Amazon Denies Alleged Plans to Accept Bitcoin and Other Cryptocurrencies for Payment

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Image: Karolina Grabowska (Pexels)

There have been a few reports published in the last week that suggested Amazon would soon allow customers to pay for their goods with cryptocurrency. Following a newer story by City A.M. that insisted the retail giant would begin accepting Bitcoin payments by the end of the year, an Amazon spokesperson has delivered a statement denying any such plans, stating that the speculation is “not true.” The company did clarify that it is “focused on exploring what this could look like” for its customers, however, which implies that Amazon could warm up to accepting BTC, ETH, ADA, and other popular digital coins for payment some day. Bitcoin has been close to breaking $40K again thanks to a pattern of bullish news, such as Elon Musk’s admission that SpaceX holds the coin.

Image: CoinDesk

The report earlier Monday by City A.M., which is distributed for free on the London Underground, cited a single, unnamed “insider.” Nevertheless, many cited it as one reason for the bitcoin price’s rebound after dipping below $30,000 last week.

Sources: CoinDesk, City A.M.

Tsing Mui
News poster at The FPS Review.

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