A City A.M. report alleged that Amazon would soon be in the business of accepting Bitcoin and other crypto currencies by the end of this year. However, Amazon released an email statement to Bloomberg stating that this is incorrect. In fact, Amazon states that they have no intention of accepting Bitcoin or other crypto by 2022, but that they are interested in continuing their work to explore opportunities to use cryptocurrencies and blockchain in the future.
The City A.M. source said that Amazon’s use of cryptocurrencies and blockchain was a directive from Jeff Bezos himself, and that this project has been in the works since 2019.
“Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online. It won’t take long because the plans are already there, and they have been working on them since 2019. This entire project is pretty much ready to roll.”
Along with the news that Amazon might soon accept Bitcoin, the City A.M. insider also announced that Amazon had plans to create a native crypto token. This news encouraged an 11% spike in Bitcoin during the course of one day. However, that spike decreased after Amazon’s denial. It’s not all bad news, though. Amazon has posted a job opening for a digital currency and blockchain lead. This job opening demonstrates that Amazon has not totally closed the door on the Bitcoin and blockchain world.