Amazon eyes cryptocurrency but not poised for Bitcoin


An Amazon spokesperson said information in the City AM story was ‘fabricated’, but that the company does have its eyes on the cryptocurrency sector. — AP

NEW YORK: Amazon on July 26 denied a report that the e-commerce giant planned to begin accepting Bitcoin payments by the end of this year, but acknowledged an interest in cryptocurrency.

City AM cited as unnamed insider as saying Amazon would start taking cryptocurrency, citing a recent job posting by the company for someone with digital currency and blockchain skills.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

US power, tech companies lament snags in meeting AI energy needs
Meta releases early versions of its Llama 3 AI model
Exclusive-Microsoft's OpenAI partnership could face EU antitrust probe, sources say
Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool
TSMC estimates losses of $92.4 million due to Taiwan earthquake
Exclusive-Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system
Binance working closely with Nigeria authorities to resolve exec's detention, CEO says
Critics of India's Modi migrate online as mainstream media stays deferential
3,000-member revenge porn group had underage victims, US officials say. Creator arrested
Huawei unveils new phone lineup to ramp up the pressure on Apple

Others Also Read