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What would it take for somebody like Amazon or eBay to (even partially) support bitcoins? How much of a risk could it be?
by balakk 14y ago
What would it take for somebody like Amazon or eBay to (even partially) support bitcoins? How much of a risk could it be?
- dan1234 14y agoConsidering eBay owns PayPal[1], it's unlikely they'd want to promote any competing currency. [1]http://news.cnet.com/2100-1017-941964.html http://news.cnet.com/2100-1017-941964.html
- ynniv 14y agoIf you hold the bitcoin for a very short amount of time, it's not especially risky. There's a company that facilitates payments in bitcoin: http://www.marketwatch.com/story/bitpay-integrates-bitcoin-with-fulfillment-by-amazoncom-2013-03-06 http://www.marketwatch.com/story/bitpay-integrates-bitcoin-w...
- MacsHeadroom 14y agoLots of online retailers have implemented accepting Bitcoin. For everywhere else, Amazon and eBay included, there's BitSpend- which allows anyone to buy anything with Bitcoin from anywhere for as little as 0.5%
- yxhuvud 14y agoFor starters, there will need to be a lot of court cases that will decide how the legal repercussions will look like before any major players will take the risk it involves.
- smackfu 14y agoI see no real incentive for a retailer to trade in a currency that is fluctuating wildly. If they wanted to be currency traders, they would be currency traders.
- cjg 14y agoI imagine this will happen via Payment Service Providers first. Merchants that don't want to manage their own payment code outsource it to some third party company. Those PSPs compete and one dimension they compete on is breadth of payment methods. Who wants to be the only one who doesn't offer BTC? Once PSPs have integrated bitcoins, many merchants will accept them.