Amazon dismisses idea to incorporate Bitcoin as payment method

After Overstock opened their doors to supporting Bitcoin as an alternative form of payment, there were some murmurings that other

After Overstock opened their doors to supporting Bitcoin 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.

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In a recent interview with Re/code, payments 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,

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“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.

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