Like bitcoin? Like Amazon? Want to use bitcoin to buy stuff from Amazon?

I have some bad news for you. Not going to happen anytime soon.

“Obviously it gets a lot of press and we have considered it,” Amazon payments head Tom Taylor told Re/code in a recent interview, “but we’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage bitcoin.”

I mentioned to Taylor that many industry execs expect Amazon to eventually build its own full-blown payments network to compete against the big credit card companies. Will we see a day when the Amazon logo appears at a checkout counter alongside American Express, Visa and MasterCard?

“If we felt like we could do a better job than Amex and Visa, and feel like it helps the customer experience, that’s something we would do,” he said. “But it would really have to be something much better than [what they do].”

Industry sources familiar with Amazon’s business believe it’s a question of “when,” not “if,” but Taylor wouldn’t provide any further details on the company’s thinking.


Reddit petitions


Amazon Says no to Bitcoin. Says Customers don’t want it. Let’s change that! WE want it! (self.Bitcoin)

submitted ago by bitcoinfans


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

Can you launch a campaign to change this? Let’s do something!

[–]nextgeneric 73 points ago

Like I’ve said right along, it doesn’t matter to them. Bitcoin users are such a small group in comparison to their total shopper base that it wouldn’t even make it worth their time.

Maybe you disagree with that, and that’s fine, but now you’ve heard it from the horse’s mouth.


Others say no


How about we stop begging corporations to accept bitcoin? (self.Bitcoin)

submitted ago by waxwing

The value of this technology is not in making it even easier for Americans and other first-worlders to do their shopping. That is already incredibly easy.

The value of this technology is many-fold. Examples:

  • International online shopping for people who have no access to credit cards
  • Reduction to near zero of merchant fees for small, local business
  • Holding savings without any fear of confiscation or censorship
  • Drastic reduction in remittance fees
  • Business to business and person to person international transfers with no significant wait times and little or no fees
  • Almost free tipping of artists and charity causes online, and other microtransaction types such as pay per article, currently not possible with Paypal or credit cards due to fees.
  • Undermining the bankers’ power to print away our money.

This bundle of functions can all be had with Bitcoin itself, let alone altcoins or sidechains.

And yet day after day when I come and read this sub I see endless desperate wishing, hoping and begging that people like Amazon will let you use Bitcoin.I’m not saying that wouldn’t be nice, but it would be no more than that – nice. And then people get all upset when the naysayers come onto the sub and start laughing at you for suggesting that this is such an amazing goal. They’re right, it is not an amazing goal at all – and if all Bitcoin was was yet another way to pay online, just as we do now, I wouldn’t be even slightly interested in it.

There is so much more to Bitcoin than this. /rant