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Amidst rumours, Amazon denies plans for Bitcoin support

Amidst rumours about Amazon incorporating Bitcoin support, the e-commerce giant has given a statement denying these claims. They also added that they currently have no plans for Bitcoin.

According to a report by Reuters, Amazon stated that it is interested in the crypto industry. However, they added that they don’t have any specific plans to incorporate digital payments just yet:

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

While they declined the rumour, the e-commerce giant also said:

“We remain focused on exploring what this could look like for customers shopping on Amazon.”

Amazon had previously posted a job opening for a digital currency and blockchain product lead. A few days later, London’s City A.M. newspaper claimed Amazon was “definitely” preparing to incorporate Bitcoin payments.

According to the report published yesterday, the source told:

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”

The source also said:

“The directive is coming from the very top, this entire project is pretty much ready to roll.”

After Amazon’s ‘rumoured’ Bitcoin plans, Chinese crypto media outlet, Wu Blockchain reported that Bitcoin grew 15% in a couple of hours, driving more than $110 million in liquidations. Wu also tweeted about this yesterday:

Now after Amazon’s dismissal, Bitcoin’s price fell off by more than 4%. However, it has recovered to $38,103 with a 24-hour change of -1.64% as of now.

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