Earlier, news from an insider claiming Amazon will accept Bitcoin flooded the internet, an Amazon spokesperson has come out to deny this news calling it false.
The prior claims that Amazon was preparing to accept Bitcoin and examine the issuance of its own token next year were untrue, according to an Amazon spokeswoman.
Previously, according to a story from City AM quoting Amazon insiders, the world’s largest online retailer intends to embrace Bitcoin and is considering launching its own token in 2022.
The report even went on to suggest that:
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. […] 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.
Many people in the community questioned the report’s veracity and the insiders’ credibility.
It didn’t take long for the company to issue an official statement, confirming that the City AM claim was untrue.
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.
In any case, the news had a significant impact on the market, with Bitcoin losing about $2,000 in a couple of minutes. BTC is currently trading at $38,500 after reaching an intraday high of roughly $40,500.
