Bitcoin accepted in Amazon??

With the growth of bitcoin over the last 3-4 years we have to wonder is their a chance that it will become more main stream soon. Will it be accepted in big stores such as Amazon, for me I think that this would be of great use and also show the world even more that bitcoin is here to stay. Imagine not having to pay those stupid credit card fees when buying something and maybe give you even more money to spend on the things that you want.  News has been spreading around lately online of course that Amazon is in the process of accepting these payment but how true these are are yet to be known.

Imagine black Friday sales and paying with bitcoin Swooshhhh. 

But the big question who will it help?

If bitcoin gets accepted by Amazon I believe that this will be great for public adoption of bitcoin by making it more mainstream. However, I do not see the same benefit for Amazon because bitcoin is still not mainstream enough. They will not be many people that are in a position to use bitcoin for purchases so for that reason it may not be of great advantage to Amazon.

As stated in crypto coin news.

Amazon has long been considered the “white whale” of bitcoin acceptance. As one of the world’s foremost retailers, their decision to accept bitcoin would provide bitcoin with a tremendous credibility boost and would likely increase the rate of mainstream cryptocurrency adoption.

However, Amazon has made no public statements suggesting they will implement bitcoin payments, and frankly there is currently little incentive for them to do so. The company is so ubiquitous that is unlikely they would see a noticeable increase in sales. Amazon’s valuation is nearly four times the size of the combined market caps of all cryptocurrencies, and despite the bitcoin price’s year-to-date surge, its market cap is still more than $15 billion less than the net worth of Amazon founder Jeff Bezos.

Those who are long on bitcoin expect that retail giants such as Amazon will eventually join forward-thinking companies such as Overstock in accepting cryptocurrency payments, but investors should remain skeptical of unverified reports that this will occur in the near future–especially when the person making the claim is trying to sell you something.