Amazon clarifies that it is not planning to accept Bitcoin payments by year-end

Recently, there were speculations that Amazon could be planning to accept Bitcoin by the end of the year. However, a spokesperson for the e-commerce giant has not officially denied those rumors, which was started by a British newspaper’s report.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” Amazon’s spokesperson said, according to Coindesk. Previously, London business newspaper City A.M. reported that the e-commerce firm is planning to accept Bitcoin by year-end that it plans to also issue a token by next year.

The spokesperson added that while the report about its specific plans is not true, the company is still exploring crypto’s potential. “We remain focused on exploring what this could look like for customers shopping on Amazon,” the company representative added.

There were already some speculations that the e-commerce giant could be adding a crypto payment option started last weekend when it released a job listing for Digital Currency and Blockchain Product Lead. The new hire will be tasked with coming up with its digital currency and blockchain strategy and product roadmap.

Then City P.M. published a report on Monday revealing more specific details on Amazon’s supposed crypto plans. The publication cited an unnamed insider who claimed that Bitcoin payment support could arrive this year and that Bezos was involved in the decision.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself,” the publication quoted the insider.

The insider also claimed that Amazon would be adding support for other cryptocurrencies after Bitcoin. “Ethereum, Cardano, and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online,” the source added.

While the report might not be totally true, it seemed to have a positive impact on the prices of digital currencies. Many experts cited it as one of the reasons for Bitcoin’s rebound after it fell below $30,000 earlier.

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