Amazon dismisses idea to incorporate Bitcoin as payment method

After Overstock opened their doors to supporting Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term as an alternative form of payment, there were some murmurings that other online retailers would join the party. And so it happened, because since then, other retailers have indeed started accepting Bitcoin, including one of the largest computer hardware retailers - Tiger Direct.

However, amongst the many online retailers that haven't yet taken the plunge, there's one big fish which many hope will bite soon - the biggest fish of them all, Amazon.

In a recent interview with Re/code, Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term boss of Amazon, Tom Taylor, poured water over any hopes for an imminent crypto-coin adoption, explaining that overall, customers just haven't had the enthusiasm needed to take a serious look at it,

"we’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage bitcoin."

I find that hard to believe quite frankly, because when Overstock announced the Bitcoin integration, in their first month, they reported sales almost $1 million via Bitcoin. I think that should be enough proof customers will be wanting to make purchases through Bitcoin. However, Amazon did offer a glimmer of hope,

“Obviously it gets a lot of press and we have considered it”

The fact that they've considered it, implies that they may consider it again, if the conditions are right for them.