Regardless of turning down rumors, the e-commerce titan will soon support Bitcoin payments, a speaker for Amazon has stated the company is still interested in the crypto space.
Amazon has refuted recent conjecture it may prepare to support Bitcoin payments, asserting it currently has no plans for BTC.
According to a Reuters report on July 27 mentioning a representative from the company, Amazon remains curious about the crypto sector yet has no specific plans to onboard digital assets for settlements right now:
Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.
However, the agent did not refute that Amazon is looking into crypto payments, adding: “We remain focused on exploring what this could look like for customers shopping on Amazon.”
On July 22, Amazon published a job opening for a digital currency and blockchain product lead. Four days later on, London’s City A.M. paper ran a tale mentioning an “insider” who claimed Amazon was “definitely” preparing to support Bitcoin payments and also release a native token– firing up frenzied anticipation for Amazon’s purported crypto strategies.
Chinese crypto media electrical outlet, Wu Blockchain, attributed Amazon’s reported strategies to Monday’s surging market action– during which Bitcoin gained roughly 15% in less than 3 hours amid a violent squeeze that drove more than $110 million in liquidations. In a July 26 tweet, Wu specified:
Bitcoin rose by 12% in one hour, leading the increase. Because [the] Chinese have just gotten up. It is obvious that the price of Bitcoin has started to rise after this rumor about Amazon spread in the Chinese community.
With Amazon rejecting its reported strategies to support Bitcoin, BTC rates have started to pull away. At the time of composing, BTC was trading down 4.4% over the past 24 hours at $36,770, according to CoinGecko.
On July 23, Cointelegraph reported on the position published by Amazon’s payments acceptance as well as experience steam.
The item lead will be tasked with creating the firm’s technique of electronic currency and blockchain along with an item roadmap.