I came through a post here
https://bitcointalk.org/index.php?topic=5351319.msg57557132#msg57557132And it says that will Amazon adopt btc or not till specified date there.
A question struck my head.
Do such companies need it?
I am not against Amazon or any other big tech names, but as we understand it, Tesla and others have came in crypto to make profits by holding it. But companies like PayPal and Amazon settle millions of dollars on a daily basis sent to their vendors who sell products there successfully. If taken into consideration, then these companies accepting btc will be offering it to users just for their convenience but can't store btc for a long period of time, which means that much btc will be coming back to either exchanges or sold through OTC on a daily basis to settle their deals with vendors quick. Is such an adoption going to harm the overall value of bitcoins if sales will take place through big companies (not Tesla and all who are here for profit)?
While they have since denied that they will be getting involved in Bitcoin (maybe they have their sights on a different cryptocurrency?) it seems that the blockchain itself could serve very many useful purposes for a gigantic logistics and warehousing operation. If they were to follow the Paypal model it is actually a rather cunning way to profit and control a large amount of cryptocurrency which is all funded by your customers. They get to fix the conversion rate back into fiat and they can also set transaction fees. On top of that they can potentially eliminate paying card network provides like Visa or American Express, which could further boost their margins.