Crypto Companies Offer Deals to Amazon Prime Day Shoppers

As Amazon offers deep discounts this Prime Day, a few crypto companies are also rewarding their users through special deals during the two-day eCommerce extravaganza.

Fold, a payments platform that recently introduced a lightning network protocol, is offering a $5 Amazon gift card for clients that spend over $50 through its platform.

Spend $50 or more at Amazon via Fold and we'll drop a $5 Amazon card into your account during #PrimeDayAmazon pic.

The company created a solution which allows it to connect with online and in-store sales systems to enable its users to transact with major retailers - including Amazon, Whole Foods, and Southwest Airlines - in bitcoin.

"We figured that offering a 5 percent discount on Prime Day would both reward the hodlers and also incentivize folks to learn more about crypto. Who doesn't want to save an extra 5 percent? Maybe you have a friend who's been skeptical about Bitcoin and that extra 5 percent off on Prime Day is just the incentive needed to get them to give it a try. Adoption is good for everyone."

Moon's 4,000 users will also receive Amazon Prime Day discounts even without Prime membership.

While Moon is currently only available on Amazon.com, the company will expand its offerings to "New merchants in the coming weeks, like Nike" and will expand international access through Amazon.

Launched in 2014, Purse, a marketplace that connects those looking to buy bitcoin with a credit card with users willing to sell bitcoin in exchange for savings on Amazon purchases, claims the tagline: "Everyday is Prime Day.".

While co-founder Andrew Lee said the firm isn't offering discounts in honor of the eCommerce holiday, he said users of the platform can save an average of 15 percent on their Amazon purchases.

More people looking to convert their bitcoin for giftcards during a week where the cryptocurrency's price has slid 10 percent, means people are receiving about "$100 of Prime products for $80 worth of bitcoin.