Amazon denies rumours for Bitcoin support in the payment stream

Amazon denies rumours for Bitcoin support in the payment stream
With rumours circulating that Amazon will very soon allow Bitcoin payments, a spokesperson from the e-commerce giant has denied so, asserting that Amazon currently has no plans for onboarding BTC or any other digital assets in the payment options. 

In a Reuters report, the Amazon spokesperson has been quoted as saying Amazon “remains focused” on exploring what digital wallets “could look like for customers shopping on Amazon,” highlighting that it is interested in looking at the prospects of cryptocurrencies in the e-commerce space.

The speculations of Amazon supporting digital wallets started when a job posting on the website listed “Digital Currency and Blockchain Product Lead” on July 22. London-based AM newspaper was quick to catch the story and report just four days later that according to an “insider” scoop, Amazon is “definitely” ready to launch a native token and include digital wallets in payments. Wu Blockchain, China’s crypto news portal, also added to the escalation of the rumoured plans attributing Amazon’s step of action to Bitcoin’s surging markets. Bitcoin had gained approximately 15 per cent within 3 hours amid a violent $110 million in liquidations. The web news portal tweeted on July 16:

“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 rumour about Amazon spread in the Chinese community.”

As Reuters’ latest report shows Amazon dismissing the step, BTC prices are witnessing a sudden retreat. Amazon spokesperson further clarified that the job listing on the website for “Digital Currency and Blockchain Product Lead” aims at hiring a product lead who would generate potential strategies for virtual currency and blockchain in the e-commerce’s payment stream.

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