Two Startups Team up to Allow Amazon Purchases with Ethereum

dazeinfo.com

Two blockchain-centered startups have inked partnership to allow Amazon purchases with ethereum.

In a press release published on June 13, crypto payments company CLIC Technology stated it is partnering with blockchain infrastructure provider and B2B platform Opporty to create an app-like browser extension enabling Amazon customers to pay for goods in the ether (ETH) token, even though Amazon itself does not accept digital currencies.

The initiative will be based on Plasma Cash, a technology revealed last March by ethereum founder Vitalik Buterin. Opporty’s execution of the concept—a payments scaling solution like bitcoin’s lightning network— “will bring a modern day cryptocurrency economy one step closer to becoming a reality,” CLIC said in the release.

The company added that the implementation of Plasma Cash would “dramatically accelerate” the speeds of transaction when matched with those on the ethereum blockchain.

“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries,” CLIC Technology CEO Roman Bond said. “We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.”

The two companies consider developing similar payment products for other cryptocurrencies too. They are currently considering ERC-20, ERC-721, and other ethereum standards as options.

The release said that CLIC Technology is building a crypto-payment platform dubbed CLICPay, which is now in the pilot phase.