Post
Topic
Board Speculation
Re: 2014: The Worst Year for BTC?
by
naztykoyn
on 24/09/2014, 14:48:52 UTC
Year's not over folks!  (Tips cap to Paypal)

Year's not over.  Still got 3 months to make something miraculous happen!

Come on Amazon.  Come on Google.  Need another major player to light the moon rocket.

We just got another major player

I don't think bitcoin has the necessary infrastructure to handle Amazon yet.  The amount of volume that Amazon does - even if bitcoin captured 0.1% of their orders, which is unlikely, it'd be a massive amount of orders.  For a player the size of Amazon to adopt bitcoin, they'd need one of two things: either a proper hedging platform so that they could hedge away the massive price fluctuations of bitcoin, or a widespread enough bitcoin adoptions that they could hold bitcoin directly and pay their suppliers with bitcoin instead of dollars.  I'd prefer option two, personally, but we're many years away from THAT widespread an adoption of bitcoin.

It takes time to build the infrastructure. Paypal has teamed up with 3 major BTC payment processors. That will help the infrastructure and adoption. Slowly we are getting there.

Right now, there is not yet any feedback about this.. Let us just wait..