Not yet: Amazon refutes reports that it is planning to accept Bitcoin.

Previous reports that Amazon would be accepting Bitcoin this year were untrue, according to an Amazon spokesman. Earlier claims that Amazon was preparing to accept Bitcoin and examine the issuance of its own token next year were untrue, according to an Amazon spokeswoman.

  • Previously, according to a City AM article quoting Amazon insiders, the world's largest online retailer intends to embrace Bitcoin and is considering releasing its own cryptocurrency in 2022.
  • This isn't just going through the motions of setting up cryptocurrency payment systems at some point in the future – this is a full-on, well-discussed, important element of the future mechanism of how Amazon will work, according to the article. […] It all starts with Bitcoin — this is the critical initial stage of this crypto enterprise, and the order comes from the top... Jeff Bezos himself.

Many people in the neighborhood questioned the report's veracity and the reliability of the insiders who provided it.

It didn't take long for the corporation to issue an official response, declaring the City AM claim to be untrue.

Despite our enthusiasm for the field, the rumors about our cryptocurrency aspirations are false. We're still trying to figure out how this might affect Amazon customers.

  • In any case, the news had a significant impact on the market, with Bitcoin losing about $2,000 in just a few minutes. BTC is currently trading around $38,500 after reaching an intraday high of roughly $40,500 at the time of writing.


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