Pay with Cryptocurrency on Amazon

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Pay with Cryptocurrency on Amazon
31 Dec 2022
6 min read

News Synopsis

Latest Update- 31/12/2022

While Amazon doesn't directly accept Bitcoin or other cryptocurrencies, you may still use your holdings to make purchases from the official shop. Unfortunately, there are certain barriers to using cryptocurrency to pay Amazon. This often involves exchanging your cryptocurrency for fiat money before using it to make a transaction with a digital or physical debit card. Another popular choice is to use Bitcoin, Cardano, Ethereum, Litecoin, or any other cryptocurrency you may have on hand to purchase Amazon gift cards.

We can only hope that the retail giant will one day wake up and accept the new decentralized economy. Until then, we're here to guide you through the process of using your growing bitcoin assets to pay for those Amazon offers. See which of the choices below best satisfies your urge to purchase anything from Amazon.

You can fund a debit card from BitPay and a payment app with your cryptocurrency, including Bitcoin, Dai, Dogecoin, Ethereum, USD Coin, and XRP. The software is available on Windows 10, iOS, and Android devices. It has an advantage over an online exchange like Coinbase as it doubles as a bitcoin wallet. One significant benefit is that your account assets stay on your local device, so you cannot lose them if the website where your cryptocurrency is stored is hacked. To fund the local wallet, you may directly connect your Coinbase account to BitPay. In contrast, you may purchase cryptocurrency directly through BitPay using a credit or debit card.

I purchased an Amazon gift card without paying a charge because it was prominently featured on the app's top page. There is also a Redeem Now option that takes you to the Amazon website and instantly credits your account with the gift card number.

Last Updated- 31/7/2021

The world’s most popular e-commerce platform ‘Amazon’ could soon start accepting cryptocurrencies, like Bitcoin or Dogecoin. The company is looking forward to hiring a digital currency and blockchain product lead. The company is already on set to develop Amazon’s digital currency, blockchain strategy, and product roadmap. This role is inspired by the innovation in the crypto space and understanding how it would work for Amazon. Many big companies such as Apple are also working on the development of alternative payment methods such as digital wallets, fast payments, cryptocurrencies, and BNPL. New digital currency and blockchain would need to operate with a high level of autonomy and operate analytically. The focus is to build new and innovative solutions to unsolved problems. The move would be more encouraged as Tesla CEO Elon Musk recently confirmed that the company is ‘most likely’ going to resume taking bitcoin payments. 

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