E-commerce sites like Amazon won’t receive crypto as the payment, instead, they receive fiat because the backend processes the transactions and converts the crypto into dollars. Are you curious about how the check out works? Here’s what Ken Kruger, the CEO of “Pay with Moon”, said in an interview:
“[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.”
Sadly, “Pay with Moon” has no direct partnership with e-commerce giants like Amazon. They do however receive a cut from the same transaction fee that visa and MasterCard get when credit card transactions take place. “Pay with Moon” raised $100,000 through an accelerator and was able to achieve such a tremendous technological feat. This proves that millions of dollars aren’t needed when the mission is sincere and direct.
