Amazon Declines To Accept Bitcoin Payment By This Year's End.

Amazon Declines To Accept Bitcoin Payment By This Year's End.

2021-07-27 | Big Bob

Amazon Declines To Accept Bitcoin Payment By This Year's End.

Amazon has started and flatly denied a British newspaper’s report that the e-commerce colossus was getting ready to accept Bitcoin [BTC] payments by the end of this year.
“Notwithstanding our interest within the space, the speculation that has ensued around our specific plans for cryptocurrencies isn't true,” a spokesperson for Amazon outlined by email Monday. “We remain focused on exploring what this might appear as if for patrons shopping on Amazon.”
The report earlier Monday by City A.M., which is distributed for free of charge on the London Underground, was cited by, unnamed “insider.” Nevertheless, many cited it as another reason for the bitcoin price’s rebound after dipping below $30k last week. After Bloomberg reported Amazon’s denial [on the financial data provider’s pricey terminal, but promptly signal-boosted by ZeroHedge], the worth began retracing a number of the day’s gains. At the reporting time, BTC is up 8.3% on a 24-hour basis, to $37,568.24 USD.

Additionally, the spokesperson’s  suggests, Amazon is testing the waters, even if the reports of the company diving in were overstated.

Earlier last week the company added that it was seeking to hire a “digital currency and blockchain product lead.”

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