Amazon rumours drive crypto community wild

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An insider familiar with the matter has reportedly leaked Amazon’s plans to accept bitcoin as payment “by the end of the year.”

 

An undisclosed source told national UK newspaper City AM that a job advertisement posted by the internet giant for a cryptocurrency and blockchain lead role goes far deeper than “just going through the motions to set up cryptocurrency payment solutions at some point in the future.”

 

The source explained that “this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work. 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 source also suggested that coins such as Ethereum and Bitcoin Cash will be next in line, before they bring about eight more of the most popular cryptocurrencies online.

 

[Updated 27/07/2021] In the time since, Amazon issued a denial-of-sorts to reports that it’s planning on launching its own cryptocurrency and could start accepting bitcoin for payment as early as this year. The retail giant reiterated its interest in the space and its commitment to exploring how customers could benefit, though said the specific details of the insider’s comments were not true. Which specific details? Was Amazon just testing public reaction?

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On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @LunoGlobal.

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