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Re: Predict the Date: When will Amazon accept Bitcoin ?
by
hilariousandco
on 29/12/2013, 16:58:06 UTC
No corporatecoin would ever be accepted by the masses or the media; not even Amazoncoin.  After Overstock adopts btc, it is likely other retailers will follow.  Another thread could be started on when Ebay/Paypal will accept.  Bitcoin takes profit away from them so, actually more unlikely for EBay than Amazon.   However, Online Retailers save money by using Bitcoin- - - No 1.5% payment to process creditcard plastic fees.  This is big money & this is why online retailers will adopt someday.

Corporatecoins may be used for individual sites as they try cash in on the trend, but I can't see their mass appeal.

Hopefully Overstock's dealings in BTC will be a successful one and more will follow suit. I really think Bitcoins future depends on some big merchants successfully getting behind it.

Ebay/paypal could still utilise Bitcoin, they just need to build it into their system and take a cut automatically. I think ebay should build its own marketplace as there's obviously demand for this.