Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
When will Amazon start accepting Bitcoin?
The volatility of cryptocurrencies is not very encouraging for commodity sellers. If Bitcoin can lose 70% of its value in a few days, then accepting it as payment is very risky. Let’s add to this the ambiguity in the legislation and problems with the tax authorities. As a result, many companies refused to accept digital money. To buy goods of world brands for bitcoins, you have to go to foreign sites on the Internet.
Amazon is the largest platform where you can buy almost everything. But for now, purchases can only be made using fiat. If Amazon and Bitcoin begin to cooperate, a lot of the inconvenience associated with the lengthy payment process and significant commissions will disappear. Additionally, if Amazon accepted Bitcoin, it would play a key role in the adoption of cryptocurrencies around the world. While it is not possible to buy goods with cryptocurrency on Amazon, it appears on other sites. But without a legislative framework and regulation, the Internet giant will not be able to be open to new solutions.
Therefore, we share the useful service purse.io. This is an intermediary where you can buy goods for cryptocurrency on Amazon and even gift cards for Airbnb, airlines, etc.
In addition, the service provides additional benefits to Bitcoin users by awarding 5% bonuses on the cost of purchases directly from Amazon.
So, let’s tell you how it all works.
Let’s say you want to buy a phone and you have cryptocurrency. You need to go to the website and fill out a purchase request. Registration takes a couple of seconds, especially if you register using Facebook or Google+.
Go to Amazon and create your wishlist by adding the item you want.
Ready!
Copy the wishlist link as shown in the screenshot.
On the main page of purse.io, click the ‘Import wish list’ button and paste the link in the window that opens by scrolling down.
Now you select the necessary products (in our case there is only one) and fill out a purchase request.
Next, you need to top up your balance on the site to make purchases. You can do this in your personal section on the ‘Wallet’ tab, using one of two cryptocurrencies to choose from: Bitcoin or Bitcoin Cash. Scan the QR code to send funds using your phone, or copy your Bitcoin address.
What happens next? Another user who needs bitcoins agrees to buy the desired product for fiat, receiving BTC coins in return. In this case, Amazon receives regular money, you receive the desired product, and your intermediary receives cryptocurrency.
In general, the site allows you to use three functions:
- Search for products on purse.io itself in categories. They can then be added to your cart. However, we were never able to use this function.
- Import your wishlist from Amazon and purchase through purse.io. This is exactly what we described. The site promises to remember your choices so you can make repeat purchases.
- For those who are not going to make purchases with bitcoins, there is an opportunity to earn them by fulfilling customer orders.
Almost forgot. The service provides the “name your own discount” service. When uploading a wishlist, users can specify the desired discount on their purchase.
For those who want to earn extra money on the site, there is a referral program in which both the user and the friend they refer receive $5 each after a purchase of $100 or more.
We recommend finding out what you can buy for Bitcoin in Ukraine.
