Amazon plans to accept Bitcoin payments this year, claims insider

An nameless supply inside Amazon has reportedly informed London enterprise newspaper Metropolis A.M. that the e-commerce big is planning to begin accepting Bitcoin (BTC) funds by the tip of 2021, presumably setting the stage for broader mainstream acceptance of crypto transactions. 

“This isn’t simply going via the motions to arrange cryptocurrency fee options in some unspecified time in the future sooner or later — it is a full-on, well-discussed, integral a part of the long run mechanism of how Amazon will work,” the supply informed Metropolis A.M., in keeping with a report revealed on Sunday.

Associated: Bringing the crypto funds ecosystem around the globe: Ray Youssef

The supply indicated that, whereas Bitcoin is step one in Amazon’s crypto ambitions, executives on the firm had been eager so as to add different established cryptocurrencies sooner or later. The “directive is coming from the very prime,” referring to Jeff Bezos, they mentioned, including: 

“This complete venture is just about able to roll.”

Along with accepting Bitcoin funds, Amazon is alleged to be exploring the creation of its personal cryptocurrency, presumably as early as 2022, they mentioned. 

Hypothesis about Amazon’s entry into the cryptocurrency market has been raging for days after a brand new posting for “Digital Foreign money and Blockchain Product Lead” appeared on the corporate’s job board final week. As per the job description, the brand new rent will assist develop Amazon’s digital foreign money technique and product roadmap. The place requires robust area experience in blockchain, distributed ledgers, central financial institution digital currencies and crypto extra usually.

Associated: International locations representing over 90% of world GDP are exploring CBDCs

This isn’t the primary crypto-focused job posting at Amazon. As Cointelegraph reported, the e-commerce big in February was recruiting a technical lead to assist develop its new “Digital and Rising Funds” platform.