Post
Topic
Board Bitcoin Discussion
Re: Why is Amazon.com still resisting the use of BTC for payment?
by
Pursuer
on 07/08/2016, 13:07:56 UTC
The only way Amazon would accept BTC would be to exchange it to FIAT immediately, these big organisations are not interested in Bitcoin or other coins mass global adoption (yet), but as a form or redeemable payment, then quite possibly yes - but what it would take to persuade these guys, who knows. Oh, and Steam accepting BTC? They do not hold the coin but instead exchange it for FIAT as above. Maybe this is because of the volatile market so as a fear of losing funds, or maybe a deeper esoteric reasoning... #BankingSystem

it doesn't matter to us the users, what they are going to do with the bitcoin they receive as long as they receive it. they can even do it easily using the bitpay bitcoin payment system, they do the conversion themselves and receive bitcoin and give the merchant money equivalent of it.