JAKARTA - Amazon.com Inc. on Monday, July 26 denied media reports that said the e-commerce giant wants to accept bitcoin payments by the end of this year.
The report from the London Business Newspaper, citing an unnamed "insider", had sent the world's largest cryptocurrency up as much as 14.5% before finally trimming gains to last trade 6% higher at $37,684.
"Despite our interest in the space, the speculation surrounding our specific plans for cryptocurrencies is incorrect," said a spokesperson from Amazon. "We remain focused on exploring what the impact will be for customers shopping on Amazon."
The company on July 22 posted a job opening for a digital currency and blockchain product leader.
More and more companies in the world are starting to accept virtual currency or cryptocurrencies for payment, which has brought these crypto assets into the mainstream of payment instruments in the digital world. Although previously crypto has tended to be rejected by major financial institutions in the world in recent years.
However, Amazon stated that they are just learning about cryptocurrencies and have not made any decisions in the near future.
Last week, Tesla Inc CEO Elon Musk said the electric car maker would most likely restart accepting bitcoin as payment after conducting due diligence on the amount of renewable energy used to mine the currency.
It's just that the news has taken the cryptocurrency market by storm and made the price jump a bit in the last few days. This proves how easily crypto prices are affected by issues that are not yet clear.
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