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)?
Unfortunately, Amazon released a statement that they are not going to regulate the use of crypto as a mode of payment for their company. Nevertheless, for sure there are still a lot from us who are hoping and who are aware that there will always be a possibility that crypto will get involved on such huge companies. It would've been a great help specially in terms of bitcoin's price if only the rumors were true. Amazon is one of the top five biggest company in the States so just imagine how much impact and influence it could give to crypto wherein other huge companies would have the courage to do the same thing till almost every company in the world uses crypto.