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)?
This is a pretty interesting topic and one I've not seen brought up before so glad that you did. I think it really depends on the company itself. My personal feelings are that Amazon, if there were to eventually start excepting bitcoin and or other cryptocurrencies, would likely keep some and sell some. Amazon is always looking for ways to make more money and expand it's assets, so like Tesla, I could easily see them doing a mix of selling and storing.