Amazon Has No Plans to Accept Bitcoin

Amazon

Like bitcoin? Like Amazon? Want to use bitcoin to buy stuff from Amazon? I have some bad news for you. Not going to happen anytime soon. “Obviously it gets a lot of press and we have considered it,” Amazon payments head Tom Taylor told Re/code in a recent interview, “but we’re not hearing from customers that it’s right for them and don’t have any plans within Amazon to engage bitcoin.” Amazon isn’t alone in this stance among big e-commerce sites. EBay, Walmart.com, Target.com and other big names have shown no signs of moving toward acceptance. Probably the most well-known online seller to accept the digital currency is Overstock.com, which sells furniture online and has a comparatively modest market cap of $413 million. Still, Taylor wouldn’t deny there are some advantages to a global currency, but said Amazon’s sellers have more urgent needs — such as dealing with foreign exchange rates, for example — that the company will focus on in other ways.

Read the full story at re/code.

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