Good news if this is really true.

And probably this will be going a similar hype to tesla months ago, just not sure if it will be the same as tesla who reverses their decision later on, but I have guess it will be the same having their own reasons, and maybe before selling their holdings.

While Tesla changing it's decision to accept bitcoin again. It's good that this giant companies trying to start adopting bitcoin but not unitl they start manipulating the market.

Thats entirely possible because amazon is one of the largest marketplace in the Globe. They are in every corner of the world and with that needs exclusive marketing strategies to be build so that they can keep the customers engaged.

Amazon is the only e-commerce place where highest affiliate fees and highest discounts or combo's available. This means both advertiser, publisher and buyer can enjoy the royalty of earning and paying in the form of Bitcoin.

Lets forget about the KYC for sometime here, people will always choose amazon for it's newly launched payment system as it is the trusted marketplace with quality service.

This seems suspicious, not all big companies are knowledgeable about crypto and willing to engage on it.

But if this is true then this can also influence the market movement of bitcoin and people will make a move to make it profitable and make it spread more.

Adoption is what we need to make more big companies join crypto world and that is what most of us want.

"Anonymous insider" without any verifications by the journalists, the site itself is very obscure, it's obvious that this is a very untrustworthy rumor. It could be true, but I wouldn't get your hopes high. And the timing could be suggesting that it's just an attempt to pump Bitcoin while it has some momentum.

I think it's unlikely for Amazon to accept Bitcoin until the problem with fees is fully solved, it one thing to pay $10-40 fee for buying a Tesla, and completely other thing to deal with fees and delays for small consumer payments.

Don't know if this is good or bad news, especially since it is now known that very strict regulations are coming out in Q3-Q4 2021. Considering the timing, if the rumors are true it mamy be a cooperation between Bezos and the governments. Since Amazon has so many customers, it's much easier to link crypto stuff to identities and trace down certain info.. espesically for loyal Amazon customers and for those who don't use Bitcoin with some privacy-focused wallets or so.

Even if that happens, Amazon issuing their own centralized shitcoin, I see them as an useful idiot; sooner or later portion of Amazon users will want to get the real thing, and we know what they are going to get.

Bitcoin started revolution, and it would be naive not to expect these top companies trying it out with their own versions of cryptocurrencies.

I still take this news with a grain of salt, we have somewhat heard this kind of news since the last bull run we have in 2017 and yet it didn't materialised. So I will not get excited about it, and as you can see they are really planning to have their own token. And it may backfire on them, similar to what Facebook/Libra, lots of hailstorm coming from regulatory bodies around the globe. If they accept BTC then good for the market, otherwise, fingers crossed.

If true AND if they do it themselves instead of through Coinbase Commerce or the like its going to be a fascinating look into how BTC can really integrate.
Will they hold or just sell as it comes in?
Will they sell it to the best fiat at the time or in the local one where it was used?

Could be really interesting in terms of how it's done if they really do it.


-Dave

After the setback we received from Elon Musk, I don't really trust these people. They just want to maximize their profits. And for that purpose, Bitcoin is not very suitable. Elon is now planning to roll out his own shitcoin with a near 90% premine, and this may be the same route used by Amazon as well. These guys benefit more from a cryptocurrency which they can control and manipulate, when compared to the case with Bitcoin which can never be controlled by a single central entity. Anyway, for now, let's enjoy the market rally.