{"id":118774,"date":"2021-07-26T22:48:26","date_gmt":"2021-07-26T22:48:26","guid":{"rendered":"https:\/\/fin2me.com\/?p=118774"},"modified":"2021-07-26T22:48:26","modified_gmt":"2021-07-26T22:48:26","slug":"amazon-denies-report-of-accepting-bitcoin-as-payment","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/amazon-denies-report-of-accepting-bitcoin-as-payment\/","title":{"rendered":"Amazon denies report of accepting bitcoin as payment"},"content":{"rendered":"<figcaption>Amazon app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS\/Dado Ruvic\/Illustration<\/figcaption><p>(Reuters) &#8211; Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.<\/p>\n<p>The report bit.ly\/3xb6orM from London&#8217;s City A.M. newspaper, citing an unnamed &#8220;insider&#8221;, sent the world&#8217;s biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04.<\/p>\n<p>\u201cNotwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,\u201d said a spokesperson from Amazon.<\/p>\n<p>\u201cWe remain focused on exploring what this could look like for customers shopping on Amazon.\u201d<\/p>\n<p>The company on July 22 posted a job opening for a digital currency and blockchain product lead.<\/p>\n<p>A growing number of companies have started to accept virtual currencies for payment, bringing an asset class shunned by major financial institutions until a few years ago closer to the mainstream.<\/p>\n<p>Last week, Tesla Inc Chief Executive Officer Elon Musk said the electric-car maker will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-amazon-cryptocurrency\/amazon-denies-report-of-accepting-bitcoin-as-payment-idUSKBN2EW2HT\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS\/Dado Ruvic\/Illustration(Reuters) &#8211; Amazon.com Inc on Monday denied a media report [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":118773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon denies report of accepting bitcoin as payment - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/amazon-denies-report-of-accepting-bitcoin-as-payment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon denies report of accepting bitcoin as payment - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Amazon app is seen on a smartphone in this illustration taken, July 13, 2021. 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