Amazon Rejects Bitcoin Payment Acceptance Report
Amazon Inc. rejected a report claiming it plans to accept Bitcoin as payment before the end of the year.
A company spokesperson told Reuters that “Despite our interest in the space, the speculation that has arisen around our specific plans for cryptocurrencies is not true.”
“We continue to focus on exploring what this could look like for customers shopping on Amazon.”
Amazon’s denial came after a spokesperson told Insider that the company was “inspired by the innovation happening in the cryptocurrency space and is exploring what this could look like on Amazon.”
Instructions for the cryptocurrency initiative are said to come from Jeff Bezos himself, although Bezos recently stepped down from the Amazon CEO position to become the company’s executive chairman. While Amazon’s statement doesn’t specifically mention this report, it matches speculation around “specific plans” that Amazon claims are untrue.
The speculation was prompted by a job posting from the company last week for a “Digital Currency and Blockchain Product Leader”. The listing said Amazon is looking for someone to investigate how the company can leverage cryptocurrency technology as part of its business. “We are inspired by the innovation taking place in the cryptocurrency space and are exploring what this could look like on Amazon,” a spokesperson said at the time. The company, therefore, has a general interest in the area, but no concrete plans.
Apple Inc., in May, posted a similar ad for a business development manager for “alternative payments”, and one of the key qualifications for the role was five years of experience “working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency and etc.”