Bitcoin Angel investor and avid BTC supporter Roger Ver has publicly announced that he predicts Ecommerce giant Amazon will begin to accept the cryptocurrency by the end on this year.
During an interview with RT’s Sophie Shevardnadze, Ver was asked on the potential of Bitcoin transaction behavior such as reversibility, as with credit cards.
“I think…I will predict actually, I’ll go out here on camera, I’m going to predict that Amazon.com is going to be accepting Bitcoin by the end of this year,” Ver stated in response to the question.
Ver dove deeper into why Amazon will accept Bitcoin.
“It makes sense for them to do so: they can save 3% in credit card fees and pass a portion on to the consumer by offering a 1% discount whenever buying with Bitcoin. And everybody is happy.”
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If Amazon were to being accepting the digital tender it will join the ranks of other leading Ecommerce platforms such as Overstock.com and TigerDirect. Both companies saw positive results after accepting Bitcoin with TigerDirect processing over $500,000 in BTC while Overstock pulled in over $130,000 in the virtual currency.
Amazon has stepped forward and announced it has no plans on incorporating the digital currency. Vice President of Amazon Payments Tom Taylor had previously stated:
“We’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage Bitcoin… Obviously it gets a lot of press and we have considered it”
While no official word was provided by Amazon, given previous dismissals of the subject, and being that Bitcoin can pose a threat to Amazon’s payment arm, we predict the Ecommerce giant will not jump on the BTC bandwagon just yet. Of course only time will tell if Ver’s predictions pan out.
SOURCE: Digital Currency Magnates