Search

Amazon denies report of accepting bitcoin as payment - Fox Business

Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.

Stocks in this Article

AMZN AMAZON.COM, INC.

$3,699.82

+43.18 (+1.18%)

The report from London's City A.M. newspaper, citing an unnamed "insider," sent the world's biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04.

AMAZON NOW HAS 'KEYS' TO THOUSANDS OF APARTMENT BUILDINGS IN THE U.S.

"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon.

Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.

"We remain focused on exploring what this could look like for customers shopping on Amazon."

The company on July 22 posted a job opening for a digital currency and blockchain product lead.

A growing number of companies have started to accept virtual currencies for payment, bringing an asset class shunned by major financial institutions until a few years ago closer to the mainstream.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Last week, Tesla Inc Chief Executive Officer Elon Musk said the electric-car maker will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency.

Adblock test (Why?)

Article From & Read More ( Amazon denies report of accepting bitcoin as payment - Fox Business )
https://ift.tt/3ybJpyi
Business

Bagikan Berita Ini

0 Response to "Amazon denies report of accepting bitcoin as payment - Fox Business"

Post a Comment

Powered by Blogger.