Insiders revealed: Amazon plans to accept Bitcoin payments and start a token plan

On July 26, foreign media sources pointed out that an anonymous source within Amazon stated that Amazon plans to accept Bitcoin payments before the end of 2021. Foreign media sources )

Although Bitcoin is the first step in Amazon’s cryptocurrency ambitions, the company’s executives are keen to add other mature cryptocurrencies in the future. ETH, ADA, and BCH may be the next ones. The source also revealed that “the instruction comes from the highest level”, referring to Jeff Bezos, and added: “The entire project is almost ready.”

In addition to accepting Bitcoin payments, Amazon is also exploring the creation of its own cryptocurrency, possibly as early as 2022. This is not just to build a cryptocurrency payment solution through actions at some point in the future-this is a complete, well-discussed, and indispensable part of Amazon’s future operating mechanism. Foreign media sources )

It’s worth noting that the news on July 23 indicated that Amazon is hiring a digital currency and blockchain product leader. This position is located in Seattle, Washington. He will work in Amazon’s payment experience team to develop Amazon’s Digital currency and blockchain strategy, as well as planning a product roadmap. Recruitment requirements include in-depth knowledge of the digital currency or cryptocurrency ecosystem and related technologies.

This is not the first job posting on Amazon with a focus on cryptocurrency. The e-commerce giant hired a technical leader in February to help develop its new “digital and emerging payments” platform.

In addition, in June of this year, Amazon is also looking for employees with decentralized finance (DeFi) experience. The job advertisement reads: “The candidate should have a record of providing large-scale excellent products in emerging fields, be passionate about blockchain, distributed systems, and cloud-scale software, and have experience in providing products or innovations in the blockchain field. Especially DeFi or traditional financial services.” Some people speculate that Amazon is looking for employees to create a digital payment token, which seems to be part of an emerging payment plan that is about to be piloted in Mexico.

Market analysts pointed out that the participation of large players like Amazon in the cryptocurrency field is likely to promote the adoption and price changes of Bitcoin and altcoins, and Bezos’ next plan may cause greater effects.

It is worth mentioning that according to a survey conducted by in February this year on 1,000 American consumers regarding Bitcoin as a payment method, the following conclusions were reached: 1.60.2% of consumers want more companies Accept Bitcoin as a payment method; 2. Amazon, Apple and Wal-Mart are the top three companies that consumers want to see accepting Bitcoin; 3.50.5% of consumers are willing to use Bitcoin to purchase products and services; 4. Ethereum and Dogs Dogecoin is the most popular payment method other than Bitcoin.

In March of this year, billionaire Tim Draper said that Amazon may soon start accepting Bitcoin. Over the years, consumers have been able to use cryptocurrency to buy products indirectly.

In April of this year, after the price of Dogecoin soared. More than 130,000 people signed a petition on calling on Amazon to accept Dogecoin as a payment method. The petition states that the cryptocurrency is “fast, cheap and stable.”

Posted by:CoinYuppie,Reprinted with attribution to:
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