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Re:Amazon denies report of accepting Bitcoin as payment by paxys on Monday July 26, 2021 @07:19PM (#27966708)
There is already an Amazon "coin". It's called your gift card balance.

If you mean they will try to move away from USD (or other national currencies), there is absolutely zero incentive for them to do so. And how will they pay their wholesalers, vendors, employees, taxes?

Re:Amazon denies report of accepting Bitcoin as payment by EE84M3i on Monday July 26, 2021 @11:27PM (#27968300)
Amazon gift cards are marketplace specific. You can't buy a gift card in the UK and use it in the US.
Re:Amazon denies report of accepting Bitcoin as payment by paxys on Tuesday July 27, 2021 @01:10AM (#27968872)
That's a restriction placed by Amazon itself. They could remove it tomorrow if they wanted to, and doing so would be a lot easier than creating their own currency.
Re:Amazon denies report of accepting Bitcoin as payment by rchaud on Tuesday July 27, 2021 @11:17AM (#27973453)
Gift card balances are liabilities on the balance sheet of each country or regional office in which that card is valid. From a software standpoint it probably isn't much more than a flick of a switch. From a financial reconcialiation point of view however....
Re:Amazon denies report of accepting Bitcoin as payment by atatatat on Tuesday July 27, 2021 @10:03AM (#27972581)
Not so fast.

If they allow that with USD et al, they're more liable in more "currently on the books" ways than if they started letting people send Ama-coin across the globe.

Re:Amazon denies report of accepting Bitcoin as payment by fnord77 on Monday July 26, 2021 @07:38PM (#27966869)
I'm sure they'd want nothing more than to be able to pay their employees with amazon gift cards so the only place they can spend their earnings is at the company store.
Re:Amazon denies report of accepting Bitcoin as payment by uncoder0 on Monday July 26, 2021 @08:53PM (#27967380)
I don't doubt that they love the company store model. I've been offered AWS credits in lieu of cash for contract work.... after the cash amount was agreed to in writing and work was performed.
Re:Amazon denies report of accepting Bitcoin as payment by chii on Monday July 26, 2021 @11:49PM (#27968405)
how would the worker pay their taxes, if amazon did that? Presumably, the US gov't will not accept amazon gift-card in lieu of cash.
Re:Amazon denies report of accepting Bitcoin as payment by atatatat on Tuesday July 27, 2021 @10:04AM (#27972590)
You think most Amazon warehouse workers make enough to pay taxes?
Re:Amazon denies report of accepting Bitcoin as payment by throaway46546 on Monday July 26, 2021 @11:09PM (#27968210)
Don't a lot of mechanical turk workers get paid in gift cards?