Post
Topic
Board Bitcoin Discussion
Re: What is the reason Amazon hasn't adopted Bitcoin?
by
target
on 19/06/2019, 17:44:45 UTC

Part of the Amazon revolution is the shrinking of the earth, which means people can buy products internationally at lower prices and send them in a short time.

As is well known, Amazon only supports payments through FIAT currencies and traditional banks, this can slow down the payment process and means that merchants are charged. But using Bitcoin will erase, both of these problems.

In addition, the use of Bitcoin will also allow Bitcoin investors to access the giant platform wherever they are.

Problems that hinder the adoption of Bitcoin

The problem here is because of the lack of regulation around Bitcoin, not because Amazon is afraid of Bitcoin or because they are afraid of a lack of regulation, but this seems to be an Amazon case that is too big to adopt a product that can eventually fail.
Well, firstly, Amazon is not always as international as it may seem. I had multiple times when I wanted to buy something from Amazon, but the shipping was limited to the US area or something. Moreover, their shipments can be very costly, and it adds a solid sum above the thing you buy (especially if you want to buy something not very expensive, like a book. As for why Amazon doesn't adopt Bitcoin - I think Amazon is supporting the traditional financial system and vice versa, you know. Accepting Bitcoin is accepting decentralization, supporting financial freedom and dealing with volatility. Plus, it's probably getting into conflicts with banks and other fiat-related institutions, because Bitcoin is the enemy for them.

Yep, I doesn't ship in my country. I have to go to alibaba to buy something that can actually reach my doorstep yet even them doesn't alway allow it. The first time I go into AMAZON they were only selling online book but they have grown so much and I can already find computer accessories, they always extend to new ideas which is why its surprising, facebook lead the way to make crypto more popular.

When regularization of crypto will be done, I guess we can expect Amazon to also create their own coin.