Amazon denies Bitcoin rumor

Amazon has quashed the short-lived rumor that it might start accepting Bitcoin by the end of the year on its ecommerce platform.

The news was originally reported by Reuters on July 27, citing an anonymous party close to the matter.

Amazon has clarified that while the firm is interested in the space, it is not looking to immediately enable digital assets, at least not as a payment option.

An official statement by the company read: “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.”

While skeptical towards the immediate release of crypto as a payment option, the company said that it is exploring opportunities in Bitcoin.

According to a company spokesperson, Amazon remains “focused on exploring what this could look like for customers shopping on Amazon.”

Rumors that Amazon may be looking to fast-track the adoption of cryptocurrencies in day-to-day operations partly arose from numerous job postings where the company said that it was looking to hire blockchain and cryptocurrency specialists.

Speculation quickly took over and a City A.M. report based on “insider information” also corroborated the Reuters report leading people to think that Amazon may be following in the footsteps of PayPal and MasterCard.

The intense speculation may have caused the short squeeze Bitcoin achieved, soaring past $40,000 once again, and jumping 12% on its value in recent hours.

Even if Amazon won't accept it, there are plenty of websites that will. You can spend your Bitcoin on 1xBit, FortuneJack, and Bitcasino.io.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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