Amazon prepares to accept Bitcoin, Ethereum, Cardano and Bitcoin Cash, reveals source and price skyrockets
Amazon prepares to accept Bitcoin, Ethereum, Cardano and Bitcoin Cash, reveals source and price skyrockets By Editor DailyBitcoin Editor

An anonymous source informed a British media of this acceptance of Bitcoin and other cryptocurrencies by Amazon, the news was reproduced by other media and prices soar.

(UPDATE: Amazon denied, on Monday afternoon, the media City A.M., the basis of the information in this article)

“Amazon “definitely” aligns Bitcoin payments, confirms an informant”. So headlined the British media City A.M

. and the information quickly spread in many specialized crypto media.

The media outlet reports that Amazon, the world’s largest and best-known e-commerce company founded by Jeff Bezos, is looking to accept Bitcoinpayments “by the end of the year

” and is researching its own token for 2022, a source revealed to him.

Prior to that, as previously told by DiarioBitcoin, Amazon revealed on Friday, July 23 about a new job opening

, which indicated that the company is apparently working on its own token.

According to Friday’s post, the person would be tasked with developing the strategy and mapping out the roadmap for the digital currency product. It says: ” Want to innovate on behalf of customers within the financial and payment systems of one of the world’s largest e-commerce companies? […] The Payments Acceptance & Experience team is looking for anexperienced product leaderto develop Amazon’s blockchain

and digital currency product roadmap and strategy.”

Regarding this, the unnamed source told City A.M.


“This isn’t just going through the motions of setting up cryptocurrency payment solutions at some point in the future; this is an integral, well-discussed part of the future mechanism of how Amazon will operate.”

He adds:

“It starts with Bitcoin: this is the first key stage of this crypto project, and the directive is coming from the very top … Jeff Bezos himself.”

Amazon: not just Bitcoin

The insider also explained that the directors of the world’s fourth-largest company were eager to a

vanish towards other major cryptocurrencies once it had established a fast and secure method of paying for Bitcoin.

Ethereum, Cardano and Bitcoin Cash will be next in line before bringing eight of the most popular cryptocurrencies online,” the source added to the media outlet and further said, “It won’t take long because the plans are already there and they have been working on them since 2019″.

And he stressed:

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

But according to the source, it won’t stay alone in crypto adoption: it’s going for its own token.

“When all these crypto are lined up, there’s another twist to push things even further in Amazon’s favor: a native token,” the anonymous source explained. He added:

“After a year of experimenting with cryptocurrency as a way to make payments for goods, it’s looking more and more possible that we’re heading towards tokenization.”

He also told City A.M. :

“This then becomes a multi-tiered infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.”

He finished:

“There is little else, for now, but you can guarantee that Bitcoin’ s plan will be closely monitored as opportunities are explored with Amazon’s own version of a crypto.”

Bitcoin rises after Amazonnews

Other media outlets published versions of the City A.M. story. Despite being an anonymous source, that is, it is not official news, that did not inhibit the enthusiasm of the market that since learning of the news. CryptoMarkets DiarioBitcoin’ s Bitcoin Daily reveals an increase of 11.88% in the price of Bitcoin (BTC ) between yesterday and today, and the currency at this hour, 7:30 am in New York, exceeds USD $38,516. This is its best price since mid-June.

It’s not the only one with increases to be named in the article: also Ethereum, Cardano and Bitcoin Cash had price increases. ETH had an increase of 8.44%, Cardano (ADA) of 10.48% and BitcoinCash (<a href=””>BCH ) of 12.17%.

Sources: City AM, UToday, Zycrypto, archive


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