Apr 22, 2019 18:30 UTC
Apr 28, 2019 at 17:28 UTC
Now You Can Shop On Amazon and Pay With Bitcoins, Thanks To A Browser Extension
We have already explained to you whether Bitcoin can be used to pay on Amazon and now with a new innovative spin on the Lightning Network, users can definitively pay via Bitcoin on Amazon. Soon, such a facility will become available for most users.
This new facility is the result of an initiative taken by Moon, a crypto payment processing company. Moon recently announced that any user who is registered with a Lightning wallet can make use of the payment processor’s newest browser extension to pay this way. Using the extension as an intermediary, buyers on Amazon can purchase products and services against Bitcoin (BTC) payments.
This new innovation does not necessarily mean that Amazon itself will start accepting Bitcoins in exchange for the goods and services sold. Even so, the addition of this new intermediary in the form of a browser extension can be a great help to crypto users who regularly use Amazon as the e-commerce site of their choice. This will enable them to have a great deal of convenience while shopping online.
Ken Kruger, who is the Chief Executive Officer (CEO) of Moon, spoke to a crypto media outlet about this new development and explained how it works in the following words:
“[The extension] will pop up a QR code and it will have the lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason, and you’ll be able to pay with your favorite lightning wallet.”
According to Kruger’s explanation, the process seems really simple, even for someone who has just started using Bitcoins. He has been careful to clarify that Moon has not managed to clinch any “direct integration”. This means that Amazon, as a company, will not touch the Bitcoins directly. Moon will take charge of the payment processing and hand over the fiat to the Amazon vendor after conversion. The payment gateway for this is set to open on 24th of April, 2019.