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Amazon denies report of accepting Bitcoin as payment

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Amazon denies report of accepting Bitcoin as payment


Amazon.com Inc on Monday denied a media report saying the e-commerce big was trying to settle for bitcoin funds by the tip of the yr.

The report from London’s Metropolis A.M. newspaper, citing an unnamed “insider”, despatched the world’s largest cryptocurrency up as a lot as 14.5% earlier than it trimmed positive factors to final commerce 6% greater at $37,684.04.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” stated a spokesperson from Amazon.

“We remain focused on exploring what this could look like for customers shopping on Amazon.”

What’s next for Amazon’s Bezos? Look at his Instagram 

The corporate on July 22 posted a job opening for a digital forex and blockchain product lead.

A rising quantity of corporations have began to just accept digital currencies for payment, bringing an asset class shunned by main monetary establishments till a couple of years in the past nearer to the mainstream. 

Final week, Tesla Inc Chief Government Officer Elon Musk stated the electric-car maker will more than likely restart accepting bitcoin as funds as soon as it conducts due diligence on the quantity of renewable vitality used to mine the forex.





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