A new browser extension called Moon allows shoppers to pay for products on Amazon using cryptocurrencies.
To use the extension, users must first download it and make an account. Users must then connect their Coinbase account, which will allow them to make purchases directly using their Coinbase wallet. At the moment, Coinbase is the only supported exchange, but there are reportedly plans to add more exchanges to the extension in future.
The Moon Technologies website also details how other e-commerce sites like eBay and Walmart will eventually be added.
The company state that Moon will recognise when you are in the checkout process, at which point users will be able to click on ‘Pay with Moon’ to complete the purchase “instantly and securely.” According to a Medium post, the Moon browser is also believed to not charge fees.
Coin Rivet researched Moon Technologies and found a Reddit post from two months ago where user binarytree discussed the company’s plans to create a browser extension that lets users shop anywhere with Bitcoin.
It is somewhat refreshing to see a company be transparent about what information they will collect and who they will distribute it to. However, there is no doubt this will irk many in the crypto space.
In any event, the ability to pay on Amazon with cryptocurrency is a big step toward mainstream adoption.
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.