Categories: Bitcoin

Amazon is ready to start accepting Bitcoin payments later this year

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

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

1 hour ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

2 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

4 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

5 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

5 hours ago

This website uses cookies.