Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency?
Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency? Long-term horizon, dividend investing, foreign companies, growth at reasonable price Rumors about Amazon starting to accept Bitcoin payments are abundant. Bitcoin isn't really used as a payment system at the moment, relative to usual currency. There are still multiple challenges to be overcome before it can reach widespread use. Companies and regulators are just discovering how they should deal with Bitcoin and cryptocurrencies in general. A bright future, but an uncertain present. Unverified rumors that Amazon ( AMZN ) will start accepting Bitcoin ( COIN ) ( OTCQX:GBTC ) have been shaking cryptocurrency communities lately. Though these rumors might prove to be untrue in the end, facts are that there seems to exist lots of demand for this new way of payment. There even was an online petition to convince Jeff Bezos to adopt Bitcoin as an accepted way of payment at Amazon. According to some who think the rumors are true, Amazon could make the announcement to accept Bitcoin as early as during their next investor call scheduled for October 26. According to Bitcoin bulls, this would be one step closer to major acceptance for the leading cryptocurrency. There already exist workarounds which make sure you can indirectly pay with Bitcoin at Amazon, but if Amazon would accept direct Bitcoin payments it would be huge news. Could it be the final breakthrough of Bitcoin? Will it finally be embraced by the masses? Let us first take a peek at the price development of Bitcoin of the last couple of years, you can see it has been a crazy ride. Though the upswings are most obvious in the graph, there were many times when Bitcoin went through a downswing, sometimes losing more than 80% of its value (such as betwee Continue reading >>
2.3 Billion People Can Now Use Bitcoin On Amazon
2.3 Billion People Can Now Use Bitcoin on Amazon Antonio Madeira January 24, 2017 7:00 am Almost 2.3 Billion people can now shop on Amazon without a computer or a bank account following Purse.ios Android app launch. Shopping with Bitcoin on Amazon Now Available to 2.3 Billion Following the launch of its iOS app , Purse.io has now released the Android version for its platform, enablingbillions to shop on Amazon with Bitcoin on the most popular smartphone operating system with over 1.4 billion users globally. With both operating systems supported, the number of people globally that can now use this serviceis now around2.3 billionand expected to reach 2.8 billion by 2020, according to Statista. Were excited to formally announce the arrival of our official Purse Android app! We released our iOS app back in November. So, of course had to spread thelove to the largest and most widely used mobile operating system in the world, Android. Although the online retail giantdoes not accept Bitcoin directly, Purse.io matches buyers with gift card holders creating an extremely powerful use-case: online shopping. Furthermore, it enables those who dont have a bank account or credit card to usethe Amazon e-commerce platform, even if they dont have a computer. The servicealso lets merchants register their Purse account and sell directly on the platform. Needless to say, all items from Amazon that are purchased on Purse.io are cheaper than the ones listed on Amazon itself. Not only because of Bitcoinssmaller transaction fees but also because it provides agift card/bitcoin exchange market as well as significant discounts . Sellers can create a free or paid account on Purse.io and list their items for sale. Once a purchase takes place, Purse.io will act as an escrow until the transaction i Continue reading >>
How To Buy On Amazon With Bitcoin
Yes, it is possible to buy stuff on Amazon with Bitcoin. No, Amazon doesn't allow Bitcoin as a payment method. So how does it work? Purse.io matches buyers with gift card holders. The gift card holders purchase the item you choose for you in exchange for Bitcoin, which is the easiest way to redeem an Amazon gift card for money. This means that if you have extra gift cards, you can also take advantage of the Purse.io system. Without further ado, we present a guide that will please shopaholics and bitcoiners alike, how to buy on Amazon with Bitcoin! Let's start with registering an account with Purse. Step 2:Click "Sign Up" to register an account Step 3:You can choose to create a new account or to log in with your facebook/google account. We'll create a new account. Enter your personal infoand click "Create account" You will be automatically logged in after creating your account. You will also receive a confirmation email. Click the link inside to confirm your account. When verifying your email address, you'll be taken to your account verification page. You can increaseyour verification level and add other features here, but we're going to move straight to the the funding part. Step 1:Click "Wallet" to deposit Bitcoin Step 2:You'll be taken to a page where you can fund your account in various ways including with altcoins through the Shapeshift feature. We will deposit Bitcoin normally by sending it to the address shown As soon as the transaction is made, Purse will show you the incoming unconfirmed transaction. Step 1: Wait for your transaction you sent in the previous partto confirm and then click "Shop" Step 2:You can browse theHoliday Gift Ideas or shop by category but if you know what you're looking for, head straight for the search bar You'll see that you can buy pre Continue reading >>
Will Amazon Finally Accept Bitcoin In 2018?
Forbes magazines digital currency specialist Roger Aitken investigates if and when Amazon will accept crypto currencies The global petition website Change.org described as the worlds platform for change has launched a campaign urging Amazon.com should accept Bitcoin and Litecoin cryptocurrency as payment methods ASAP. The petition has already had the support of around 12,400 signatures. The petition urges: Amazon should show continued leadership in innovation by eagerly accepting two of the most trusted and proven cryptocurrencies in existence: Bitcoin and Litecoin. It continues: Acceptance and intelligent integration of these efficient and groundbreaking payment methods will lead to more streamlined commerce and an improvement in the purchasing experience for the many millions who shop Amazon. Fellow tech company Microsoft was famously an early adopter of the new digital currency, you can use Bitcoin to add money to your Microsoft account and have been able to do so since 2014. Some shoppers have found a hack for spending Bitcoins on Amazon by using Giftoff.com to purchase Amazon vouchers with the cryptocurrency. But its a rather convoluted method, and there is always the real concern that Bitcoin might gain in value after you bought the vouchers. Theres little doubt that if Amazon were to accept Bitcoin directly it would legitimize the currency. Many Bitcoin users see Amazon as the Holy Grail, and believe that the floodgates would open from retailers if Amazon led the way. James Altucher, the American hedge fund manager and venture capitalist, says its more a question of when rather than if Amazon will accept Bitcoin. Says James: Im certain that Amazon will accept Bitcoin. They have no choice. And this will be the tipping point that will create massive generational w Continue reading >>
How To Purchase Products From Amazon Using Bitcoins & Save Up To 25%
How To Purchase Products From Amazon Using Bitcoins & Save Up To 25% Whenever I talk about Bitcoin , one of the most common questions I get asked is: In 2017, there are plenty of ways you can use Bitcoin. You can use it to buy things (like you would with traditional money), and you can use it to make money (i.e. investing). Today, Im sharing a detailed tutorial that will help you to purchase products from Amazon using bitcoins & also help you save up to 25%. Purse is a popular tool used for many things: Purchase products from Amazon using bitcoins. In the past, I have used Purse.io to earn bitcoins in exchange for Amazon gift cards. In this tutorial, I will show you how to use Purse to order any product from Amazon & save money. The only thing that you need to have with you are your bitcoins. If you dont own bitcoins yet, you can purchasethem from one of these places: You can also buy bitcoins anonymously using Localbitcoins .(Here is a tutorial on how to do that .) Before we move to the serious part (the tutorial), let me quickly share a story about my phone. I was using a OnePlus 3phone for the past few months, and I was pretty happy with the overall performance & value for the money. During the 2nd week of January 2017, I visited the USA to give a talk at Affiliate Summit West. Well, at LAX (the Los Angeles airport) I got pick-pocketed! Luckily, the only thing that I lost was my phone. I used Android Remote Manager and deleted all the sensitive data. However, I still needed another phone. So, instead of directly buying one, I decided to order a new phone using Purse.io (and save myself a significant amount of money). Im creating this tutorial as I purchase this new phone.Im making this guideso that in the future, you can also save money with this method. For this tu Continue reading >>
Here's How You Canand Can'tspend Bitcoin
Here's how you canand can'tspend bitcoin Amazon's European headquarters, in the Clausen Valley in Luxembourg. It's been a tumultuous week for bitcoin. After dropping 20 percent in value last week, the digital currency topped $12,000 on Tuesday, reached $15,000 by early on Wednesday and, on Thursday, rocketed above $19,000 before falling and settling around $16,000 in the early afternoon. Financial experts seem to agree : It's volatile. CNBC's Jim Cramer and self-made millionaire Tony Robbins both compared investing in it to gambling in Vegas. Billionaire Mark Cuban said buying the currency would be like "throwing a Hail Mary." But if you decide to take that risk and put some money into it, where can you even spend bitcoin? Over 100,000 merchants worldwide accept bitcoin. Notable ones include Microsoft and Expedia , as well as the online electronics retailer Newegg . Considering that bitcoin is a digital currency, it's more rare for actual stores to accept it as a payment method. But, as CoinDesk points out, some business are beginning to, such as REEDS Jewelers , which has over 60 retail locations in eastern U.S. Speaking of Vegas, the Golden Gates Hotel & Casino there accepts bitcoin payments at their hotels and restaurants but not yet for bets on the casino floor. Many major retailers such as Walmart and Amazon have yet to sign off on bitcoin as an accepted method of payment, but the mobile gift card app Gyft offers one way around that. You can use bitcoin to buy a gift card and then shop at those retailers or another one of the 200-some that they work with, including giants like Nike, Target and Starbucks. Alternatively, you can also use a service like Shakepay to convert cryptocurrencies into USD or Euros for a fee. Last year, Mason Borda, the CEO of a cryptocurren Continue reading >>
Is Amazon Preparing To Accept Payments In Bitcoin?
Is Amazon preparing to accept payments in Bitcoin? The e-commerce giant has registered a range of cryptocurrency domains, driving speculation it will accept them as payments. Image: Amazon has registered three new cryptocurrency domains Amazon may be set to announce that it will be accepting Bitcoin and other cryptocurrencies on its e-commerce platform. Amazon has registered three new domains related to cryptocurrency, prompting speculation it may be about to announce a move into the sector. The company has not made an announcement regarding the reason for the registrations, but it could be preparing to accept the currencies as payment or launching an exchange for customers to purchase them. Amazon's legal department is listed as the registrant for the .com domains amazonethereum, amazoncryptocurrency, and amazoncryptocurrencies. Amazon registered amazonbitcoin.com three years ago, which redirects to the amazon.com site. While it is possible Amazon has registered the domains to prevent others from using them, there are strict consumer protections in the US against "domain squatting" - or registering a domain with the intent of profiting from someone else's trademark - which would make this unnecessary. The registrations follow two consecutive days of Bitcoin hitting all-time highs, following an announcement by CME Group that it plans to launch a futures market in the currency by the end of the financial year. The digital cash hit a value of over 4,780 ($6,338) on Tuesday afternoon - an increase of almost 50% since September - with gains of more than 710% since Halloween in 2016. By Thursday, it was trading above 5,330 ($7,000) - a long way up from its previous top valuation achieved only in October, when it topped 3,900 ($5,200). Image: Bitcoin has surged in value this Continue reading >>
Rumor Suggests Amazon Will Begin Accepting Bitcoin
Rumor Suggests Amazon Will Begin Accepting Bitcoin Amazon is rumored to announce plans to accept Bitcoin in an upcoming October conference call. The rumor comes from sources in Silicon Valley, and it resembles previous claims made by an investor in September. As Bitcoin rises in value and becomes more widely accepted , attentions are turning to online retailer Amazon as the next in line to accept the digital currency. According to German newspaper Welt , as later reported by CoinTelegraph , financial technology sources in Silicon Valley are making claims about Amazons plans to support Bitcoin as a new payment method. These rumors are supposedly similar to a claim made by investor James Altucher last month , who said that Amazon might make a Bitcoin announcement during an earnings conference call set for October 26. When Welt reached out to Amazon regarding the rumors, a spokesperson replied saying they do not engage in speculation but that they do include new products or services only when these are useful for our customers. Despites Amazons predictable response to the rumors, Welt writes that Even if the Oct. 26 date is not set in stone, Bitcoin introduction should probably be expected soon. It seems that well have to wait to see if these rumors are true. If the retailer does reveal plans to adopt the digital currency, itll be one of the biggest online storefronts to do so, which could prompt others to do the same. Amazon is a business after all, and if Bitcoin could boost its performance, it will certainly make an effort to embrace it. Continue reading >>
How To Spend Bitcoin On Amazon?
To spend your bitcoins on Amazon you need to purchase a gift card for Amazon for the desired amount. To do that click on "WITHDRAW" on the top panel, then navigate to "TOP-UP AND VOUCHERS". Select the Amazon country you are ordering from. Enter the Gift Card amount and you will be given a bitcoin price to pay. Enter the second-factor authentication key of your SpectroCoin account. You will receive a code. Now you need to go to Amazon, choose your item and add it to your cart. After you are finished packing your cart, go to checkout and enter your delivery address. When you are redirected to payment methods, choose paying using Amazon Gift Card and enter the key you received from SpectroCoin. Continue reading >>
Amazon Is The Biggest Threat To Bitcoin Rightnow
Weekly publication showcasing the best and worst of cryptocurrency. Amazon is the biggest threat to bitcoin rightnow Over the past year, a growing number of people have leapt to take part in bitcoins meteoric rise. Teenagers have invested their college funds. Some families have mortgaged their homes and placed everything on the table. Even billionaires have suggested putting 10% of all assets into the digital currency. There is a lot of money in play and peoples livelihoods and savings are on the line. As a vehicle of investment, bitcoin itself has an array of problems. Its extremely volatile suffering drops as high as 30% in a single day, funds are difficult to recover when hacked, and bitcoins technology may be behind other newer cryptocurrencies which offer greater anonymity, programmability, and scaling. Most people tend to look at popular altcoins when they think about what could dethrone the current cryptocurrency king. But could the real threat come from a more material realm? Amazon is the largest online retailer in theworld Boasting over 94 billion USD in sales last year, it handles almost half of all American online purchases and has operations across the globe. But despite offering a large variety of payment options, Amazon has yet to allow people to pay with bitcoin or any other cryptocurrency. As the leader in online retail, its in a prime position to do so. Any cryptocurrency Amazon adopted would surely see a huge surge of support. Given the current popularity of cryptocurrency, what exactly is Amazon waiting for? One of the reasons Amazon may be avoiding cryptocurrency is their limited transaction speeds. Take a look at the top two major cryptocurrencies. Amazon peaked at 600 transactions per second during last years Amazon prime sale. If even a fraction Continue reading >>
5 Answers - How To Buy On Amazon Using Bitcoin
As you know , the value of Bitcoin go up day after day, new business show up , with a new idea , and Purse .io is one of them, Purse -- is an online marketplace where you can shop on Amazon and save huge with Bitcoin! Just search for what you want, pay with bitcoins and save! It's just as easy as shopping on Amazon. Purse allows Bitcoin users to save 10-25% on all purchases on Amazon, and allow others to buy Bitcoin using their credit card or Amazon gift cards. You want to buy something at Amazon but you want to pay it in Bitcoin or you want to convert your amazon gift card to Bitcoin Then Purse is your right choice. How would you shop on Amazon using Bitcoins? There are a large number of online platforms that either scam or insecure but not all of it. At the same time you can not spend a tiny amount on each website while trying to figure out which is the safest website to use. Thats why I decided to bear that headache and encountered a few websites that are safest among all. One of them is called Purse.io . But first you need to know: You can not buy directly from Amazon using your bitcoin cash. So you need a middleman. A middleman here is Purse.io that would introduce you to the thousands of users who would accept bitcoins in exchange for their hard cash. But, they wouldnt be paying you directly and neither would you. They would buy your product from Amazon and send it to your mentioned address, no matter where you are on this earth. When you would place your order, youd be paying to Purse.io . Purse.io would work as an escrow service and wouldnt release your bitcoin payment to the other party as long as you dont get your product delivered at your door steps. Escrow service is similar to ebay. Its being used by many users and for your own satisfaction you can use goo Continue reading >>
How To Use Bitcoin To Shop At Amazon, Home Depot, Cvs And More
How To Use Bitcoin To Shop At Amazon, Home Depot, CVS And More Two of the countrys biggest names in e-commerce, Overstock.com and TigerDirect.com, earned themselves some press (and perhaps goodwill from the tech crowd) with their recent decisions to start accepting Bitcoin as payment. Now, though, users of the controversial peer-to-peer digital system can spend their cryptocurrency in brick and mortar stores including Home Depot, CVS, Kmart and Sears as well as online at web retail granddaddy Amazon.com. eGifter.com allows shoppers to pay for any of their 150+ digital gift cards in Bitcoin straight from the checkout line at national retail chains using their mobile app for iOS or Android. eGifter uses Bitcoin wallet Coinbase to process transactions, ensuring theyre secure. Ive seen purchases come in for exact amounts like $124.68, so I know folks are paying using Bitcoin physically in-store, said eGifter CEO Tyler Roye. Thats the advantage, and a real opportunity with digital gift cards: you dont have to buy more than you need, down to the penny. Roye sees accepting alternative payment methods like Bitcoin as a no-brainer given the crowd of early adopters buying and trading it. Until chains like the Gap, GameStop and JC Penney start accepting the cryptocurrency through their own point of sales systems, eGifter.com acts as a workaround. Bitcoin users dont have as many places to spend as they might like, and many of them have made quite a bit of money in the past year , he said, adding that the demographic likely to embrace peer-to-peer payment systems probably has a fair amount of disposable income to begin with. These big retailers will have to accept Bitcoin over time, but its going to be a process years in the making, he said. Therein lies the opportunity for folks l Continue reading >>
Coinbase | Where Can I Spend Bitcoin?
In the beginning, there was pizza . Nowadays, you can spend your bitcoin on much more than pizza, in a wide variety of places, both online and offline. And while there are more comprehensive lists available, we hope this will highlight the diversity of options available. Perhaps the easiest, most rewarding way to spend your bitcoins is by paying it forward. Use bitcoin to tip article and blog post authors with the click of a button , or donate to any number of worthy causes including the Wikimedia Foundation .You can also buy Reddit Gold with bitcoin, and give it out as gratitude for the user who posts your favorite cat pictures! Send or receive tips with Changetip or set up charitable donations . You can alsouse our personal Payment Pages to start accepting bitcoin right now! With over a million products for sale, all available in bitcoin, Overstock.com has you covered. While we wait for stores like Amazon and BestBuy to accept bitcoin directly, some enterprising folks have found a workaround. Use bitcoin to purchase gift cards from services like eGifter , or Gyft and then redeem them at Amazon, BestBuy, and hundreds of other popular retailers. Companies like Microsoft , and Green Man Gaming have recently started offering games and other apps for bitcoin. Others like this Minecraft server are actually using the bitcoin network to power their in-game currency! Download our mobile app for IOS or Android and take your bitcoins with you to any of these Bitcoin Restuarants . Or try a Coffee Shop, including this one in Prague that only accepts bitcoin ! You can pay for a hotel with Expedia , book a flight with CheapAir , or take a cruise with Ships & Trips Travel . Car dealerships are also getting into the swing of things, and while paying for fuel directly with bitcoin has Continue reading >>
Now You Can Use Bitcoin To Buy Stuff On Amazon, Thanks To This Seattle Startup
Its now easier to buy products on Amazon.com with Bitcoin. Seattle-based bitcoin payment platform iPayYou this week announced a new feature called Amazon Direct that lets consumers transfer any dollar amount of bitcoin to use for purchases on Amazon. This is the only direct way to purchase on Amazon with bitcoin today, said iPayYou CEO Gene Kavner. iPayYou.io also sells gift cards to many merchants, which includes Amazon, that may be purchased with bitcoin as well. Gift cards have advantages that they may be sent to friends/family but they are not a straightforward path for purchasing at Amazon as iPayYous Amazon Direct. Heres a how-to video that shows the integration: Before launching iPayYou last year, Kavner was previously the worldwide director of theAmazon Associates program andprincipal architect for display advertising atMicrosoft. He started iPayYou to help make it easy to store bitcoin and use it to pay for products. The software also lets you send and receive bitcoin with friends, who dont need a bitcoin wallet themselves. In July, the company rolled out a new service that allows anyone with a Twitter account to send and receive bitcoin payments, without providing any private information. iPayYou employs five people in Seattle and has raised investment from Roger Ver ,a Bitcoin Foundation member and early Bitcoin evangelist. Taylor Soper is a GeekWire staff reporter who covers a wide variety of tech assignments, including emerging startups in Seattle and Portland, the sharing economy and the intersection of technology and sports. Follow him @taylor_soper and email [email protected] . Continue reading >>
What Can You Buy With Bitcoins?
One of the dreams of the cryptocurrency community is to be able to travelacross borders, perhapsand to be able to pay in bitcoin. This would avoid having to visit currency exchanges and pay their commissions and fees, while also avoiding the need to carry much cash around. Now the dream is starting to take off, with notable names starting to welcome bitcoin onboard. Most notably, Expedia has announced it will nowaccepts bitcoin for all hotel bookings, making itthe first major travel company to accept payments in cryptocurrency. Expedia said bitcoin will be integrated into the payment options for customers at check-out, sitting alongside payment methods like PayPal and Visa. If all goes well, the company says it may expand the payments option to other areas of its business, including flights. A Holiday Inn hotel in Brooklyn, New York, is nowaccepting bitcoin payments in a pilot programme overseen byby bitcoin entrepreneur Charlie Shrem.The Park Slope Holiday Inn Expressis located on Union Street in Brooklynand bitcoin reservations arepossible either by phone, online or in person. Again, if the pilot goes well, the chain should open up more hotels to bitcoin paying customers. Spanish chain One Shot Hotels has been accepting bitcoin paymentssince 1stOctober 2014 for its twolocationsin Madrid (one with its own bitcoin ATM). New branches in Barcelona, Valencia, SevilleandLondon areplanned for the future and will accept bitcoin too. Offering international investors the chance to buy UK properties with an extensive range of digital currencies, including bitcoin, Cai-Capital claims to be the first UK firm providing this facility. Targeting markets such as China, Russia and the Middle East, the Cheltenham-based company, which works in partnership with estate agent Hill-Mathieso Continue reading >>