Post
Topic
Board Bitcoin Discussion
Re: Why is Amazon.com still resisting the use of BTC for payment?
by
SmartIphone
on 13/08/2016, 15:12:11 UTC
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?

Bitcoin price isn't stable and this may be one of the reason because if the price was $650 and suddenly within few hours drops to 500 or lower (which already happened this week) then where is the profit for the amazon?
We are talking for millions of dollars which amazon could risk but could also profit if the bitcoin price increases.

Exactly! Partially I understand amazon in that that they do not want to risk but as we all know only those who take risks win big in the end. But yeah, you might lose in the end too, so ... It's up to them. But I think those who will accept risks associated with Bitcoin will be in profit in the long run.

Another reason for this is that amazon should hire new people that have knowledge about cryptocurrencies and bitcoin, how the blockchain works, how to troubleshoot with their clients because people will get sucks making payments through bitcoin.