This may be a rumor,But does not hinder our discussion.
Amazon may soon allow users to pay in cryptocurrencies like BitcoinThe most important news today is Amazon’s focus on Bitcoin and other cryptocurrencies, and will accept Bitcoin payments at the end of the year.
Within a few hours of the news, the price of Bitcoin rose from 32,000 to 40,000.
So what difficulties will Amazon suffer from accepting Bitcoin?
1.btc must solve small retail transactions,it must also be a large number of small transactions.I don’t know which solution to use,Maybe the time node of accepting btc payment at the end of the year is to wait for Taproot to complete,maybe even plan to use the P2P trading model of centralized exchanges.
2.If Amazon wants to release its own cryptocurrency, it is likely to be suppressed by the United States. According to previous experience when Facebook planned to release libra, issuing its own cryptocurrency may be a restricted zone in the United States.(btw I feel the "richest man effect" continues)
3.Can U.S. regulators pass Amazon’s idea?They accepted Tesla's Bitcoin payment before.But, Amazon and Tesla are different. Tesla may have fewer customers and a single product. But Amazon’s customers are thousands of ordinary people.
So this is why the price is going up so rapidly, I knew there had to be a fundamental reason for this to happen, anyway if Amazon wants to accept payments in bitcoin they will have to use the lightning network as this is not the same as Tesla which is charging you a lot of money for their cars while in this case poeple are buying cheap stuff and they need low fees, also since Amazon saw what happened to Facebook I do not think they are going to make the same mistakes and will just accept bitcoin and finally I think the US regulators may allow it as long as you go through KYC to buy stuff in Amazon.