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Amazon on course to accept Bitcoin payments

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According to a story in the City A.M. newspaper in London, an unidentified source within Amazon has stated that the e-commerce giant plans to accept Bitcoin (BTC) payments by the end of 2021, potentially paving the way for greater public adoption of cryptocurrency acceptance in business.

This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work” says the author.

The source alerted City A.M. about the situation on Sunday.

She stated that, while Bitcoin is the initial step in Amazon’s cryptocurrency aspirations, business officials are eager to expand the firm’s cryptocurrency offerings to include other well-established cryptocurrencies in the future.

She added that the direction is coming from the very top, which she referred to as Jeff Bezos.

This entire project is pretty much ready to roll.”

Amazon, in addition to accepting Bitcoin payments, is believed to be researching the establishment of its own cryptocurrency, which may be launched as early as 2022, according to the spokesperson.

The possibility of Amazon entering the cryptocurrency market has fuelled speculation for many days, after a recent job advertisement for a cryptocurrency trader.

The position of “Digital Currency and Blockchain Product Lead” was posted on the company’s job board just a few days ago.

A job description states that this individual will contribute to the development of Amazon’s digital currency strategy and product roadmap.

To be successful in this role, you must have extensive domain knowledge in blockchain, distributed ledgers, central bank digital currencies, and cryptocurrency in general.