A new browser extension offered by Moon will now allow you to pay for purchases on Amazon using Bitcoin, Litecoin, or Ether.
Moon is a three-person startup that lets you make payments for items on Amazon using Bitcoin via the Lightning Network, Bitcoin, Litecoin or Ether. Moon has released a desktop browser extension for Brave, Google Chrome, and Opera so far.
According to TechCrunch, Moon lets you pay using two different methods. The first will allow you to pay with any bitcoin wallet that works on top of the Lightning Network. The second way, normal Bitcoin transactions, can take minutes to be confirmed on the Bitcoin blockchain. The Lightning Network lets you open a payment channel between Lightning nodes to enable fast transactions. Moon will also let you pay with your crypto balance on your Coinbase account. So if you have Bitcoin, Litecoin, Ether, or any other cryptocurrency in your Coinbase wallet, you can pay in seconds with Coinbase’s API.
Behind it all, Moon uses prepaid value on Amazon. So when you pay with Moon, the service automatically converts your cryptocurrencies, fills your Amazon account with fiat currency, and pays with your Amazon balance. And with all of this, Moon doesn’t charge additional fees.
This article is not intended to be financial advice. As always, do your due diligence before investing, and never invest more than you can afford to lose.