Finance Feeds logo

Former Amazon Worldwide Director Brings Bitcoin to Amazon with iPayYou

The world’s most consumer-friendly bitcoin wallet launches “Amazon Direct” in time for Holiday Shopping Season iPayYou.io, a Seattle-based company making Bitcoin a useful currency for all, today announced “Amazon Direct,” an unprecedented way for Amazon to effectively accept bitcoin from consumers. The feature has been under development for months by iPayYou, whose CEO is Gene […]

The world’s most consumer-friendly bitcoin wallet launches “Amazon Direct” in time for Holiday Shopping Season


iPayYou.io, a Seattle-based company making Bitcoin a useful currency for all, today announced “Amazon Direct,” an unprecedented way for Amazon to effectively accept bitcoin from consumers. The feature has been under development for months by iPayYou, whose CEO is Gene Kavner, a former worldwide director at Amazon.

iPayYou’s “Amazon Direct” allows users to seamlessly transfer any dollar amount of bitcoin from their existing bitcoin wallet on iPayYou to Amazon. iPayYou has added a new “Amazon Direct” tab to the platform, where users can determine an amount of bitcoin to transfer. After specifying the destination account at Amazon.com, “Amazon Direct” becomes a one-click feature where users can exchange their funds from Bitcoin on iPayYou to USD on Amazon in seconds. Upon completion of the transfer, users will be able to purchase items as they please and take advantage of their bitcoin on the leading global marketplace.

“Amazon Direct is the best way to spend bitcoin: after determining what you want on Amazon, you can ‘automagically’ transfer bitcoin from iPayYou to Amazon. Amazon Direct is revolutionizing the way consumers are able to spend their bitcoin by granting them access to buy more than 100 million products at the world’s largest store,” said Gene Kavner, iPayYou Founder and CEO.

“During my time as an executive at Amazon, we closely studied the friction points and obstacles faced by shoppers, including and especially with payments. Bitcoin is a solution to so many of those problems,” added Kavner. “That’s why today – in time for the holiday season –we’re launching the most direct way to spend bitcoin anywhere, starting with the world’s largest retailer.”

This latest feature follows iPayYou’s recent gift card integration, which allows users to instantly purchase original gift cards with bitcoin from some of the most prominent retailers including Starbucks, Amazon, Best Buy and iTunes.

iPayYou’s secure and easy-to-use wallet enables its users to buy, sell, send, and receive bitcoin.

In addition, it boasts distinguishing features including the ability for users to cancel transactions and send payments via email and Twitter, all without requiring the recipient to have a pre-created account or bitcoin wallet of any kind.

“We want bitcoin to be the everyday default currency. The only way for that to become a reality is to provide consumers with practical ways to spend their bitcoin — that is our grand mission, something the team at iPayYou is working tirelessly to achieve,” said Kavner.iPayYou Logo

Subscribe

Read this next

Interviews

CloudMargin’s Stuart Connolly on how to manage collateral amid high rates at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Stuart Connolly about CloudMargin’s SaaS platform, said to be the only cloud-native collateral and margin management system in the industry, at a time of stress due to rising interest rates.

Interviews

Baton Systems’ Alex Knight on solving post-trade with DLT at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Alex Knight about Baton Systems’ about rising settlement fails, collateral management, and the profile of DLT beyond cryptocurrencies.

Industry News

Wise claims 92% of banks hide or inflate FX fees despite Cross-Border Payments Regulation 2

“Banks continue to exploit loopholes in EU regulation to mislead their customers and overcharge them through fees hidden in inflated exchange rates.”

Industry News

Goliath Partners opens Miami headquarters to recruit C++ developers for fintech and trading

I’m extremely excited to be pursuing this venture and having the backing of such knowledgeable entrepreneurs who have seen success time and time again. We’ve already made brilliant headway working with leading investment houses and trading exchanges. It’s just the start, but we’re already making a huge difference with our work.”

Industry News

IOSCO calls for cooperation against cross-border scams, greenwashing, misconduct, and fraud

“Regulators need effective resources, practices, tools, and techniques to promote consumer protection and market integrity, which is supported through participation in critical multilateral forums such as IOSCO.”

Institutional FX

Archax rolls out tokenization engine as LawtechUK confirms legal standing of tokens

“As the UK’s first FCA regulated digital securities exchange, we are now building on this to pave the way to make traditional assets interoperate with Web 3.0.”

Technology

Broadridge migrates bond e-trading platform LTX to AWS

“LTX is committed to offering innovative e-trading technology that facilitates transparency and liquidity discovery. By migrating to AWS, LTX can leverage the scalability of the cloud to continue to deliver enhanced data and execution capabilities to our clients.”

Executive Moves

CME Group taps Tim McCourt as Head of Financial & OTC Products as Sean Tully retires

“We appreciate the leadership Sean provided over the past decade for our financial products businesses, which included the successful migration to SOFR derivatives that now serve as the leading tool for hedging short-term interest rates. We are fortunate to have Tim McCourt, who has extensive experience across financial products, to lead these important business lines that allow our clients to manage risk in key asset classes.”

Industry News

Euronext’s ELITE launches WTC Lisboa academy to promote Portuguese companies

“The launch of this project helps shape our aligned objective of supporting entrepreneurs and executives in upskilling and empowering their strategies and business opportunities. For WTC Lisboa, this represents a milestone in its strategy of promoting the internationalisation of the Portuguese economy.”

<
✖