New Moon Browser Extension Allows Users to Shop and Buy on Amazon with Cryptocurrencies

There is a web browser extension that is allowing customers to purchase products on Amazon and pay using cryptocurrencies. This is very positive for the crypto space and adoption since one of the critics that Bitcoin received was that there were just a few places available to purchase goods using virtual currencies.

The information was released on Twitter by @Bitcoin on January 23. Now, it will be possible for users to pay using Bitcoin (BTC) and Bitcoin Cash (BCH) when they make purchases in Amazon.com.

https://twitter.com/Bitcoin/status/1088240048879722496

In order to use the extension, the user has to download it and create an account. After it, using their Coinbase account, the individuals will be able to make purchases using their Coinbase wallet. In the future, the intention is to add more exchanges and platforms.

At the same time, moon Technologies explains that there will be other e-commerce sites such as eBay and Walmart added to their extension. This would increase the number of purchases in digital assets.

As soon as users are in the checkout moment, Moon will recognize this and it will display a button that says ‘Pay With Moon.’ Most importantly, according to a blog post released by Columbia Venture Community, the company does not charge any fees for the whole process.

Kenneth Kruger, the founder and CEO of Moon, commented about the decision to offer these payments:

“The timing for Moon is perfect. Adoption of cryptocurrency is growing and there is an increasing demand to be able to spend cryptocurrency in lieu of fiat currencies. Cryptocurrency payment volume is now in the hundreds of millions of USD a month and this figure is growing triple-digit percentages annually.”

According to Coin Rivet, Moon is very open about its privacy policy. The firm collects data from users such as their first and last name, email address, cookies and data usage, among other information. The intention is to be compliant with all the KYC and AML policies and requests from governments and regulatory agencies.

There are several other sites that allow users to purchase using virtual currencies. Indeed, there are even some jurisdictions that are already accepting digital currencies as a means of payment for taxes.

Moon is going to help increase the adoption of virtual currencies by allowing individuals to use digital assets and pay for the things they need on different sites.