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.
Alex DovbnyaLast week, Amazon started looking for a digital currency and blockchain lead. Its job posting was responsible for recent rumors about cryptocurrency acceptance.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Vladislav Sopov
Dan Burgin