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

Read this next

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

Fintech, Uncategorized

BitMEX integrates HALO from Solidus Labs for cross-market surveillance

“The recent approval of the Spot Bitcoin ETF has piqued the market’s interest. As a result of price volatility, the trading volumes for crypto derivatives have gone up substantially. HALO, with its advanced technology and crypto-native detection architecture, will enable BitMEX to smoothly and safely scale trade surveillance across its increased trading volumes and provide the necessary safeguards for new product launches.”

Reviews

IUX Broker Review

IUX, recently rebranded from IUX Markets, stands as a multi-asset Forex broker recognized for its regulatory compliance across various jurisdictions.

Industry News

Horizon Software rebrands to Horizon Trading Solutions

“Horizon Trading Solutions has seen accelerated global growth over the past year to meet the rising demand for our trading solutions and built-for-purpose technology offering. The choice to rebrand represents a key part of this development, while maintaining our heritage and history in the industry.”

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

<