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Spend Bitcoin on Amazon, Thanks to Moon and the Lightning Network

Chris Chiddle
Looking to spend your bitcoin on Amazon? | Source: Shutterstock

By CCN.com: You can now spend your bitcoin on giant Amazon, thanks to an ingenious lightning network solution, Moon.

Moon is a crypto payment-processing start-up that works by allowing lightning network-enabled wallets to be used through Moon’s browser extension.

The extension allows shoppers to connect their cryptocurrency wallet to it, for example, a Coinbase wallet, and use it at checkout, to pay for goods with bitcoin, or one of three other currencies, litecoin, ethereum or bitcoin cash.

Let’s be clear it’s not a native Amazon payment option … yet.

To the Moon! The Moon team: Left to right: Kemel McKenzie – Lead Developer, Ken Kruger – Founder and CEO, Khurram Kalim – Head of Marketing. Source: Moon

Simplicity

In an interview with CCN.com CEO Ken Kruger explained how Moon worked:

Simply: After installing the Moon browser extension you shop on Amazon.com as you normally would. At checkout, Moon gives you the option to pay with your crypto. When you submit payment, your purchase is completed instantly and seamlessly on Amazon … We’ll be expanding to other wallet integrations and currencies.

Read the full story on CCN.com.