A new browser extension now enables customers to make payments on Amazon using cryptocurrencies.
Developed by fintech and crypto firm – Moon Technologies Inc, the Moon browser extension offers users an online gateway to buy goods with Bitcoin (BTC) via the Lightining Network.
According to the report, it defines the role of the Lightning Network thus: “What the Lightning Network does is it establishes a payment channel that is outside of the main blockchain – a.k.a. off-chain approach – that enables multiple transactions without affecting the main block. This makes multiple small purchases possible without incurring hefty fees.”
Customers can use any Bitcon wallet (such as Electrum) which offers support for Lightning Network to make instant cryptocurrency transactions. Other supported cryptocurrencies by the Moon extension include Ethereum (ETH), Litecoin (LTC) and BitcoinCash (BCH).
The web extension is currently available on various internet browsers including Google Chrome, Opera, and blockchain browser Brave.
See here: https://chrome.google.com/webstore/detail/moon-shop-with-bitcoin
At this time, the Moon service is only operational in the United States, with expected expansion to other countries soon.
Note that: While e-commerce brands such as Newegg, Overstock.com and other major retailers have already integrated crypto payments, Amazon is yet to add this option. What the Moon extension does is to convert crypto payments to fiat (cash); and send to Amazon without any additional fees.