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Price predictions

Amazon will start selling goods for cryptocurrency

23 Apr 2019   #Bitcoin

Major cryptocurrencies continue to rise in price amid reports that Amazon will start selling goods for digital money. So, Bitcoin, Litecoin and Ethereum will be accepted for payment. Online shopping requires a digital wallet with support for the Lightning Network. In order to pay for their purchases with cryptocurrencies, the client must have an account on the Coinbase digital exchange. Cryptocurrency payments for purchases on Amazon are now also possible using Moon startup technology.

The developers came up with an alternative way to pay for goods on the Internet. They offer a browser extension with which you can purchase items for Bitcoin, Litecoin and Ethereum. By 2020, support for the Lightning Network will be on virtually any e-commerce site, regardless of whether this platform accepts cryptocurrency directly or not. The developers do not interact with representatives of Amazon, but work together with the payment networks Visa and Mastercard, who are ready to lower fees for such transactions.

Against the background of this news, the bitcoin rate at 10.30, according to Libertex, increased by 4.27% in a day to $ 5,545 with a capitalization of $ 98.2 billion. Another driver of the future growth of Bitcoin will be the generation of millennials. Having managed to catch the economic crisis of 2008, they are less likely to trust banks and governments, choosing alternatives such as Bitcoin. The situation "has noticeably improved by the beginning of 2019," and more and more investors began to hold their positions again. For example, in April, the number of long positions on the Bitcoin futures on the Chicago exchange (CME) significantly increased.

Ethereum by this time has risen in price by 2.05% - to 175.7 dollars with a capitalization of 18.5 billion dollars. XRP for the day strengthened by 0.31% - to $ 0.325, its capitalization amounted to 13.7 billion dollars. An additional positive for this cryptocurrency was the news that the American company BelcoBTM added XRP support to its cryptomattes. Litecoin rose in price by 1.77% - to 79.1 dollars with a capitalization of 4.8 billion dollars.

The total capitalization of the crypto market has reached $ 184.6 billion. According to financial scouts, in the near future the market will continue its upward movement. Bitcoin went through the “bottom”, and the accumulation stage has now begun - the first stage of the future bull market, when investors start preparing for the next rally. Thus, Bitcoin can go up to $ 5,600, Ethereum - up to $ 177, Litecoin - up to $ 80, and XRP - up to $ 0.36.


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