Amazon.com Inc Denies Rumored Plans About Accepting Bitcoin Payments

The e-commerce giant, Amazon.com, denies reports of it accepting crypto and Bitcoin payments by the end of the year.

According to an Amazon spokesperson, the company won’t accept crypto payments by the end of 2021. But, it is still interested in blockchain technology and the cryptocurrency space.

The denial news came on Monday when Amazon.com’s insider took to the media, saying Amazon has no specific plans to onboard digital assets for payments yet. The insider 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.”

The rumors spread after Amazon published a job posting. The job posting stressed that the company is hiring candidates to lead Amazon’s digital currency and Blockchain strategy and product roadmap.

In addition, the selected candidates will also create a case for the increase of product capabilities. Further, one of the job posting sections mentioned the “digital/cryptocurrency ecosystem.” While another section wrote that the applicant should have expertise in blockchain, distributed ledgers, central bank digital currencies (CBDCs), and crypto.

Following the rumors, the Bitcoin price surged by over 12%. Moreover, it also boosted other cryptos. This resulted in adding $114 billion to the crypto market. A Chinese crypto media outlet, Wu Blockchain attributed Amazon’s rumored plans to this surging market progress.

The Chinese media said that it is clear that BTC reacted after this rumor about Amazon spread in the Chinese community.