Amazon will start accepting bitcoin payments in late 2021, says employee
Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, an insider reportedly told City AM.
Amazon, the fourth-largest company on the planet with a market value of $1.84 trillion, wants a leader in cryptocurrencies and blockchain. According to a job advertisement from the company, the professional will work in the area of acceptance and payment experience.
More precisely, the leadership will work on developing Amazon’s digital currency and blockchain product strategy and roadmap.
But, according to a report made by City AM, an insider told that the plans run much deeper than simply bringing someone on board to examine possibilities.
“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,” she told City AM.
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“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”
“After a year of experiencing cryptocurrency as a way of making payments for goods, it is looking increasingly possible that we’re heading towards tokenisation.
“This then becomes a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.