Amazon Responds To Rumors That It Is Integrating Bitcoin Payments On Its Plat...
Amazon has recently been the subject of discussion in relation to bitcoin and crypto. Rumors circulated as the weekend drew to a close that Amazon was planning on integrating bitcoin payments on its platform. The news made the rounds and the markets responded as coin prices shot up. Bitcoin price saw over 10% gains in […]
Related News
The rumors that Amazon might be dabbing into Bitcoin and crypto payments are strengthening. The e-commerce titan is looking for a Digital Currency and Blockchain Product Lead, according to a job posted on their website. As Bitcoinist reported, Amazon wants someone with the capacity to “innovate within the payments and financial system” and would be […]
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....
This is what Amazon Wallet looks like. Amazon isn't new to the digital payments industry. The online retailer launched Amazon Payments back in 2007, a service that directly competes with the likes of PayPal and Google Wallet. Then in December 2013, Amazon purchased GoPago, a mobile payments platform. Now, continuing the company's push into the digital payments sector, Amazon has launched Amazon Wallet. What Amazon Wallet Does, Or Rather, Doesn't Do. Amazon Wallet is...surprisingly basic. Designed for use at the point-of-sale, Amazon Wallet is essentially an Android app that stores gift....
Bitcoinist reported earlier the rumors of an insider in Amazon confirming the company might be integrating bitcoin on its platform. Following on this news has been the massive run-up of bitcoin price. In the past 24 hours, bitcoin’s price has gone up a whopping 12%. Breaking $39,000 on exchanges like Coinbase. But not quite breaking […]
Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down. Amazon rumors circulated the market, contributing to major gains in the crypto market. Coins like Bitcoin and Dogecoin saw over 10% gains added to their prices in just 24 hours. The crypto market recorded significant gains as the market saw hundreds of millions of shorts liquidated in a....