Amazon plans to accept Bitcoin payments this year, insider says

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An anonymous source within Amazon reportedly told London business newspaper City AM that the e-commerce giant plans to accept Bitcoin (BTC) payments by the end of 2021, possibly paving the way for more acceptance. wide of crypto transactions.

It’s not just about getting cryptocurrency payment solutions in place at some point in the future, it’s an integral and well-discussed part of Amazon’s future working mechanism, said. the anonymous source at City AM, according to a report released on Sunday

Related: Bringing the Crypto Payments Ecosystem to the World: Ray Youssef

She indicated that while Bitcoin is the first step in Amazon’s crypto ambitions, company executives are keen to add other established cryptocurrencies in the future. The directive comes from the top, referring to Jeff Bezos, she said, adding:

This whole project is pretty much ready to roll.

In addition to accepting Bitcoin payments, Amazon would explore creating its own cryptocurrency, possibly as early as 2022, she said.

Speculation about Amazon’s entry into the cryptocurrency market has raged for days after a new post for Digital Currency and Blockchain Product Lead appeared on the company’s job site last week. . As per the job description, the new hire will help develop Amazon’s digital currency strategy and product roadmap. The position requires strong expertise in blockchain, distributed ledgers, central bank digital currencies, and crypto in general.

Related: Countries representing over 90% of global GDP explore CBDCs

This isn’t the first crypto-focused job posting at Amazon. As Cointelegraph reported, the e-commerce giant hired a technical lead in February to help it develop its new digital and emerging payments platform.

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