Bitcoin can be used for purchases on Amazon using a lightning plugin

Moon is facilitating its users to spend their crypto via the company’s browser plugin, purchases via e-commerce websites, like Amazon.
Amazon directly themselves do not deal in Bitcoin or cryptocurrencies.

Ken Chigbo Independent Analyst

Moon, a crypto payment processing start-up has announced that they are facilitating any lightning-enabled wallet to be leveraged via Moon’s browser extension. It will allow for users to spend crypto on e-commerce sites such as Amazing, simply by connecting the browser extension to exchange accounts like Coinbase.

The CEO of Moon Ken Kruger said:

The extension will pop up a QR code and it will have the lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason, and you’ll be able to pay with your favorite lightning wallet.

Amazon itself never directly deals in any cryptocurrency. However, Kruger added that by 2020 the lightning-enabled feature should work on pretty much any e-commerce site, regardless of whether that platform accepts bitcoin directly. To be clear again, Amazon does not actually get hold of the Bitcoin themselves, this feature allows users to spend their crypto from their wallet on Amazon, via the plugin.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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