Good news for users of the Copay Bitcoin wallet – you now have a new way to access all the millions of products on Amazon and some of its affiliated websites. BitPay Inc, has announced a new feature on the latest version of the Copay wallet – using bitcoin to purchase Amazon Gift Cards directly within the app. Join the industry leaders at the Finance Magnates London Summit, 14-15 November, 2016. Register here! With the new feature Copay users can purchase Amazon gift cards for the exact USD value they need for a purchase, starting at $1 and increasing in penny increments all the way up to $500. The codes that represent the value are stored on the Copay app, but are not backed up with the bitcoin wallet backups – making them more suited for making an immediate purchase than for holding long term. If Time is Money, Why Don’t Funds Move Fast Enough for Traders?Go to article >> Join the iFX EXPO Asia and discover your gateway to the Asian Markets The last time we wrote about the online retail giant in the context of cryptocurrencies was in May when a former top Amazon executive launched a new Bitcoin wallet. Gene Kavner, a former Worldwide Director of Amazon Associates, the world’s largest affiliate program, created iPayYou – a Bitcoin wallet that enables consumers to cancel transactions. Back in June Worldcore, a Czech Republic-licensed payment institution, began accepting bitcoin payments thanks to a partnership with BitPay. The digital banking firm offers its over 7,000 customers the ability to use the digital currency to top up their accounts and prepaid debit cards.
BitPay's latest update of its Copay wallet will enable users to make bitcoin purchases of Amazon gift cards valued 1 in penny increments. The gift cards are said to be more suitable for immediate use rather than long-term holding, however, because their valuation codes are only stored on the Copay app and are not backed up.