Amazon Bitcoin Payment Rumors Spark Market Euphoria

 

The rumors of crypto payments and a native token from Amazon remain doubtful derivatives.

                                          GOOD NEWS FOR BITOIN HOLDERS

STORY BY:

ANAND SINGH 

Rumors have emerged that e-commerce giant Amazon is lining up crypto payments and a native crypto token. However, official sources are yet to confirm the information about this rumors.

British Newspaper says Amazon to Accept Crypto Payment

Cryptocurrency  markets rallied Sunday night following rumors that e-commerce giant Amazon plans to accept crypto payments and may even launch its own native token. No official sources have confirmed the information and there rumors derivatives 

The report originated from the London business newspaper City A.M and has since been referenced by numerous publications. City A.M. posted an interview with an Amazon insider who stated that the company is looking to accept Bitcoin payments “by the end of the year” and is planning its own token for 2022. Additionally, the insider claimed that the recent move towards crypto integration is “coming from Jeff Bezos himself,” despite jeff  Bezos stepping down as Amazon CEO on Jul. 5, 2021.

Bitcoin soared 12.5% to nearly $40,000 on Monday amid speculation that Amazon plans to start accepting cryptocurrencies for payments.

Bitcoin briefly surged above $39,000, its highest price since mid-June, while Ether and other digital currencies also rose.

The said report was published after the company posted a job listing for a digital currency and blockchain leader on Friday. Amazon, however, is yet to make any official announcement regarding its involvement with cryptocurrencies or a native digital token project. 
Disclaimer: At the time of writing, the author of this feature owned BTC and ETH.