A petition on Change.org is urging Amazon to accept Bitcoin and Litecoin as forms of payment. The petition has almost 4,000 supporters and is beginning to gain momentum.
The petition, addressed to CEO Jeff Bezos, lays out the argument as follows:
Amazon should show continued leadership in innovation by eagerly accepting two of the most trusted and proven cryptocurrencies in existence: Bitcoin and Litecoin.
Acceptance and intelligent integration of these efficient and groundbreaking payment methods will lead to more streamlined commerce and an improvement in the purchasing experience for the many millions who shop Amazon. This logical expansion in the payment options for Amazon's customers would help to proactively modernize the purchasing process and ultimately improve quality of life by bringing together the most efficient distribution systems with the most efficient and convenient payment systems available.
If accepted, this would be a huge boost for the cryptocurrency world. Many believe that cryptocurrency prices are experiencing a bubble, but if Bitcoin continues to be used in more and more mainstream locations, I believe the current valuation is just the beginning. Keep in mind that, if this happens, and you attempt to buy Bitcoin when you hear the announcement that Amazon will begin accepting it, you will likely have already missed most of the price spike that it will cause. The best play, as always, is to accumulate and hold. That is just my personal opinion.
View and contribute to the petition here: https://www.change.org/p/jeff-bezos-amazon-com-should-accept-bitcoin-and-litecoin-cryptocurrency-as-payment-methods-asap