{"id":309113,"date":"2021-07-27T10:21:07","date_gmt":"2021-07-27T07:21:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amazon-eyes-cryptocurrency-but-not-poised-for-bitcoin\/"},"modified":"2021-07-27T10:21:07","modified_gmt":"2021-07-27T07:21:07","slug":"amazon-eyes-cryptocurrency-but-not-poised-for-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amazon-eyes-cryptocurrency-but-not-poised-for-bitcoin\/","title":{"rendered":"#Amazon eyes cryptocurrency but not poised for Bitcoin"},"content":{"rendered":"

“#Amazon eyes cryptocurrency but not poised for Bitcoin<\/strong>”<\/p>\n

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\"The
\n The cryptocurrency sector is known as a bit of a roller coaster ride for investors, and is being watched warily by authorities and regulators concerned about its lack of transparency.
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Amazon on Monday denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency.<\/p>\n

City AM cited as unnamed insider as saying Amazon would start taking cryptocurrency, citing a recent job posting by the company for someone with digital currency and blockchain skills.<\/p>\n

Contacted by AFP, an Amazon spokesperson said information in the story was “fabricated,” but that the company does have its eyes on the cryptocurrency sector.<\/p>\n

“Not withstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” the spokesperson said.<\/p>\n

“We remain focused on what this could look like for customers shopping on Amazon.”<\/p>\n

Cryptocurrency values climbed on speculation that it might be accepted for Amazon purchases.<\/p>\n

“We’re inspired by the innovation happ<\/a>ening in the cryptocurrency space and are exploring what this could look like at Amazon,” the spokesperson said.<\/p>\n

“We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”<\/p>\n

After dipping from early May to mid-July, Bitcoin briefly rose above $40,000 on Monday before losing ground. It was trading at $37,209 about 2300 GMT on Monday.<\/p>\n

The cryptocurrency sector is known as a bit of a roller coaster ride for investors, and is being watched warily by authorities and regulators concerned about its lack of transparency.<\/p>\n

Backlash by governments caused Facebook<\/a> to scale back plans unveiled in 2019 for a global cryptocurrency called “Libra.”<\/p>\n

The project, entrusted to an independent association, has shifted to fielding “Diem” stablecoins, a type of cryptocurrency whose value is based on select real-world currencies.<\/p>\n

Amazon handles hundreds of billions of dollars in transactions annually, making it a huge marketplace for cryptocurrency to make a debut as legal tender.\n <\/p>\n\n

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Venmo launching crypto feature to buy and sell Bitcoin, other digital currency\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Amazon eyes cryptocurrency but not poised for Bitcoin (2021, July 27)
\n retrieved 27 July 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-07-amazon-eyes-cryptocurrency-poised-bitcoin.html<\/p>\n

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