Crypto-processing startup Moon announced the launch of a browser extension that allows to pay on Amazon with Bitcoins using any wallet that supports Lightning Network technology, CoinDesk reports. It is also possible to connect accounts on the Coinbase exchange for making calculations using the cryptocurrencies supported by it. Prior to that, about 250 people who had access to the beta software release could meet the possibilities of the wallet.
[The extension] will pop up a QR code and it will have the lightning invoice, which you could also copy and paste if you can’t use the QR code for some reason, and you’ll be able to pay with your favorite lightning wallet.
Moon Extension at Amazon Checkout
At the same time, Amazon itself does not interact with cryptocurrency. Moon refuse to disclose which traditional payment channels they use to convert Bitcoins into Fiat, which is then used to settle with sellers. According to their expectations, by 2020 the opportunity to pay for goods via the Lightning Network will be available “on almost all e-commerce sites,” regardless of their relationship to cryptocurrencies.
There’s no direct merchant integration. We’re integrating with the Visa and Mastercard networks and we get a cut of the interchange fees that merchants pay every time they receive a credit card transaction.
The extension is already available for download on the project website, but currently only supports Amazon.