Amazon Reportedly Not Interested in Integrating Bitcoin Payments

Amazon Reportedly Not Interested in Integrating Bitcoin Payments

One of the major points that Overstock CEO Patrick Byrne made when his company began accepting bitcoin payments was that rival retailers would be forced to accept the digital currency in order to remain competitive. Amazon, you could say, is an Overstock rival, but they don't have any interest in getting involved with bitcoin, according to a Re/code report. "Obviously it gets a lot of press and we have considered [accepting bitcoins]," said Tom Taylor, who leads the Amazon payments team, "but we're not hearing from customers that it's right for them and don't have any plans within Amazon....


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Quotes

I am here to testify because I believe that global digital currency represents one of the most important technical and economic innovations of our time... As this technology moves from early adopters into mainstream acceptance, it is critical in my view that Federal and State governments establish policies surrounding digital currency.

Jeremy Allaire, the chief executive of Circle Internet Financial