Amazon rejects reported prepare for Bitcoin assistance

Despite turning down reports the e-commerce giant will quickly support Bitcoin payments, a representative for Amazon has stated the company is still thinking about the crypto area.

Amazon denies rumored plans for Bitcoin support

Amazon has actually refuted current speculation it might be preparing to support Bitcoin payments, asserting it presently has no prepare for BTC.

According to a Reuters report on July 27 mentioning a representative from the company, Amazon stays thinking about the crypto market however has no particular strategies to onboard digital possessions for payments right now:

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.”

However, the representative did not reject that Amazon is looking into crypto payments, including: “We remain focused on exploring what this could look like for customers shopping on Amazon.”

On July 22, Amazon published a task opening for a digital currency and blockchain item lead. Four days later on, London’s City A.M. paper ran a story mentioning an “insider” who declared Amazon was “definitely” preparing to support Bitcoin payments and release a native token– firing up crazy anticipation for Amazon’s supposed crypto strategies.

Chinese crypto media outlet, Wu Blockchain, associated Amazon’s reported strategies to Monday’s rising market action– throughout which Bitcoin acquired approximately 15% in less than 3 hours amidst a violent capture that drove more than $110 million in liquidations. In a July 26 tweet, Wu specified:

“Bitcoin rose by 12% in one hour, leading the increase. Because [the] Chinese have just gotten up. It is obvious that the price of Bitcoin has started to rise after this rumor about Amazon spread in the Chinese community.”

Related: Amazon prepares to accept Bitcoin payments this year, declares expert

With Amazon dismissing its reported strategies to support Bitcoin, BTC rates have actually begun to pull away. At the time of composing, BTC was trading down 4.4% over the previous 24 hours at $36,770, according to CoinGecko.

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On July 23, CryptoPumpNews reported on the position published by Amazon’s payments approval and experience steam. The item lead will be entrusted with establishing the business’s method of digital currency and blockchain in addition to an item roadmap.

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