Amazon reportedly plans to accept Bitcoin by the end of the year, after which the company will roll out support for other major cryptocurrencies. In addition, the company is examining the introduction of its own cryptocurrency. “The directive comes from the very top … Jeff Bezos himself.”
Amazon’s crypto project “Ready to Roll”
Following news that Amazon is trying to hire a digital currency and blockchain lead, City AM’s publication reported that the company actually plans to accept Bitcoin and other popular cryptocurrencies.
Citing an “insider” of the company, the news agency reported that Amazon wants to accept Bitcoin payments “by the end of the year” and the company is also investigating its own token for 2022.
Amazon “is not just about setting up payment solutions in cryptocurrency at some point in the future,” claims the insider, adding that its crypto project is “a comprehensive, well-discussed, integral part of the future mechanism”. how Amazon will work. “She stated:
It starts with Bitcoin – this is the most important first phase of this crypto project, and the directive comes from the very top … Jeff Bezos himself.
“This whole project is as good as ready to start,” said the insider and emphasized: “It won’t take long, because the plans are already there and they have been working on them since 2019.”
Noting that Amazon’s directors were keen to add support for other major cryptocurrencies once a fast and secure method for Bitcoin payment is in place, she said:
Ethereum, Cardano and Bitcoin Cash will follow next before bringing eight of the most popular cryptocurrencies online.
In addition to accepting crypto payments, Amazon is also considering introducing its own coin, the insider said. “With all of these crypto ducks lined up, there’s another twist to push things even further in Amazon’s favor – a native token,” she said, adding:
After a year of experiencing cryptocurrencies as a means of payment for goods, it is increasingly possible that we will move towards tokenization.
“This then becomes a tiered infrastructure where you can pay for goods and services or earn tokens in a loyalty program,” she described.
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