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)?
I don't think big companies will risk a big amount of their funds with bitcoin knowing that it is a speculative asset. Amazon surely has thought of the pros and cons of accepting bitcoin as a mode of payment. They know that bitcoin is volatile and certainly, they won't allow losses because of the volatility rate. Maybe they already thought of some way to avoid the big risk and pass it onto the consumers/buyers.
I think the effect it will have on bitcoin will be on the positive side because it will generate more investors in the making. Maybe bitcoin's price will also go up because of the demand. I just really hope there is no hidden agenda that could damage btc in the long run.