Bitcoin surged above $40,000 per coin after Amazon revealed it was hiring an expert in the cryptocurrency field. Reuters reported the cryptocurrency’s value jumped 12% over a 24-hour period.
The price eased on Tuesday after an Amazon spokesman denied online speculation, saying that while the company had “an interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.”
The spokesman added, “We remain focused on exploring what this could look like for customers shopping on Amazon.”
AMAZON MAY BE DIPPING ITS TOES INTO THE CRYPTO WORLD.
AND THE RUMOR HAD THE PRICE OF BITCOIN SURGING. WE’RE TALKING 12% OVERNIGHT.
THIS HAPPENED AFTER CLAIMS STARTED CIRCULATING ON SOCIAL MEDIA THAT AMAZON MAY START ACCEPTING BITCOIN AS A FORM OF PAYMENT BY THE END OF THE YEAR.
AMAZON RESPONDED SAYING THE SPECULATION ON “SPECIFIC PLANS” IS “NOT TRUE” – ADDING THEY REMAIN FOCUSED ON EXPLORING WHAT THIS COULD LOOK LIKE FOR CUSTOMERS ON AMAZON.
SOME PEOPLE BELIEVE BITCOIN’S DEBUT ON AMAZON WILL BE SOONER RATHER THAN LATER AFTER THEY POSTED THIS JOB AD FOR A DIGITAL CURRENCY AND BLOCKCHAIN PRODUCT LEAD.
IN THE AD, AMAZON SAYS ITS LOOKING FOR A LEADER TO DEVELOP AMAZON’S DIGITAL CURRENCY AND BLOCKCHAIN STRATEGY.
DOES IT SOUND LIKE THEY’RE DROPPING HINTS? WELL, IT CERTAINLY HAS PEOPLE TALKING.
WITH KHALIL ON TWITTER SAYING THAT AMAZON AND BITCOIN NEWS IS HUGE.
ANOTHER SAYING THAT AMAZON ACCEPTING BITCOIN WILL HAVE AN OUTSIZED IMPACT ON THE CRYPTOCURRENCY’S PRICE.
BUT AMAZON ISN’T THE FIRST COMPANY TO CONSIDER ADOPTING CRYPTOCURRENCY. TESLA BRIEFLY ACCEPTED BITCOIN AS A PAYMENT THIS YEAR, BUT SUSPENDED IT AS AN OPTION IN MAY DUE TO CLIMATE CONCERNS. PEOPLE MINING BITCOIN ONLINE IS CAUSING A NOTABLE INCREASE IN ENERGY USAGE CREATING A MASSIVE CARBON FOOTPRINT.
CEO ELON MUSK SAID TESLA WOULD LIKELY START ACCEPTING IT AGAIN AFTER CONDUCTING MORE RESEARCH.
ONE THING IS FOR SURE, BITCOIN IS GAINING LEGITIMACY.
DO YOU THINK AMAZON IS MOVING IN THE RIGHT DIRECTION?
LET US KNOW IN THE COMMENTS BELOW.