The new Moon browser extension will let you use your Lightning-enabled Bitcoin wallet to buy stuff on Amazon. Don’t pop the champagne just yet. This isn’t the “Amazon accepts Bitcoin!” news the industry has been anticipating for years. But the news is far from a nothingburger as well. Let’s take a look at why the Moon extension is just another reason to feel ever more (cautiously) optimistic about Bitcoin news in 2019.
Firstly, Moon might seem like just another crypto payment app, but it actually represents some pretty nifty integrating with VISA and MasterCard. Moon (the company) has created an agreement with these mammoth payments networks and will receive a cut of the interchange fees that happen every time someone uses VISA/MasterCard through Moon.
So, while Amazon remains elusive, this news means that VISA and MasterCard are more than willing to play ball with crypto payments companies. At the very least, clever blockchain engineers have found a way to interface between the Lightning Network and third-party…