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Amazon Denies Report It’s Considering Bitcoin Payments

A report citing unnamed sources prompted gains in the cryptocurrency
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Amazon Denies Report It’s Considering Bitcoin Payments
Courtesy of Amazon
The outside of an Amazon Go location. Photography: Courtesy of Amazon

E-commerce retailer Amazon (Seattle) has denied media reports that it is considering accepting bitcoin payments by year’s end, according to Reuters. The report, by London’s City A.M. newspaper, sourced an unnamed insider and spurred 14.5 percent gains in the cryptocurrency on Monday.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” an Amazon spokesperson told Reuters.

A number of companies, among them Tesla, have been exploring the possibility of accepting bitcoin payments.

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Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

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