Cryptocurrency payment start-up Moon has launched a service which will enable customers to pay on ecommerce sites like Amazon with Bitcoin.
Moon, which was founded last year by three people with an investment of just $100,000, will allow any shopper with a lightning-enabled wallet to pay using Bitcoin from April 24.
Users can add an extension to their internet browser which allows them to convert their cryptocurrency outside of the website they’re shopping on, without the need for “direct merchant integration”.
Moon’s chief executive Ken Kruger told Coinbase that this feature should work on almost any e-commerce site by 2020, regardless of whether the site accepts Bitcoin directly or not.
“(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,” he added.
“We’re integrating with the Visa and Mastercard networks and we get a cut of the interchange fees that merchants pay every time they receive a credit card transaction.