Crypto Amazon plan to adopt bitcoin as payment

[Lens1000]

Amazon, the e-commerce giant planned to integrate bitcoin as one of its payment options. This project is already sealed by the management and its is expected to kick-start by the end of 2021

The e-commerce bigwig plan to launch its native token. However, the name of the proposed token is not known yet. This project is being discussed and it is in the experimental stage. This will allow the company tackle the deficit that would come with the cryptocurrency adoption

This became pertinent because the competitors in the e- commerce industry have started accepting the cryptocurrency as payment for goods and services purchased. The transaction done via this means is fast and very secured

How do you see this move?

 

[Mika]

Amazon has clarified that it does not have any plans to use bitcoin as a payment option on its platform. The news of Amazon adopting bitcoin was fake. However, the one who spread this news was successful in moving bitcoin and all other major crypto currencies upward. Fake news like this is detrimental to the crypto market in the long run.

 

[minenovo]

Is there any information what exactly they are planning to do?

 

[Alexandoy]

Some people are really fond of spreading plans on crypto coin that mostly are just rumors. Why would a business turn to Bitcoin for the payments? If the business is doing good with US dollars for payment then things would be simple. Using a crypto coin for payment would involve a huge expense on their accounting system. That is insane.

 

[Sheeeesh69]

I merely because it is in appreciating asset. Fiat currencies don’t appreciate. A company can hold a large amount bitcoin long term