Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

‘Amazon Accepts Bitcoin’ – A Dream to Come True?

by Abdulla Al-Fadhala
November 15, 2018
in HodlX
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

HodlX Guest Post  Submit Your Post
 

As of November 2018, Amazon.com still does not accept Bitcoin or other cryptocurrencies as a payment method. Bitcoin is known as the world’s largest digital currency valued at over $5,500 per Bitcoin and with a market capitalization of just under $100 billion. However, Bitcoin has failed to crack into the world’s largest retailer, Amazon.

There are many debates about why Amazon hasn’t yet accepted Bitcoin as a payment method, although many agree that if it did – it will take the digital coin usage to the mainstream. There could be many reasons why Amazon hasn’t yet taken this step. They include:

  • Bitcoin’s price is very volatile. Therefore it would be a challenge to price the products on Amazon’s platform.
  • Uncertainty about regulations
  • A big challenge to process returns and refunds due to the price fluctuations

Amazon already has big deals with major credit card companies, such as Visa and Mastercard. Thus, such payment methods are still being widely used by consumers, so it doesn’t make any sense for Amazon to favor Bitcoin over credit cards.

Let’s not forget that Amazon CEO Jeff Bezos is not a big fan of Bitcoin. In January 2016, the Washington Post, a newspaper that Jeff owns, published a critical article stating, “R.I.P., Bitcoin. It’s time to move on.”

However, in 2017 and 2018, it has been said that Amazon has begun to purchase several cryptocurrency-related domain names. The domains are amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. Many have assumed that the large online retailer was about to take a step forward to accept bitcoin.  

Although Amazon does not accept Bitcoin as a payment method, you can still make a purchase using Amazon gift cards. Therefore, you may look for platforms that offer Amazon gift cards for some Bitcoins. However, please note that this step might be expensive as you will pay a premium price to purchase the gift card. This means that a $100 gift card could potentially cost you over $125.

Do you think Amazon will consider Bitcoin as a form of payment in 2019?

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Bitsgap Launches Intuitive Combo AI Bot for Futures Trading
    April 21, 2021
  • eToro Adds Chainlink and Uniswap Amid Investor Surge for Crypto
    April 19, 2021
  • TeraBlock Secures $2.4 Million to Build a Newbie-Friendly Crypto Exchange Powered by Machine Learning
    April 19, 2021
  • BlockSwap Network Announces Balancer LBP and Uniswap LP Incentive
    April 19, 2021
  • Raze Network Completes Triple IDO and Balancer LBP Event
    April 19, 2021
  • First Charity Project Using NFT: All Profits From Sales of Content Produced by Miss Bitcoin To Be Donated
    April 15, 2021
  • MakiSwap Raises $1.4M From Leading Investors to Build AMM Platform on Huobi Eco Chain
    April 14, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$54,321.00
$54,321.00
2.35%
Ethereum
$2,490.58
$2,490.58
7.94%
Binance Coin
$553.40
$553.40
6.4%
XRP
$1.30
$1.30
5.96%
Polkadot
$34.50
$34.50
0.54%
Cardano
$1.21
$1.21
4.93%

Spotlight

  • Coinbase Listing To Lift Crypto Space to Greater Heights: CoinShares CSO Meltem Demirors
    April 15, 2021
  • Trader Who Predicted Bitcoin Crash Says Epic Bounce to $70,000 Imminent
    April 19, 2021
  • Criminals Are Abandoning Bitcoin, Says Former CIA Director – Here’s Why
    April 16, 2021
  • Ethereum To Shatter $4,000 by End of July, Says Coin Bureau – Here’s Why
    April 20, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl

×