are currently moving on for another huge market development were it is very applicable for this new generation. Digital adoption will seems to be in demand as we look for better service and for the comfort of everyone.
That's why some big companies will have to look on these so they can cater a huge volume of costumers quite easy for them.

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Quote from: stuffokator on January 25, 2019, 07:40:37 AM

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 it would be a bad strategy to wait for the price of Bitcoin to rise again. Large businesses are gradually gathering more bitcoin by selling their products. Car businesses, e-commerce businesses, pizza shops, services, ...
There are a lot of businesses who want to participate in the electronic money market to experience. It will definitely be the trend of the future.

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