Cryptocurrency News

Amazon denies rumors of accepting crypto as a payment

  • Amazon denies rumors about them accepting crypto payments by the end of 2021
  • The news reported by CITA AM ended up being too good to be true
  • Despite the rumors ended up being denied, Amazon is interested in blockchain technology

Amazon denies rumors about them accepting crypto payments by the end of 2021, but the retail giant is still interested in blockchain technology

Amazon has no plans to launch crypto by 2022

According to a report from City A.M., an anonymous insider at Amazon had news that the company would begin accepting Bitcoin and other cryptocurrencies by the end of the year. This rumor quickly spread across news sites and social media. Amazon has denied the rumors, according to multiple sources on Twitter, including @ZeroHedge and @Cryptowhale.

The rumors of Amazon moving to accept Bitcoin for purchases may have resulted in this being one of the best days for the crypto markets since May. But according to new info, Amazon denied the report from City A.M., according to a spokesperson of Amazon. The company has no plans to launch crypto by 2022 and will not accept Bitcoin this year, but will continue exploring cryptocurrencies and blockchain technology.

Amazon is interested in blockchain technology

The news was reported by City AM, a free London newspaper, and the sources quoted by the publication were anonymous. It ended up being too good to be true. For example, the source stated that “Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online. It won’t take long because the plans are already there, and they have been working on them since 2019. This entire project is pretty much ready to roll.” This ended up being not true, and we apologize as Cryptonary for publishing this in our news section.

Although the rumors ended up being denied, there actually is an interest of the online retail giant in blockchain technology, shown by the fact they have posted a recent job posting related to blockchain technology which we covered last month.

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