Amazon Is Preparing to Accept Cryptocurrency

[Celerity]

https://www.pcmag.com/news/amazon-is-preparing-to-accept-cryptocurrency

Amazon doesn't allow you to pay for orders using cryptocurrency. There are ways around that, but they won't be necessary for much longer as the company has confirmed it is gearing up to start accepting cryptocurrency as a valid form of payment.

As Tom's Hardware reports, the first sign this shift is happening was spotted via a new job listing. Amazon is looking to hire a Digital Currency and Blockchain Product Lead who will be tasked with using their "domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities."

It sounds like Amazon is thinking about adding a "Pay with Bitcoin" option to its shopping cart, and Business Insider confirmed Amazon is preparing to introduce cryptocurrency support, with a spokesperson saying:



snip


https://www.amazon.jobs/en/jobs/1644513/digital-currency-and-blockchain-product-lead

[Renew Deal]

1. I believe that China will be rolling out a digital currency soon.

And possibly others. Also, there is activity around currencies other than Bitcoin. They probably see this as a growing area.

[Celerity]

2. BezosCoin, lolol nt

[wyn borkins]

3. WorthyWordSmithing

Thank you for (your) BezosCoin, as it made me smile financially even before my first coffee of the day.

[Celerity]

4. they gave these out in 2013 (non-crypto of course)

[DFW]

5. They won't be getting any of it from me

First, I haven’t ordered enough stuff from Amazon in my life cumulatively to make the cost of a single Bitcoin at today’s level.

Second, as someone who lives and works in several currencies, even the minor Euro/Dollar fluctuations causes me occasional headaches. How the hell does one either follow or accept payments in a currency that has gone between $50,000 to $4,000 within the last five years?

[Celerity]

7. Bitcoin is extremely divisible, you do not have to spend the full value of one

The smallest unit of Bitcoin is called “a Satoshi” which is exactly one hundred millionth of a single bitcoin (0.00000001 BTC).

[Happy Hoosier]

8. How many people actually use it as currency?

Not bloody many. Most folks hold it as an "investment" asset. They hope it will be worth more in the future (in terms of "real" money).

[Celerity]

9. I was only addressing the poster's apparent assumption that he had to spend a full Bitcoin nt

[Thyla]

10. Excellent news

More mass adoption is what is needed.

[Lettuce Be]

12. Apparently no one is aware the IRS considers cryptocurrency as an investment and you must declare

ALL transactions on your taxes. So good luck with that if you're using it to buy crap.