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)?
Companies are created for one single purpose which is to make money, do we beleive that bitcoin is going to be profitable during the next decades? If the answer is yes then many companies are going to adopt bitcoin to try to obtain profits that way, I do not think it is worth to consider if this is going to be beneficial to bitcoin or not as this is inevitable, anyone can buy bitcoin as long as they have fiat money available and if those companies want to buy it then there is no way to stop them.