Yep yep. The moment when a large, established, respected platform like amazon starts accepting bitcoin is the moment public consensus about bitcoin switches from "that dark web sketchy internet money" to a genuine form of payment.
Newegg and Zappos (i think it was) taking BTC for payment is a start. But we'll need to be seeing more and more use cases with larger retailers if bitcoin is have a chance of coming close to the market cap of Amazon. I'm defintely hopeful that retailers will start moving in this direction, but before we get there, the SEC and tax accountants of the world need to hash out how to account for taxes on BTC transactions!
You can already buy amazon products with bitcoin. Have a look at purse.io
Whhaat?! I'll defintely look into this!
But I think it'll be important for there to be a big round bitcoin button, blatantly placed on the amazon checkout page for people to begin trusting cryptocurrencies more. :)
Regardless, thanks for the link!
I agree. I'm sure it will happen eventually. Could by Amazon Coin though..
Exactly! As soon as a company as large as Amazon accept bitcoin it'll be amazing. I've only just joined the crypto space but am thinking about the best way to cash out/use crypto on a regualr basis in the future. I'm hoping cards like Tenx will be successful for that.
Also at the moment bitcoin transfer fees are pretty crazy, especially if you're making small purchases. Can you (or anyone else) tell me why bitcoin is around 4x as expensive to trasfer compared to say Litecoin?