Amazon has denied reports that it is planning to accept Bitcoin as a means of payment later this year.
Rumours of Amazon supporting Bitcoin backed by assurances from an anonymous “insider” spread like a wide fire in the last few days, shooting bitcoin’s price up by over 14%.
Analysts and observers appear to believe the reports, and it all made sense considering the e-commerce company advertised a job opening for a Digital Currency and Blockchain Lead.
According to a news story by Reuters, Amazon has no intentions of accepting bitcoin as a means of payment for the time being.
However, the American multinational e-commerce firm will continue to explore the possibility of supporting bitcoin – emphasizing its interest in the crypto space.
A spokesperson for Amazon said: “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,”
“We remain focused on exploring what this could look like for customers shopping on Amazon.” Amazon’s spokesperson added.
Bitcoin’s price has retracted since the update from Amazon. It is currently trading at $37,285 (at press time) according to data from CoinMarketCap.