Startup Moon opened the opportunity to buy goods on Amazon for bitcoins

Startup Moon opened the opportunity to buy goods on Amazon for bitcoins

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Startup Moon opened the opportunity to buy goods on Amazon for Bitcoins Clients of Amazon online marketplace will be able to purchase goods for cryptocurrency Bitcoin, Litecoin and Ethereum. To do this, you need a Lightning wallet or an account on the Coinbase exchange.

According to CoinDesk, the developers of the Moon processing service have created a browser extension that can interact with any wallet that supports the Lightning Network (LN) technology. This extension allows you to buy products at various online sites, including Amazon.

The new option is still in beta, but about 250 people have already taken advantage of it. The screenshot below illustrates the process of purchasing goods using the Moon extension and LN wallet: You can make payments on Amazon.com not only with the help of Lightning Network technology, but also through your Coinbase account.

The developers stressed that the service does not interact directly with merchants, but works together with the payment networks Visa and Mastercard. It is noteworthy that the latter are ready to reduce fees for such transactions.

Thus, the service works by analogy with BitPay – Bitcoin payments from customers are immediately converted into fiat currency, which is then sent to merchants. Representatives of the Moon did not indicate with which financial institutions their processing service interacts.

Moon CEO Ken Kruger expressed the opinion that by 2020 Lightning Network support will be implemented on almost any e-commerce site, regardless of whether the platform accepts cryptocurrency directly or not. Also, according to him, the service is preparing for a round of financing for Series A, to be held this year.

Earlier, the head of Binance Changphen Zhao expressed the opinion that someday Amazon will release its own cryptocurrency, setting an example to other companies.

Startup Moon opened the opportunity to buy goods on Amazon for bitcoins

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