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Rumor Says Amazon Will Accept Bitcoin Payments in October, No Official Statement

Published 1 year ago by Hunain Naseer

Rumor Says Amazon Will Accept Bitcoin Payments in October, No Official Statement

Crypto Vest via cryptovest.com

Rumors have recently followed an unverified report that Amazon, one of the world’s largest online shopping stores, is going to accept Bitcoin as a payment method next month. The article on Squawker goes on to establish his credibility saying: While this seems like more like an opinion rather than a fact, it is not entirely unlikely that Amazon may look into blockchain technology, especially since last year the company partnered up with Digital Currency Group, which is a major investor in blockchain companies and Bitcoin. Moreover, Amazon is a company that tries to stay on the leading edge of technology, and given how others in the industry are looking into Bitcoin, it would make sense for Amazon to do so as well. Recently a developer shared his insights into Google’s new Payment Request API: This essentially means that any service that uses Google’s Payment Request API can start accepting Bitcoin payments. Overstock, another online retailer, was the first to start accepting Bitcoins and the CEO Patrick Byrne believes Amazon has to follow suit. Recently, Barry Silbert, founder and CEO of the Digital Currency Group, ran a Twitter poll, the result of which indicated that 52% of the 4,500 participants believe Alibaba, one of the world’s largest online retailers, will be the first to adopt Bitcoin as opposed to Amazon, Google or Facebook. While all these are simply speculations and there is no official statement from any company about future Bitcoin integration, if true, it would be a major development towards mainstream cryptocurrency adoption. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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