Amazon plans to accept Bitcoin payments this year, claims insider


An nameless supply inside Amazon has reportedly told London enterprise newspaper Metropolis A.M. that the e-commerce large is planning to simply accept Bitcoin (BTC) funds by the tip of 2021, presumably setting the stage for broader mainstream acceptance of crypto transactions. 

“This isn’t simply going via the motions to arrange cryptocurrency cost options in some unspecified time in the future sooner or later – it is a full-on, well-discussed, integral a part of the longer term mechanism of how Amazon will work,” the nameless supply informed Metropolis A.M., in accordance with a report revealed on Sunday

Associated: Bringing the crypto payments ecosystem around the world: Ray Youssef

She indicated that, whereas Bitcoin is step one in Amazon’s crypto ambitions, executives on the firm have been eager so as to add different established cryptocurrencies sooner or later. The “directive is coming from the very prime,” referring to Jeff Bezos, she stated, including: 

“This complete challenge is just about able to roll.”

Along with accepting Bitcoin funds, Amazon is claimed to be exploring the creation of its personal cryptocurrency, presumably as early as 2022, she stated. 

Hypothesis about Amazon’s entry into the cryptocurrency market has been raging for days after a brand new posting for “Digital Forex and Blockchain Product Lead” appeared on the corporate’s job board final week. As per the job description, the brand new rent will assist develop Amazon’s digital currency strategy and product roadmap. The place requires robust area experience in blockchain, distributed ledgers, central financial institution digital currencies and crypto extra usually.

Associated: Countries representing over 90% of global GDP are exploring CBDCs

This isn’t the primary crypto-focused job posting at Amazon. As Cointelegraph reported, the e-commerce large in February recruited for a technical lead to assist develop its new “Digital and Rising Funds” platform.