Insider claims Amazon plans to accept Bitcoin payments this year
The insider source stated, “It begins with Bitcoin,” in describing the e-commerce giant’s intent to enter the cryptocurrency payments arena.
An anonymous source within Amazon told City A.M. that the company is planning to accept Bitcoin payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions.
“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, according to the report.
In addition to accepting Bitcoin payments, Amazon is also exploring the creation of its own cryptocurrency, possibly as early as 2022, the source further said.
Amazon’s entry into the cryptocurrency market has been raging for days as a new posting for “Digital Currency and Blockchain Product Lead” appeared on the company's job board last week. The job description states that the new hire will help develop Amazon’s digital currency strategy and product roadmap.
However, this isn’t the first crypto-focused job posting at Amazon, as the e-commerce giant in February recruited for a technical lead to help develop its new Digital and Emerging Payments platform.