Amazon Denies Report of Accepting Bitcoin as Payment

 "The speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon.

HIGHLIGHTS

#Amazon Prime Day Sale 2021

#Amazon is speculating what it could look like for its customers

#Many companies have started accepting cryptocurrency as payments

#Musk said tesla may restart accepting cryptocurrency

👉Contacted by AFP, an Amazon spokesperson said information in the story was "fabricated," but that the company does have its eyes on the cryptocurrency sector. "Not withstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," the spokesperson said.

"We remain focused on what this could look like for customers shopping on Amazon."

Cryptocurrency values climbed on speculation that it might be accepted for Amazon purchases.

"We're inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like at Amazon," the spokesperson said.

"We're inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like at Amazon," the spokesperson said.

Bitcoin is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who mine them by lending computing power to verify other users transactions. They receive bitcoins in exchange.

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