Meet Moon – a startup founded by three individuals which now acts as a platform that is apparently helping the leading eCommerce site in the world Amazon to accept payments using BTC. Yes, Moon will help Amazon support Bitcoin payments through an infrastructure that is linked with the Lighting Network, Bitcoin, Litecoin or Ether.
The new payment system is not yet embraced by everyone. And while some eCommerce giants are looking to it as a real big thing, others rejected it on account of the fluctuating nature of digital currencies.
If you are wondering how the startup works or how Moon will help Amazon support crypto payments, the procedure is simple. Once you log into your Amazon account, the application automatically recognizes you and gives options to pay with crypto funds. Information about the amount going to be paid via cryptocurrency is usually displayed before the actual transaction.
The most interesting thing, however, is that the Moon startup does not charge a penny to the users for its service. Instead, it uses the prepaid value on Amazon so that while paying for the goods, the service is “automatically converting your crypto” and topping p your Amazon account to pay with your Amazon balance.
The Moon startup is everywhere in the Amazon cryptocurrency news. Moon will help the facilitation of crypto payments in the entire Amazon network and it can handle payments in two different ways:
- Through any Bitcoin wallet which is working with the Lighting Network (faster than normal transactions)
- Through the crypto balance on your Coinbase account – this was a big thing in the Coinbase news as all holders of accounts there can pay in a matter of seconds (the apps are interlinked)
Moon will help with Amazon cryptocurrency payments and unify the network in a new way. This is a concrete evidence of the expansion of crypto culture in every latest platform. For now, the service is available to users in the US and Canada but in the time coming, it will probably meet customers in Europe too – enabling them to make the very best use of the browser extension.
With more than 100 million users globally, Amazon will certainly benefit from Moon’s abilities.
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