Amazon (NASDAQ: AMZN) was featured in a recent Decrypt article titled, “What Would It Take for Amazon to Accept Bitcoin?” The piece discusses Amazon’s history of shunning bitcoin and other cryptocurrencies as payment methods, to date, and the tantalizing prospect of the world’s biggest e-commerce company making a change to accept bitcoin. The article delves into the many barriers Amazon would first have to hurdle, which include the need to build processes and procedures to accept, hold and manage bitcoin and other cryptocurrencies, assumption of the inherent market volatility risks and bitcoin’s current inability to scale. But for Danny Scott, the founder of Bitcoin services hub CoinCorner, and for reasons described in the article, “It’s only a matter of time before Amazon accepts bitcoin.”
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