Quote from: lixer on July 28, 2018, 06:43:30 AM

Quote from: johnmartinda on July 16, 2018, 08:34:52 AM

There was a rumour that amazon is going to start using bitcoin and provide bitcoins for sale also.

I heard about the rumor and I think this is not going to happen. Amazaon might not accept Bitcoin as mode of transaction because we have a constant fluctuation in the value of Bitcoin and no cpmpany will actually like their assets to be in an uncertain position. However Amazon can invest in Bitcoin like Facebook is planning to go for investing in Bitcoin.

Once bitcoin becomes more affordable for transactions, they might want to get into it. It's not quite at that level yet but has the potential to reach it once the network becomes refined. Lightening is a big step forwards, and also with the establishment of 5G and faster mobiles there is a potential for mobile mining as well, which would also drastically speed up the transactions, and therefore make it more appealing to retail giants.

Amazon might also see it like a commodity. I heard that Amazon India sells gold online, so why not bitcoin? Where there's a market, there's Amazon. And they're pretty tech-savvy. They've got the most powerful cloud platform in the world right now.