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.
Alex DovbnyaAnother 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.
Yuri MolchanBack 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.
Yuri Molchan
Vladislav Sopov
Dan Burgin