News Amazon Says It’s Not Planning to Accept Cryptocurrency Payments Any Time Soon

[Admin]

Amazon denied a report claiming it planned to start accepting payments via Bitcoin and other cryptocurrencies.

Amazon Says It’s Not Planning to Accept Cryptocurrency Payments Any Time Soon : Read more

 

[thisisaname]

Was it someone's pump and dump scam?

 

[gargoylenest]

now bitcoins fanboys will hate Bezos...they will have to understand, someday, that no serious business will ever accept a "currency" that can gain 15% one day to loose 40% the day after, for no apparent reason. let say you sell a car 100 000$, or 2.5 bitcoin one day, and 24hours later, your car is worth 4 bitcoins, and the day after its 2.75, and so on. it makes no sense to deal with that.

 

[daworstplaya]

now bitcoins fanboys will hate Bezos...they will have to understand, someday, that no serious business will ever accept a "currency" that can gain 15% one day to loose 40% the day after, for no apparent reason. let say you sell a car 100 000$, or 2.5 bitcoin one day, and 24hours later, your car is worth 4 bitcoins, and the day after its 2.75, and so on. it makes no sense to deal with that.

This is exactly the reason TigerDirect stopped accepting Bitcoin. With constantly changing value, how the hell are you supposed to correctly price your goods. This "currency" just needs to die already.

 

[Sippincider]

Start paying in Bitcoin, and every crook on the planet will set themselves up as a jungle place merchant (versus only half of the crooks on the planet right now).

 

[cryoburner]

now bitcoins fanboys will hate Bezos...they will have to understand, someday, that no serious business will ever accept a "currency" that can gain 15% one day to loose 40% the day after, for no apparent reason. let say you sell a car 100 000$, or 2.5 bitcoin one day, and 24hours later, your car is worth 4 bitcoins, and the day after its 2.75, and so on. it makes no sense to deal with that.

And of course, the value of the currency can be easily manipulated just by having an "anonymous source" provide a news outlet with information that leads to fake-news headlines like "Amazon Set to Accept Bitcoins, Develop Crypto Strategy: You will soon be able to pay Amazon in Bitcoins".