According to reports from its own ranks, Amazon will soon also be accepting cryptocurrencies. The company’s plans are therefore already at an advanced stage. The courses on the crypto market reacted with significant increases.
The online retailer Amazon may soon be able to pay with cryptocurrencies. That reported first the English news site City AM. citing anonymous inside sources. Accordingly, the mail order retailer wants to activate crypto payments with Bitcoin and some selected Altcoins by the end of the year. A separate native token is also being planned. On the crypto market, the rumor caused a price rush at the start of the week.
Bitcoin course is turning up
The Bitcoin exchange rate rose by almost 4,000 US dollars practically overnight – an increase of ten percent in just 24 hours. After the key crypto currencies fought for the 30,000 mark last Wednesday, Bitcoin barely missed the connection to 40,000 US dollars less than a week later. The weekly counter shows a considerable plus of 20 percent. At press time, BTC is trading at $ 38,595.
The Amazon rumor also broke the knot with the altcoins. Ethereum (ETH) has risen by around eight percent on a daily basis and has stabilized after its odyssey below the 2,000 US dollar mark by almost 400 US dollars again well above the key mark. Polkadot (DOT) posted a plus of seven percent, while Cardano (ADA), XRP and Dogecoin (DOGE) rose between eight and twelve percentage points. With a price increase of almost five percent, the Binance Coin (BNB) got the smallest plus among the ten largest cryptocurrencies.
Amazon enters the crypto arena
Amazon has long been one of the hottest contenders for crypto payments. So far, however, the company has always remained silent and has tended to boil over the rumor mill with job advertisements. This time too, Amazon lets in Job offer speak for themselves: The large corporation is currently looking for a “Digital Currency and Blockchain Product Lead” whose tasks include developing the strategy of “Amazon’s Digital Currency”. The crypto planning of the internet giant is already at an advanced stage, as City AM reports.
The news paper quotes an Amazon insider who promised the crypto integration as part of a new payment infrastructure “by the end of the year”. The “decisive first stage of this crypto project” would therefore be initiated in the coming months with the integration of Bitcoin. This will be followed by other altcoins, including initially Ethereum, Cardano and Bitcoin Cash.
A token of its own will also come onto the market in the course of next year and transform the platform “into a multi-level infrastructure”, “in which you can pay for goods and services or earn tokens in a loyalty program”. This is “an integral part of the future mechanism of how Amazon will work,” explains the insider.