Amazon denies rumored plans for Bitcoin support

Amazon has refuted current hypothesis that it could be able to support Bitcoin funds, claiming that it presently has no plans for BTC.

According to a Reuters report on July 27, citing an organization spokesperson, Amazon stays within the crypto trade however has no particular plans for utilizing digital property for funds.

“Despite our interest in space, the speculation that has arisen about our specific plans for cryptocurrencies is not true.”

However, the spokesperson didn’t deny that Amazon was engaged on crypto funds, including, “We continue to focus on researching how this might look for customers who shop on Amazon.”

On July twenty second, Amazon posted a job posting for a frontrunner in blockchain and digital foreign money merchandise. Four days later, the City of London AM newspaper revealed a narrative quoting an “insider” claiming that Amazon was “definitely” getting ready to support Bitcoin funds and launch a local token – what sparked a frenzied anticipation for the alleged crypto plans of Amazon.

China’s crypto media company Wu Blockchain attributes Amazon’s rumored plans to Monday’s sturdy bull market – with Bitcoin up 15% in lower than three hours amid fierce strain that led to the liquidation of greater than 110 million Dollar led. In a July 26 tweet, Wu specified:

“Bitcoin rebounded 12% in an hour and led the positive aspects. Through [the] The Chinese language has solely simply emerged. It is evident that Bitcoin price has began to rise after this Amazon rumor unfold via the Chinese group. “

Related: Amazon plans to accept Bitcoin payments this year, tuyên internal statement

With Amazon rejecting its rumored plans to support Bitcoin, the price of BTC has started to fall. At the time of going to press, BTC is trading up 4.4% at $ 36,770 in the past 24 hours, according to CoinGecko.

On July 23, Cointelegraph reported on the position published by Amazon’s Payment Acceptance and Experience Steam. The product manager is tasked with developing the digital currency and blockchain strategy as well as the company’s product roadmap.