@sidsverma This is great, but will the order be placed from my account itself?
No, it will be made from our side.
How does the conversation to fiat happen back for Amazon?
Not in easy way. But we take this problem in our hands. That is the main aim of our service - make you forget about all this conversions.
My name is Dmitry and I am one of the creators of Coin2Shop.
In September 2018, together with the development team from Russia and Estonia, launched a plug-in to work with which any customer can pay for cryptocurrency goods on Amazon or eBay. Why did we do this? Because we are sure that there is a future for a crypto and blockchain ecosystem. And we want to bring it closer, helping to develop this ecosystem through a product that can be useful to its active users.
How to make a purchase? All that needs to be done after installing the plugin in order to purchase a product is to click "Buy with CoSinkevichin2Shop" on the online store website. You can also paste a link to the product in your account. Next - everything will go according to the familiar algorithm.
The plugin is installed on any of the existing browsers. To register on the Coin2Shop website enter your e-mail. For payment you can choose BTC, Ethereum.
For Product Hunt users who downloaded the plugin, we prepared special Christmas presents: crypto chocolate sets (with a surprise inside). Write us the address and we will send them to you by mail to your part of the world;).
Any questions about the product? Ask the maker!
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This is awesome.. congrats on launching.
What were your UX / technical reasons for choosing BTC + ETH as payment first?
@jhm_uk Thanks Jamahl. BTC and ETH are 1 and 2 place at crypto capitalization. So we hope many people have them. Anyway it is just start, and we will be glad to hear advices which cryptocurrency we need to add to make coin2.shop more flexible.
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I’ll recommend this to thousands of merchants when you also take LTC and BCH in addition to BTC. Good job!
Bitcoin going down, purchases for Bitcoin – grows
Coin2Shop analysts have published data about the number of buyers who use BTC and ETH to pay for goods in online shops has increased. And if in August the number of users of the company’s plug-in did not exceed 400 accounts, and the number of purchases for cryptocurrency was almost half less – 231 transactions from August 10 to September 10, then for the same dates from October to November the number of transactions increased to 6441 (an increase of 27.8 times compared with September of the same year).
“According to the company’s internal statistics, our users pays via BTC more often than ETH in a ratio close to 2 to 1”, – says company representative Dmitry Sinkevich, – “But we will not claim that this trend is permanent – we noticed it in the group we observed for last 4 months. In February 2019, we are preparing to publish a semi-annual report in which we can confirm or correct the growth figures, but the fact that the trend will not disappear anywhere is clear now. ”
Cost reduction of key cryptocurrencies has been observed for 12 months in a row. From November 2017 to November 2018 BTC fell by $ 6,218 and lost almost 80% of its maximum value (which was observed in December 2017), ETH became cheaper by $ 339.
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