We all know that Amazon doesn’t have plans of accepting bitcoin for purchases anytime soon. It hasn’t stopped many of us from finding ways to use bitcoin to pay for goods on Amazon. There are instances where people buy Amazon gift cards in exchange for bitcoin through third parties. These services aren’t always reliable or trustworthy. Now, Coinjay is going to change all that.
Coinjay is a browser extension for the widely used Google Chrome browser. This free extension, available on Google Chrome Store gives you an option to pay for your Amazon purchases with bitcoin. Once you have the extension installed on your browser, you can visit Amazon site and select anything you want to buy (just like the way you always do). Once you reach the checkout page, you will find an additional “Pay with Bitcoin” option below the regular “Place your Order” button. Once you hit the “Pay with Bitcoin” button, you will be redirected to Coinjay’s Coinbase powered payment page. You can review and pay for your order with bitcoin either from your Coinbase account or any other wallet.
Even though it is not clear, but from the limited information available on Coinjay’s website, we can assume that it charges close to 10 percent of the bill amount or a flat fee of about $5 per bitcoin transaction. Coinjay is less than a week old and it has clocked about 25 installs plus 2 positive reviews so far on Google Chrome web store. Coinjay is developed by Richard Gong and Michael Lee, who are part of BayLaunch. BayLaunch claims to be a group made up of passionate designers and hackers from San Francisco Bay Area who build minimum viable products.
Going by that description of BayLaunch, we are not sure whether Coinjay will become a mainstream bitcoin payment alternative for Amazon or not. True to their description of Baylaunch (minimum viable product) Coinjay is not a completely functional product as it works only with Amazon’s US site (Amazon.com) and not with other country specific sites. Hope the developers fix this issue soon.