An inside supply mentioned that e-commerce large Amazon plans to settle for payments in Bitcoin by the tip of 2021, which may pave the best way for wider adoption of crypto transactions.

“This decision is not a ‘ride on a horse’ to establish crypto payment solutions at an indefinite point in the future – it has been seriously considered, thoroughly discussed and is part of Amazon’s future operating mechanism,” mentioned the nameless supply.

She identified that whereas Bitcoin is step one in Amazon’s crypto ambitions, the corporate’s executives are wanting to add different high-quality cryptocurrencies sooner or later. “Instructions are given from above,” she added, referring to Jeff Bezos:

“The whole project is ready to go.”

In addition to accepting Bitcoin payments, Amazon is reportedly wanting into how the supply could create its personal cryptocurrency as early as 2022.

Speculation about Amazon’s entry into crypto has been raging for days after a job posting for “Blockchain and Cryptocurrency Product Leaders” appeared on amazonjobs final week. According to the job description, the brand new place will assist develop Amazon’s digital foreign money technique and product roadmap with experience in blockchain, distributed ledgers, central financial institution digital currencies and digital currencies normally.

This is not the primary crypto-focused job posting from Amazon. In February, the e-commerce large sought technical management to develop its new platform “Digital and Emerging Payments”.

Annie

According to Cointelegraph

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