Amazon denies rumors of its plans to accept Bitcoin and provides clarification about it
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Answer Amazon denies rumors of its plans to accept Bitcoin and provides clarification about it
The story began when Amazon announced a job position for a blockchain and crypto technology master to lead the development team for alternative payment mechanisms at Amazon.
Then a report appeared from the newspaper “City AM” informing that informed sources from within Amazon, stated that the company is preparing to accept Bitcoin and some other cryptocurrencies, in addition to preparing the company to launch its digital currency.
For Amazon to break its silence, an Amazon spokesperson says that previous reports about the company that Amazon plans to accept bitcoin and is working on issuing its digital currency next year are false.
As we noted at the beginning of the article, a report from City AM, citing Amazon insiders, claimed that the online retail giant is planning to accept bitcoin and is also planning to issue a private digital currency in 2022.
Read:Bitcoin price soars after $250 million digitally added to market by Tether
The report went further, stating:
This is not just about suggestions for setting up cryptocurrency payment solutions at some point in the future.
This is a whole, well-discussed part, and integral part of the future mechanism of how Amazon will operate, as it begins with Bitcoin.
It is the main first phase of this crypto project, and the guidance comes from the top, i.e. under the radiance of Bezos, the founder of Amazon himself.
Many in the crypto community questioned the authenticity of the report and the reliability of the said insiders.
It didn’t take long for Amazon to come out with an official statement, and unfortunately, it declared the City AM report to be false.
Amazon’s statement reads:
Despite our interest in the crypto space, the speculation that has emerged about our specific plans for cryptocurrency is not correct.
We’re still focused on exploring what this could look like for customers shopping on Amazon.
The statement from Amazon hit the crypto market hard as Bitcoin lost nearly $2,000 in a matter of minutes.
Read:The high rate and frequency of cryptocurrency frauds, asking for help, and begging are the most prevalent
At the time of writing this article, Bitcoin is trading at $37,200 after the coin’s price reached an intraday high around $40,500.
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