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Amazon Denies Rumours About Accepting Crypto Payments

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Amazon Denies Rumours About Accepting Crypto Payments

Amazon denies rumors of accepting Bitcoin payments before the end of the year. According to the e-commerce giant, it won’t accept crypto payments until the end of 2021. However, it continues to show interest in blockchain technology and encryption.

On Monday, Amazon.com insiders were interviewed by the media and refuted those rumors by saying that Amazon does not currently have a specific payment plan for digital assets.

There were rumors that Amazon’s cryptocurrency project was ready. The first step was to accept Bitcoin (BTC) payments before the end of 2021. The next altcoins were Ethereum (ETH), Cardano (ADA), and Bitcoin Cash (BCH).

“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.”

The spokesperson from Amazon said

The rumors were made public after Amazon published a job posting. The post indicated that the company is looking for candidates qualified to lead Amazon’s digital currency and blockchain strategy and product roadmap.

According to the post, these people will also make the case for product capability growth. In addition, the job posting also mentioned the “digital/cryptocurrency ecosystem.” At the same time, it was pointed out in another part that candidates should have blockchain knowledge and also knowledge in distributed ledgers, central bank digital currency (CBDC), and cryptocurrencies.

Bitcoin Rose By 12% After Amazon Rumour 

After the rumors surfaced, Bitcoin rose more than 12%. In addition, it also scaled other coins. As a result, the rising price of the cryptocurrency has increased the cryptocurrency market by about $114 billion. The Chinese crypto media agency Wu Blockchain attributed Amazon’s rumored plan to this rapid market action.

Chinese crypto media said BTC appeared to start rising after rumors about Amazon spread across the Chinese community.

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