Technology

Amazon denies accepting Bitcoin as a payment method

Amazon has denied the idea that the company should soon start accepting bitcoin (BTC) as a payment method.

Citing an anonymous source, City.am said on Monday that the project was “practically ready to go” and that its creation came from above – from former chief executive Jeff Bezos himself. According to the post, Amazon would accept BTC first, likely before “the end of the year,” before moving to at least eight other currencies, including Ethereum (ETH), Cardano (ADA) and Bitcoin Cash. (BCH). It was added that the tech giant is also exploring the possibility of developing its own cryptocurrency.

However, in a statement to Reuters, an Amazon spokesperson dismissed the idea, denouncing “speculation around our specific plans for cryptocurrencies.”

On July 22, Amazon posted a job posting for a cryptocurrency and blockchain manager. The job posting asks to join the Amazon Payments Acceptance & Experience team to “develop Amazon’s digital currency and blockchain strategy and product roadmap.”

In the footsteps of Elon Musk?

“You will leverage your expertise in blockchain, distributed ledgers, central bank digital currencies, and cryptocurrencies to make a case for the capabilities that should be developed, drive the overall vision, and product strategy, and get leadership buy-in and investment for new capabilities, ”says Amazon.

According to the Amazon spokesperson, the company has “an interest in this area” and “is exploring what it might look like” for customers of the platform.

At the time of writing, 1 BTC is worth $ 37,259.

In May, Tesla CEO Elon Musk said the company would stop accepting BTC due to its high energy needs, causing the price of this currency to plummet. However, the leader recently reversed his position, saying that Tesla “very likely” would resume accepting BTCs after performing a due diligence on electricity consumption and the share of renewable energy used in trading.

Source: “.com”

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