Amazon app is seen on a smartphone on this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration
July 26, 2021
(Reuters) – Amazon.com Inc on Monday denied a media report saying the e-commerce large was seeking to settle for bitcoin funds by the top of the 12 months.
The report https://bit.ly/3xb6orM from London’s Metropolis A.M. newspaper, citing an unnamed “insider”, despatched the world’s largest cryptocurrency up as a lot as 14.5% earlier than it trimmed beneficial properties to final commerce 6% increased at $37,684.04.
“However our curiosity within the area, the hypothesis that has ensued round our particular plans for cryptocurrencies shouldn’t be true,” mentioned a spokesperson from Amazon.
“We stay centered on exploring what this might seem like for purchasers purchasing on Amazon.”
The corporate on July 22 posted a job opening for a digital forex and blockchain product lead.
A rising variety of firms have began to simply accept digital currencies for fee, bringing an asset class shunned by main monetary establishments till just a few years in the past nearer to the mainstream.
Final week, Tesla Inc Chief Govt Officer Elon Musk mentioned the electric-car maker will most certainly restart accepting bitcoin as funds as soon as it conducts due diligence on the quantity of renewable vitality used to mine the forex.
(Reporting by Tiyashi Datta in Bengaluru; Modifying by Devika Syamnath)