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Wednesday, June 28, 2017

Will Amazon Finally Fold to Demands and Accept Bitcoin?

Will Amazon Finally Fold to Demands and Accept Bitcoin?

Amazon has been in the news a lot lately, thanks to their constantly improving technology prowess and their acquisition spree in the retail scene. While the company continues to support tech companies and even blockchain projects through AWS indirectly, it hasn’t been that friendly when it comes to Bitcoin as a payment method.


The cryptocurrency community has been incessantly requesting the online retail giant to introduce Bitcoin as an additional payment option, which has so far gone futile. Now in a renewed attempt, people have created an online petition urging Amazon to start accepting Bitcoin. The petition on a well-known online advocacy and petitioning platform, Change.org comes at the time when the popular cryptocurrency is exhibiting a positive price trend, with increased stability.


According to reports, 5381 petitioners have already signed the campaign. The demand doesn’t stop here as some also believe that the e-commerce major should extend support for Litecoin as well. The Change.org petition shows that people are becoming more comfortable spending cryptocurrencies to purchase goods and services. Making a case in favor of Bitcoin, the petitioners state the following reasons for why Amazon should introduce Bitcoin payments;


Low transaction costs, decentralized currency, low inflation due to finite supply, easy accessibility, non-reversible payments, and of course, the security offered by the cryptocurrency.


Full story at http://bit.ly/2rT0Kto


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