If you want to buy things on Amazon using Bitcoin (available on Coinbase), you now can. All you need is the Bitcoin (available on Coinbase) lightning network and crypto payment processing startup Moon.

In time, the service will extend to many e-commerce sites also, not just Amazon. Let’s check this out.

Moon Payment Processing

The startup announced today that any lightning-enabled wallet can now be used through Moon’s browser extension.

Before this, the service could be used by connecting the browser extension to exchange accounts like Coinbase.

According to Moon CEO Ken Kruger, it works like this:

“[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.”

Moon Payment and Amazon

Customers should note that Amazon has nothing to do with the Bitcoin (available on Coinbase) payment. The conversion from Bitcoin (available on Coinbase) to fiat currency is taken care of behind the scenes by an unspecified third party.

Therefore, Amazon merchants receive fiat currency and never have to deal with Bitcoin (available on Coinbase), but the user gets to use Bitcoin (available on Coinbase) as he/she so wishes. Kruger maintains that the lightning-enabled feature should work on almost any e-commerce site by 2020 as “there’s no direct merchant integration.”

This is also regardless of whETHer that platform accepts Bitcoin (available on Coinbase) directly.

Aside from Bitcoin (available on Coinbase), Moon also manages payment channels, offering an interface for sending payments. As Kruger furthered:

“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.”