Amazon plans to accept Bitcoin payments this year, claims insider

“It begins with Bitcoin,” associate anonymous corporate executive aforesaid in describing Amazon’s intent to enter the cryptocurrency payments arena.

An anonymous supply inside Amazon has reportedly told London business newspaper town A.M. that the e-commerce large is about to begin acceptive Bitcoin (BTC) payments by the top of 2021, presumably setting the stage for broader thought acceptance of crypto transactions.

“This is not just hunting the motions to line up cryptocurrency payment solutions at some purpose within the within the a full-on, well-discussed, integral a part of the long run mechanism of however Amazon can work,” the supply told town A.M., in keeping with a report printed on Sunday.

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The supply indicated that, whereas Bitcoin is that the commencement in Amazon’s crypto ambitions, executives at the corporate were keen to feature different established cryptocurrencies within the future. The “directive is returning from the terribly high,” pertaining to Jeff Bezos, they said, adding:

“This entire project is pretty much ready to roll.”

In addition to accepting Bitcoin payments, Amazon is said to be exploring the creation of its own cryptocurrency, possibly as early as 2022, they said.

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.

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This isn’t the first crypto-focused job posting at Amazon. As Cointelegraph reported, the e-commerce giant in February was recruiting a technical lead to help develop its new “Digital and Emerging Payments” platform.