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Amazon Plans To Accept Bitcoin Payments By The End Of 2021

Amazon, the tech giant, has planned to accept Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions, as told by an anonymous source to London business newspaper City A.M.

The report stated:

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.”

It has been reported that the anonymous indicated that, while Bitcoin is the first step in Amazon’s crypto ambitions, executives at the company were keen to add other established cryptocurrencies in the future.

Referring to Jeff Bezos, she said:

“The directive is coming from the very top. This entire project is pretty much ready to roll.”

She added that in addition to accepting Bitcoin payments, Amazon is said to be exploring the creation of its own cryptocurrency, possibly as early as 2022.

However, speculation about Amazon’s entry into the cryptocurrency market has been raging for days after a new posting for “Digital Currency and Blockchain Product Lead” appeared on the company's job board 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 domain expertise in blockchain, distributed ledgers, central bank digital currencies, and crypto more generally.

Thus, as reported, the e-commerce giant in February recruited for a technical lead to help develop its new “Digital and Emerging Payments” platform.

Source: Cointelegraph | Image: Investopedia


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