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News hardware & software 26 July 2021, 16:22

Bitcoin Payments on Amazon?

It is possible that Amazon will soon accept payments in bitcoin and other cryptocurrencies. The company also reportedly has plans to launch its own currency of this type.

IN A NUTSHELL:
  • According to City A.M. insiders, Amazon is expected to enable cryptocurrency payments later this year;
  • In 2022, the company is expected to reveal its own virtual currency;
  • This information may be confirmed by one of the job offers published by the corporation.

News just broke on the Internet that could be very good for people investing in cryptocurrencies. According to a source of City A.M., Amazon plans to enable customers to make payments using crypto. The company would offer this option later this year, starting with the popular bitcoin. In the longer term, the corporation is also expected to enable us to use other cryptocurrencies such as ethereum, cardano and bitcoin cash. Ultimately, the list is expected to close at eight items.

However, these are not the only revelations shared by the source quoted by City A.M. According to the informant, Amazon is also working on introducing its own virtual currency. The company will reportedly first test the payment method using the aforementioned bitcoin and the rest of the listed means of payment. If the experiment goes well, Amazon would unveil its own cryptocurrency in 2022. According to the informant, these plans are already ready to be implemented.

Interestingly, despite the fact that this information has not been confirmed by other sources, it has already caused a huge enthusiasm among owners of digital currencies. Their value has also increased significantly. In the case of bitcoin, it is a sharp hike, by 13% overnight. Other means of payment have also seen increases, although not as impressive.

Netizens involved in cryptocurrency trading point out that the information provided by City A.M. may be confirmed by one of the job listings published by Amazon. It turned out that the company is looking for a specialist dealing with virtual currencies to help it develop a strategy regarding this issue. In the announcement we will not find any information about the introduction of a new payment system or plans for its own cryptocurrency, but it clearly indicates that the corporation is interested in this topic.

So it is possible that Amazon will indeed soon enable its customers to make purchases using bitcoin. This would be good news for cryptocurrency owners, who have recently been bombarded with negative news. Indeed, the topic of virtual currencies is being closely watched by authorities such as the European Union. There is also growing controversy over news of money laundering using crypto.

Przemyslaw Dygas

Przemyslaw Dygas

He published a lot of news on GRYOnline.pl, some reviews and a few articles. Currently runs the Cooldown.pl site and serves as a junior SEO specialist. He first published journalistic texts on his private blog; later he took up writing seriously when his news and reviews ended up on a now non-existent film portal. In his free time, he tries to keep up with the premieres of new strategies and RPGs, unless he is replaying Pillars of Eternity or Mass Effect for umpteenth time. He also likes cinematography and tries to visit the nearby cinema at least once a month to keep up with the movies he is interested in.

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