Amazon Denies Rumors As It Would Accept Bitcoin Payments Soon

Not that long ago, we learned that Amazon is looking for an experienced individual to lead its digital currency and blockchain department. This caused a lot of stir because many were thinking Amazon is going to add a support for Bitcoin payments. Moreover, everything got hotter when an insider said that Bitcoin payments will launch later this year. There were even claims that everything comes from Bezos himself and the project is in advanced stages. Of course, Amazon’s goal is its own cryptocurrency. But it can think of this more seriously, when Bitcoin succeeds. Yesterday, Amazon denied the rumors as it is going to support Bitcoin payments. Although it didn’t deny its interest in cryptocurrencies.

This sounds quite surprising. We mean the company has already posted a job vacancy statement for a corresponding position. But maybe that’s true and Amazon wants to work on its own cryptocurrency rather than on Bitcoin payments. In this regard, Amazon said Reuters that it’s interested in cryptocurrencies:

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.

However, we should recall the case when an insider said earlier this week that Amazon would bring Bitcoin payments first, which will be followed by other cryptocurrencies such as Ethereum, Cardano, etc. Only after this pilot program succeeds, it will bring its own variant.

Interestingly, the insider was saying that Amazon had been working on this for a while. And at the moment, it is in the final stages of implementing the Bitcoin payments project.

Bitcoin Rate

We guess the news related to Amazon’s support for Bitcoin payments had their own role in another Bitcoin price surge early on Monday. As you should know, it exceeded $40,000, a rate that we haven’t seen since mid-June. Of course, Bitcoin’s rate is fluctuating. Say, At the time of this writing, it was around $38,500.

Well, as for Bitcoin itself, this cryptocurrency has been decreasing since July 21. It closed slightly below $29,300 a day earlier. But we should recall its rate three months earlier, when it reached all-time high of $64,900.

This is one of the reasons (we mean fluctuation) that makes many people keep away from Bitcoin and cryptocurrencies. But Amazon and other tech giants are deliberately trying to help players from this niche. Among other “helpers”, we can mention PayPal, Tesla, and SpaceX.