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Amazon: No, We Have No Plans to Accept Bitcoin Payments
"The speculation that has ensued around our specific plans for cryptocurrencies is not true," a spokesperson said.
Amazon has denied a British newspaper's report that it is planning to accept bitcoin payments by the end of the year.
STORY CONTINUES BELOW
“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," a spokesperson for Amazon told CoinDesk by email Monday. "We remain focused on exploring what this could look like for customers shopping on Amazon.”
The report earlier Monday by City A.M., which is distributed for free on the London Underground, cited a single, unnamed "insider." Nevertheless, many cited it as one reason for the bitcoin price's rebound after dipping below $30,000 last week.
After Bloomberg reported Amazon's denial (on the financial data provider's pricey terminal, but promptly signal-boosted by ZeroHedge), the price began retracing some of the day's gains. As of this writing, it was up 7.3% on a 24-hour basis, to $37,179.24.
As the spokesperson's comment suggests, Amazon is testing the waters, even if the reports of the company diving in were overstated.
Last week the company said it was seeking to hire a “digital currency and blockchain product lead.”
Read more: Crypto as a Payment System? Here We Go Again
UPDATE (July 26, 23:00 UTC): Adds links to first and third paragraphs, background on Amazon recruitment at end.
UPDATE (July 26, 23:30 UTC): Adds link in fourth paragraph.
Marc Hochstein
As Deputy Editor-in-Chief for Features, Opinion, Ethics and Standards, Marc oversaw CoinDesk's long-form content, set editorial policies and acted as the ombudsman for our industry-leading newsroom. He also spearheaded our nascent coverage of prediction markets and helped compile The Node, our daily email newsletter rounding up the biggest stories in crypto.
From November 2022 to June 2024 Marc was the Executive Editor of Consensus, CoinDesk's flagship annual event. He joined CoinDesk in 2017 as a managing editor and has steadily added responsibilities over the years.
Marc is a veteran journalist with more than 25 years' experience, including 17 years at the trade publication American Banker, the last three as editor-in-chief, where he was responsible for some of the earliest mainstream news coverage of cryptocurrency and blockchain technology.
DISCLOSURE: Marc holds BTC above CoinDesk's disclosure threshold of $1,000; marginal amounts of ETH, SOL, XMR, ZEC, MATIC and EGIRL; an Urbit planet (~fodrex-malmev); two ENS domain names (MarcHochstein.eth and MarcusHNYC.eth); and NFTs from the Oekaki (pictured), Lil Skribblers, SSRWives, and Gwar collections.
