INSUBCONTINENT EXCLUSIVE:
Meet Moon, a three-person startup that lets you pay for stuff on Amazon using bitcoin via the Lightning Network, bitcoin, Litecoin or Ether
The company has released a desktop browser extension for Google Chrome, Brave and Opera.While some e-commerce retailers let you pay with
cryptocurrencies, the biggest e-commerce platforms have yet to accept cryptocurrencies
Moon doesn’t want to wait, and wants to make it possible to pay with cryptocurrencies using current payment methods.After installing the
extension, Moon automatically recognizes when you’re on an Amazon checkout page and inserts the company’s own payment widget
You can see how much you’re going to pay in cryptocurrencies before accepting the transaction.Right now, Moon lets you pay using two
You can pay with any bitcoin wallet that works on top of the Lightning Network
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 also lets you pay with your
crypto balance on your Coinbase account
This way, if you hold bitcoin, Litecoin, Ether, etc
on your Coinbase account, you can also pay in seconds by leveraging Coinbase’s API.Behind the scene, Moon uses prepaid value on Amazon
When you pay with Moon, the service automatically converts your cryptocurrencies, tops up your Amazon account and pays with your Amazon
Moon doesn’t charge additional fees.In the future, Moon plans to expand beyond the U.S
and Canada and let customers in Europe use the browser extension
Similarly, Moon wants to expand to other e-commerce websites
Moon participated in the Entrepreneurs Roundtable Accelerator.
