Are cryptocurrencies integrated into online markets? Like?

The modern era is based on efficient and innovative technological solutions that have the potential to adapt to the speed of our daily lives. If before people spent hours in the physical markets to shop, the development of the gigantic sector of the online market has made everything accessible with a single click.

The wide range of offers at affordable prices and with unreachable discounts often entices people to buy in these markets. The online marketplace allows users to make payments by credit and debit cards or with the cash on delivery option. But is there a possibility to pay in cryptocurrencies?

Cryptocurrencies and online markets

Most of the global population sees the growing popularity of cryptocurrencies as an evolution of the traditional payment mechanism. And today people are eagerly awaiting the integration between cryptocurrencies and online markets.

But cryptocurrencies still seem to be a far-fetched dream for online shoppers as the industry proves skeptical. Some of the biggest online markets include Amazon, Flipkart, eBay, Ziwame.

Amazon, the world's largest retailer, made no mention of cryptocurrency adoption as a payment method. However, industry critics say Amazon could trigger the popularity of cryptocurrencies if it decides to accept them for payments worldwide.

One of the main reasons Amazon doesn't accept payments in BTC is its CEO Jeff Bezos' approach to digital currency. Rumors suggest that anonymity and a lack of regulatory control over cryptocurrencies prevent Jeff from showing confidence in them.

In addition, some reports say that Amazon will likely implement its native digital currency in the future and is therefore unwilling to open the door to its potential future competitor.

Are there solutions to pay in cryptocurrencies today?

Currently there are solutions to be able to make purchases on Amazon using cryptocurrencies. Among these we mention Moon Browser, which has developed a browser extension to help people pay for their purchases on Amazon using BTC via Lightning Network, Litecoin, Ether or Bitcoin, or exchange them through software such as Bitcoin System.

After the correct installation of the Moon browser extension, the network automatically identifies when the user is on an Amazon checkout page and inserts his payment widget on it.

Moon allows users to pay with any Bitcoin wallet that works on the Lightning network. In addition, it does not charge any additional cost to customers, passing as a hot-shot solution for many buyers. There are also some platforms for the purchase of Amazon gift certificates through cryptocurrencies. Among these we mention Spectrocoin, Paybis, Gyft, and Bitrefyll.

Conclusion

The reach of the online market is vast and has the potential to bring together huge profits for investors in no time. Thanks to the unique features offered by cryptocurrencies, people from all over the world have started to accept them as their preferred payment method.

Cryptocurrencies are unlikely to have established themselves in the e-commerce sector due to the legal uncertainty surrounding them. However, companies are currently exploring the crypto sector and it is possible that we will soon be able to pay for our purchases on e-commerce sites using cryptocurrencies.