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Amazon denies reports of accepting Bitcoin as payment

The Amazon app can be seen on the smartphone in this figure taken on July 13, 2021. REUTERS / Dado Ruvic / Illustration

July 26, 2021

(Reuters) – Amazon.com Inc denied media reports on Monday that e-commerce giants are considering accepting Bitcoin payments by the end of the year.

City AM newspaper report in London https://bit.ly/3xb6orM quotes the unnamed “insider” to raise profits by 6% after raising the world’s largest cryptocurrency by 14.5% I traded for $ 37,684.04.

“Despite our interest in this area, speculation about a particular plan for cryptocurrencies is not true,” said an Amazon spokeswoman.

“We continue to focus on exploring what this looks like to customers shopping on Amazon.”

The company posted a job offer for leads in digital currencies and blockchain products on July 22nd.

More and more companies are beginning to accept cryptocurrencies for payment, and asset classes that were shunned by major financial institutions until a few years ago are approaching mainstream.

Last week, Tesla Inc CEO Elon Musk said electric car makers are likely to resume accepting Bitcoin payments as they perform due diligence on the amount of renewable energy used to mine currencies. Said.

(Report by Tiyashi Datta in Bangalore; edited by Devika Syamnath)



Amazon denies reports of accepting Bitcoin as payment

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