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You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon

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  • Alex Dovbnya
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    A new browser extension allows making payments on Amazon with the help of top cryptocurrencies

You Can Now Pay with Bitcoin, Ethereum, or Litecoin on Amazon
Cover image via 123rf.com

Amazon users can now buy goods with Bitcoin via the Lightning Network because of a new startup called Moon.

According to TechCrunch, the company with a flashy name has just released a browser extension that will allow making payments on the biggest e-commerce platform. 

You can use any Bitcoin wallet with the Lightning Network support in order to make instantaneous transactions. For instance, Electrum, one of the most widely used Bitcoin wallets, now supports the popular off-chain scaling solution. 

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eBay Is Rumored to Start Accepting Crypto Payments

eBay Is Rumored to Start Accepting Crypto Payments

Another option is to link the extension to your Coinbase account and make a payment with Bitcoin, Ethereum, or Litecoin while leveraging the API of the number one cryptocurrency exchange in the US. 

While Overstock.com, Newegg and some other major retailers have already embraced crypto, Amazon is yet to move in this direction. Moon makes the magic happen by converting crypto to fiat without charging additional fees. 

As of now, the service is only available in the US, but Moon soon plans to expand to other countries.     

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Forbes: Japanese ‘Amazon’ Rakuten May Push Bitcoin to Future Highs

Forbes: Japanese ‘Amazon’ Rakuten May Push Bitcoin to Future Highs

Back in May, U.Today reported how Flexa's payment app Spedn allowed Whole Foods, Crate and Barrel, and other brick-and-mortar retailers to accept crypto payments.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff

ByBit
  • Alex Dovbnya
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    Gold proponent Peter Schiff thinks that Bitcoin evaporating its 40 percent pump proves that it's a pump-and-dump scheme

Bitcoin Is Classic Pump-and-Dump Scheme, Says Peter Schiff
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Euro Pacific Capital CEO Peter Schiff has come up with a new insult for Bitcoin, calling it "a classic pump-and-dump scheme."

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Peter Schiff Reacts to Sudden Bitcoin Price Drop: "Get Ready for the Dump!"

Peter Schiff Reacts to Sudden Bitcoin Price Drop:

"You're being played"

Schiff continues to assert that Bitcoin's 40 percent pump on Oct. 25 was the result of price manipulations. The fact that Bitcoin's has completely trimmed these gains in just four weeks definitely flies in the face of bulls.

The gold bug explains that the pump was meant "to sucker in" momentum buyers to dump their bags later. This is supposed to be a wake-up call for all buyers.

Earlier, Schiff lambasted Bitcoin holders for not being able to see through the shenanigans of whales who are selling their coins on the verge of a major price.        

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Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

Bitcoin Price Could Drop to $2,000 or Even to $200, According to Peter Schiff

Other bears are waking up 

Mark Dow, the trader who famously shorted Bitcoin at its current all-time high, recently resurfaced on Twitter with a succinct "Bitcoin is dying" tweet, which came in handy right on the verge of Bitcoin's drop to the $7,500 level.     

While some bulls might be tempted to dismiss Bitcoin price moves recorded on the lower time-frames as "noise," the long-term picture is also gloomy. As reported by U.Today, crypto market analyst Willy Woo opined that Bitcoin might not replicate the success of previous halvening cycles due to its unusual bearishness. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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