What if Bitcoin became the default payment method on Amazon?

[awesomewebsites]

What will happen in that situation ? Would global Bitcoin demand surge instantly ?

 

[moonshine7000]

There are a lot of scams targeting this narrative

 

[airah]

Then scam will increase...

 

[Mantoounique]

What will happen in that situation ? Would global Bitcoin demand surge instantly ?

If Amazon started accepting Bitcoin as the main payment, lots of people would want to use it, so demand would jump. The price could rise fast, but it wouldn’t go crazy instantly because adoption takes time and Bitcoin’s speed and fees can’t handle huge global traffic right away

 

[JB2302]

Mass adoption requires a faithful trustworthy company providing bitcoin and managing it for people, who does not know how to manage btc.

 

[titoma]

It will never happens. It's not a stable coin. If they had to use a crypto they will prefer usdc or usdt. Never ever BITCOIN that can lose 20% of his value in one day. It will be such an headache for the finance departement.

 

[metersaver]

What will happen in that situation ? Would global Bitcoin demand surge instantly ?

If Amazon adopted Bitcoin as its default payment, demand would likely spike fast, boosting price and adoption. It could push mainstream acceptance worldwide, though volatility and regulation would become bigger challenges too.

 

[awesomewebsites]

If Amazon adopted Bitcoin as its default payment, demand would likely spike fast, boosting price and adoption. It could push mainstream acceptance worldwide, though volatility and regulation would become bigger challenges too.

Yes, volaitility might be the main reason why it had not already happened.

 

[PendMe]

What will happen in that situation ? Would global Bitcoin demand surge instantly ?

if that happened, demand might spike quickly, but price movements would depend on how much supply is available and how markets react probably not instant, but fast.

 

[shijin]

Bitcoin’s network fees might become a real bottleneck if everyone starts paying through it.

 

[Jasperwhite110]

yes scam will increase but it will also help in alot of different thing but in other countries people buy will it for their alot of stuff

 

[DediRock]

if that happened I think a lot of us that are holding Bitcoin would be very happy

 

[awesomewebsites]

if that happened I think a lot of us that are holding Bitcoin would be very happy

Yes, that will mean that more companies will also follow the decision.

 

[MaxGuard]

It will be end of bitcoin network because no one else would be able to transact on-chain and the network won't be able to support the amazon's tps then again probably take amazon down too as the scam rate and wallet draining will rise so high lol

 

[BassTrackerBoats]

It would suck as then I wouldn't get my 5% rebate when I use my Amex card.

 

[DediRock]

Yes, that will mean that more companies will also follow the decision.

Exactly, BTC def in a good position as it sits now.

 

[Amaz0n]

A lot of selling pressure because Amazon would instantly convert incoming Bitcoin to Fiat but also elevating Bitcoins status and brand recognition / trust.

But, never gonna happen. Once the fiat backed state owned crypto coins (CBDCs) launch, Amazon will create its own coin (or just accept those CBDCs but never Bitcoin).

 

[WAndreas]

I think that at most it will only be stablecoins.

 

[awesomewebsites]

It would suck as then I wouldn't get my 5% rebate when I use my Amex card.

You never know they have promotions running with crypto payment as well.

 

[BenjaminTaylor]

If Bitcoin became the default payment method on Amazon, global demand would likely surge as it would legitimize crypto for everyday purchases. This could drive more adoption, but volatility might remain a concern for both consumers and merchants.