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Amazon.Com Denies Rumors About Accepting Bitcoin Payments

Amazon Denies Rumors About Accepting Bitcoin
  • Amazon.com denies rumors about accepting bitcoin payments by the end of the year.
  • However, the company is still interested in the cryptocurrency space.

Amazon.com Inc denies rumors about accepting bitcoin payments by the end of the year.

According to the e-commerce giant, it won’t accept crypto payments by the end of 2021. However, it still shows interest in blockchain technology and the crypto space.

On Monday, Amazon.com’s insider took to the media to reject the rumors, saying Amazon has no specific plans to onboard digital assets for payments yet.

The spokesperson from Amazon said,

Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.

In addition, the rumors come after Amazon published a job posting. The job posting notes that the firm is looking for candidates qualified to lead Amazon’s digital currency and Blockchain strategy and product roadmap.

As per the post, these people will also create a case for the growth of product capabilities. Moreover, the job posting also mentioned the “digital/cryptocurrency ecosystem.” Meanwhile, another section noted that the candidate should have expertise in blockchain. And also in distributed ledgers, central bank digital currencies (CBDCs), and crypto.

Following the rumors, Bitcoin rose by over 12%. Furthermore, it also lifted other coins. As a result, the price surges in crypto added around $114 billion to the crypto market. Wu Blockchain, a Chinese crypto media outlet, credited Amazon’s rumored plans to this surging market action.

The Chinese crypto media said that it is clear that BTC started to rise after this rumor about Amazon spread in the Chinese community.

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Roland Guirdonan can be found writing, developing, and designing all sorts of content. Aside from his fascination with content creation, he is also passionate about blockchain and cryptocurrency developments.