This is another good news as Bitcoin adoption is increasing year after year, there has never been a direct means to use Bitcoin as payment on Amazon, but there will be changes even before the end of the year. Amazon is already planning to add Bitcoin to its payment method, it was said that the directive is coming from the Amazon president, Jeff Bazos.
“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” she told City AM.
“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”
The insider also explained that directors of the world’s fourth largest company were keen to move towards ticking off other big cryptocurrencies once it had established a fast and secure method of Bitcoin payment.
Bitcoin adoption is certainly a good thing in the cryptocurrency community. Hence, this kind of news is a breath of fresh air. I already read several posts regarding bitcoin adoption as one of the modes of payment by Amazon later this year and it's really exciting to see what the market would be after this becomes official. I think bitcoin's price will be positively affected if ever there will be more investors that will be encouraged to invest more and enter crypto the moment the official release of bitcoin as a MOP in Amazon took place.
Bitcoin users will definitely be glad as well because this will benefit our community. The more investors there will be, the more our community will be at advantage. This will also serve as great news to the bitcoin users that want to transat using their btc in online shopping. This way, they have an alternative if ever they ran out of cash in their e-wallets or bank accounts.