Amazon has denied a recent report about its plan to accept Bitcoin
E-commerce giant Amazon has denied a recent report published by British newspaper City A.M. about its plan to accept Bitcoin as early as this year.
As reported by U.Today, the outlet cited “an insider” that had allegedly shed light on the cryptocurrency ambitions of the third-largest U.S. company. They included Amazon rolling out its own coin in 2022, which is also not true.
Bitcoin tumbled more than 7.5 percent shortly after Amazon commented on the fake news report.
That said, the Seattle-based titan says that it will continue exploring crypto.
Last week, Amazon started looking for a digital currency and blockchain lead. Its job posting was responsible for recent rumors about cryptocurrency acceptance.
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Amazon: No, We Have No Plans to Accept Bitcoin Payments
“The speculation that has ensued around our specific plans for cryptocurrencies is not true,” a spokesperson said.
Jeff Bezos may have been to outer space, but don’t count on Amazon to send bitcoin to the moon.
Amazon has come out and flatly denied a British newspaper’s report that the e-commerce colossus was planning to accept bitcoin (BTC, -1.67%) payments by the end of the year.
“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” a spokesperson for Amazon told CoinDesk by email Monday. “We remain focused on exploring what this could look like for customers shopping on Amazon.”
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.
After Bloomberg reported Amazon’s denial (on the financial data provider’s flagship terminal, but promptly signal-boosted by ZeroHedge), the price began retracing some of the day’s gains. As of this writing it was up 7.3% on a 24-hour basis, to $37,179.24.
As the spokesperson’s comment suggests, Amazon is testing the waters, even if the reports of the company diving in were overstated.