Post
Topic
Board Bitcoin Discussion
Re: Amazon is looking to accept Bitcoin payments by the end of the year
by
Fortify
on 26/07/2021, 18:09:20 UTC
Can be of interest:

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider:

https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/

Anything involving Amazon is definitely going to move a market as they are the most profitable online retailer in the world, so it is possible there could be more upside once they make some sort of official announcement on the subject. They would probably prefer to keep it low key so it feels like a bit of a slip-up for them to disclose the information in such a way. I have a feeling that they will build up an enclosed ecosystem like we've seen at Paypal, where people can pre-purchase and store Bitcoin internally within their systems. After that they can profit from internal transactions that are essentially free compared to paying a small cut to payment networks like Visa or Mastercard.