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>Transaction times of 10 minutes? Transaction times would be irrelevant for Amazon as they could tell customers their order is placed with zero confirmations (
by dustcoin 14y ago
>Transaction times of 10 minutes?
Transaction times would be irrelevant for Amazon as they could tell customers their order is placed with zero confirmations (a few seconds), and then check for more confirmations before shipping. There is already a delay of hours or even days between when a customer orders and when they pay because credit cards are charged when the order ships.
>and what taxes should be paid on BTC transactions
I would guess the same taxes paid on other non-USD transactions. Amazon already deals with many non-USD currencies.
>Amazon issues lines of credit to their customers
I don't think this applies to most orders/customers. Amazon could choose not to offer lines of credit in BTC.