Amazon denies report claiming imminent acceptance of Bitcoin payments

Amazon has denied a report that claimed it plans to start accepting Bitcoin as payment before the end of the year. “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” a spokesperson for the company told Reuters, “We remain focused on exploring what this could look like for customers shopping on Amazon.”

The denial came after London-based financial paper City AM reported on a specific series of plans sourced from a company insider. According to City AM, Amazon is ready to accept Bitcoin as payment this year, followed by other popular cryptocurrencies like Ethereum, and even Amazon’s own “native token.” Instructions for the cryptocurrency initiative were...

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