Amazon has plans to bear the cryptocurrency bitcoin by the remainder of 2021 , according to an anonymously source report in the London newspaper City A.M. And while this is just the word of one anonymous “ insider ” at the Seattle - based mega - retail merchant , bitcoin ’s price skyrocket overnight and it ’s creating a lot of bombilation in the creation of cryptocurrencies — a world work up on little more than bombination .
“ This is n’t just going through the motions to determine up cryptocurrency payment solution at some point in the hereafter — this is a full - on , well - discussed , integral part of the future mechanism of how Amazon will work , ” the anonymous root say City A.M. in an clause published earlyMonday .
The insider claims that bitcoin will be the first of close to eight cryptocurrencies Amazon will commence accepting , finally include coins like ethereum , cardano and “ bitcoin Johnny Cash ” in the mix . The generator severalize City A.M. that Amazon ’s crypto plans have been in motion since 2019 and it “ wo n’t take long ” for the company to accept crypto .
Amazon founder Jeff Bezos laughs as he speaks about his flight on Blue Origin’s New Shepard during a press conference on 28 March 2025 in Van Horn, Texas.Photo: Joe Raedle (Getty Images)
Amazon even has plans to rise its own cryptocurrency , according to the origin . And the company might make it potential to pull in reinforcement for paying with what the insider call Amazon ’s “ aboriginal coin . ” Amazon did not forthwith respond to an inquiry from Gizmodo about its crypto plans early Monday .
The monetary value of bitcoin surge 13 % early Monday following the article from City A.M. hold out live , with the fake digital money polish off $ 39,143 around 2:00 a.m. ET . The price of bitcoin was just $ 34,420 only 12 hour in the beginning .
The new report from City A.M. hail after net users spotted some interesting job postings at Amazonover the weekend , include one for a “ Digital Currency and Blockchain Product Lead . ”
From the Amazonjob posting :
The Payments Acceptance & Experience team is seeking an experient product loss leader to develop Amazon ’s Digital Currency and Blockchain strategy and production roadmap . You will leverage your domain expertise in Blockchain , Distributed Ledger , Central Bank Digital Currencies and Cryptocurrency to uprise the grammatical case for the capabilities which should be developed , labor overall vision and product strategy , and gain leading bargain - in and investing for newfangled capabilities . You will work out closely with squad across Amazon include AWS to develop the roadmap include the client experience , technological scheme and capability as well as the launching strategy .
The crypto news websiteCoin Telegraphspotted another blockchain - centric problem posting from Amazon this past February , though that look to be specific to Mexico .
It ’s perhaps not surprising that Amazon would look for ways to live with bitcoin and other pass cryptocurrencies , but it ’s a huge flushed flag that Amazon would like to develop its own cryptocurrency . Depending on how you look at it , such a programme would plunge us into the past times , where company yield workers in “ scrip ” that could only be used at the society store , or it would hurl us into the sci - fi future , where asingle corporationcontrols everything we buy .
Facebook ’s architectural plan to evolve its own digital money hit mess of roadblocks after regulators and politicians around the world warned “ Zuck Bucks ” would give the companytoo much power . Facebook ’s digital money projection was announced in 2019 as Libra and then rename Diem after lots of bad publicity . Diem has yet to launch .
Amazon founding father Jeff Bezos step down as chief operating officer of Amazon earlier this calendar month , but he ’s still theexecutive chairof the company . And if you trust City A.M. the entire crypto architectural plan has been come from Bezos .
“ It begins with Bitcoin – this is the key first degree of this crypto projection , and the directive is coming from the very top … Jeff Bezos himself , ” the Amazon insider isquotedas saying .
It ’s difficult to guess what the earthly concern might look like if America ’s largest online retailer make its own digital money from nothing . Can you visualise buying food , getting your payroll check , and even paying your taxes with AmazonCoin ? It sounds absurd from the advantage point of 2021 . But it might be less ridiculous when you remember that billionaires like Bezos can pretty much do whatever they desire in the 21st 100 .
Update , 11:05 p.m. ET : Amazon e-mail Gizmodo a reply deny specific paper that the society will accept bitcoin .
“ Notwithstandingour interest in the quad , the guess that has ensued around ourspecific plan for cryptocurrencies is not true . We continue focused onexploringwhat this could look like for customers shopping on Amazon , ” an Amazon spokesperson say .
But the company did acknowledge the job posting was real , leaving the doorway open for crypto defrayment in the hereafter .
“ We’reinspired by the innovation encounter in the cryptocurrency blank andare exploring what this could look like on Amazon , ” the representative continued .
“ We trust the futurewill bebuilt on new applied science that enable modern , fast , and inexpensivepayments , and hope to bring that futurity to Amazon customer as soon aspossible . ”
AmazonBitcoinCryptocurrenciesEthereumJeff Bezos
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