fbpx
Tuesday, September 28, 2021
More

    Bitcoin Price Surges Over Amazon Crypto Payment Speculation

    PA Images

    Bitcoin has made its biggest gains in over a month after rumours began circulating that Amazon could be preparing to allow cryptocurrency payments on its platforms.

    The world’s most valuable virtual currency has risen by around 20% in the past week, partially recovering from a volatile past couple of months which has seen Bitcoin fall below $30,000 on a number of occasions.

    Bitcoin rose to $39,000 following Amazon speculation (PA Images)PA Images

    The increase, which saw the cryptocurrency climbing to trade at around $39,000, was spurred at least in part by speculation Amazon was making moves to support cryptocurrency payments, after reports emerged the online shopping giant was hiring a ‘digital currency and blockchain product lead.’

    Eagle-eyed observers spotted earlier this week that Amazon had begun advertising for the position, which the company said would require a crypto expert to help the company ‘innovate within the payments and financial systems.’

    City AM reports that the company plans to begin accepting Bitcoin payments on its platforms by the end of the year, citing a source that claimed the company could be in the early stages of developing its very own cryptocurrency, following in the footsteps of Facebook, who have been in the process of launching their own virtual coin – Diem – for the past year.

    A source claimed Amazon was planning on developing its own cryptocurrency (PA Images)PA Images

    ‘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,’ the source said.

    Amazon has not commented on the reports, but a spokesperson for the company said in a statement that it was continuing to work to facilitate new forms of digital payment on its various services.

    ‘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,’ they said, per The Independent.

     

    You Might Like This

    Mum Mortified After Son Shares His Naked Painting Of Her In School Assembly

    Nikki Britton/Facebook A mum has been left well and truly red-faced after her son shared his naked painting of her to his entire school assembly.  After...

    The World’s Oldest Grape Vine Has Survived For Almost 500 Years

    Photo: Kay Adams/Wikimedia Commons Maribor, Slovenia, is home to the world's oldest grapevine that is still yielding fruit,...

    Girl cries small rocks from one eye

    Doctors are stumped by a teenage girl who appears to cry small rocks from one eye. The 15-year-old girl from Kannauj, Uttar Pradesh, northern India,...

    Woman fell off balcony while allegedly enjoying an intimate moment with her boyfriend

    Dramatic footage shows a half-naked woman falling from a balcony and onto a car roof with what a witness described as a "loud crash"...

    Related Stories

    Leave a reply

    Please enter your comment!
    Please enter your name here