Does Amazon Accept Bitcoin or Cryptocurrency? Amazon doesn’t accept Bitcoin as payment for any purchase from Amazon. Walmart started accepting Bitcoin and some other cryptocurrency as payment. There are few renowned e-commerce company who doesn’t enthusiast to accept cryptocurrency.
So, Amazon is not accepting Bitcoin but does Amazon accept any other cryptocurrency? Which other ecommerce accept cryptocurrency? Does Amazon has a plan to accept Bitcoin anytime soon?
Does Amazon Accept Bitcoin or other crypto?
Does Amazon accept Bitcoin? So far Amazon doesn’t accept Bitcoin and any other cryptocurrency as their payment method. Once they have planned to accept Bitcoin by the end of 2021 but it didn’t came into real. On top of that it seems like in near future they are not gonna accept Bitcoin. Not only Bitcoin but also other cryptocurrency like Tether, Ethereum won’t be accepted by Amazon as payment method.
There are some of the Big companies in different industry started accepting Bitcoin for transaction. Walmart, Paypal, Overstock, Newegg, Shopify, etc. accept Bitcoin and many other famous cryptocurrency.
Why Giant ecommerce like Amazon still not interested in crypto? Jeff Bezos, Amazon CEO himself are not very loveable to crypto. Recently he has said in an interview that He doesn’t like these cryptocurrencies because they are not yet stable like regular currency. So if you ask, does Amazon accept crypto? answer will be “NO”.
Why Amazon Is Not Accepting Crypto?
There are number of reasons which pushed Amazon back to accept Bitcoin and other crypto. Amazon CEO thinks that crypto market is still volatile and the rate fluctuation is not normal. So setting product price is tough in terms of crypto. Technically it is difficult as Amazon has millions of products listed in their portal.
The way how cryptocurrency works like wallet to wallet transfer or more specifically peer to peer transfer which is different from general payment system.
Stability of Cryptocurrency
Like regular currency crypto is yet to be stable in the market. Even after passing a decade none of the cryptocurrency got stable. Bitcoin the most popular cryptocurrency also had seen a big fall down during last few months. From 68K USD to 43K USD (as of Feb’21) per Bitcoin in just 3 months, is a huge fallback in price.
Not only Bitcoin, other popular currency like Ethereum, Tether, Dogecoin, Shiba Inu also lost value.
Amazon Coin Might Be Another Cryptocurrency
From 2013, Amazon has introduced Amazon coin for games, apps and in app purchases. But it is limited to those yet. Recently Amazon bought a lot of domain names relevant to cryptocurrency which somewhere created a curiosity. Market leaders are predicting that Amazon might come in to cryptocurrency market with their own Amazon coin.
If Amazon is thinking to introduce their own digital currency then obviously they will not accept other cryptos. Eventually they will not let them being more popular. If the Big Fish Amazon enters into the crypto market it’s not a good news either for other cryptocurrencies.
Having a huge online market, Amazon won’t gonna struggle with their currency. People will be happy to buy their currency to invest in their Amazon for purchasing products. There will be numerous discounts that is for sure.
Till October 2021, Amazon was stick to the decision to accept Bitcoin but as it didn’t happen even after seeing lot of big companies accepting Bitcoin. This implies that in near future, Amazon is going to launch their digital coin.
Purchasing Amazon Prepaid Gift Card Through Bitcoin
Anyone can buy Amazon gift cards from online stores using Bitcoin. With gift cards any product from Amazon can be bought. Online stores like eGifter.com, Gyft, and BitPay, let you pay for Amazon digital cards with Bitcoin. It’s a little long process but still you can buy Amazon products if you have own some Bitcoin. This might be another reason for Amazon not to accept crypto very soon.
Anyhow their selling is happing and by one or two extra steps people can use their Bitcoin to purchase from Amazon. If there is some ways then it seems okay for Amazon not to take the risk of volatile currency very soon.
Will Amazon Accept Bitcoin?
If they are stepping back from introducing their own currency, then they will definitely accept Bitcoin as Amazon competitors started accepting not only Bitcoin but other currencies as well. If they are still on the track of entering into the crypto market then accepting Bitcoin is never gonna happen.
Online Stores That Accept Bitcoin
There are plenty of online stores in different industry accept Bitcoin. Few of them has been listed below. You can check if it helps you out.
- Burger King
- Pizza Hut
- Miami Dolphins
- Planet Express
- Shopify (Shopify stores)
- Reeds Jewelers
- Virgin Galactic
- More Stamps Global
- Star Jets International
- Norwegian Air
- Garbarino Viajes
- Alternative Airlines
- Norwegian Air
Here are some of the prominent companies that accepts Bitcoin. There are lots of medium and small businesses that are accepting Bitcoin. If you need the list let us know in the comments below.