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Amazon Says It Will Not Accept Bitcoin

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Mon, 07/26/2021 - 20:46
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Alex Dovbnya
Amazon has denied a recent report about its plan to accept Bitcoin
Amazon Says It Will Not Accept Bitcoin
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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.

Amazon
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That said, the Seattle-based titan says that it will continue exploring crypto. 

Related
Elon Musk's Bitcoin Bet Cost Tesla $23 Million

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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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.