crypto news

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

Published 3 years ago by Hunain Naseer

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

Crypto Vest via

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

The Long Forgotten $1 Billion Cryptocurrency Heists

As a custodian of millions of customers' bitcoin funds, it turned into a lucrative honeypot for malicious hackers. The truth was, Mt. Gox had been compromised, and had been leaking funds to hacker's b ... Read More

Macau’s Dragon Corp. Plans $500 Million ICO Despite China’s ICO Ban

Despite China’s ban on all Initial Coin Offerings (ICOs), Dragon Corp. a Macau-based gaming company is planning to raise a massive $500 million in an upcoming ICO. The gaming company seeks to integrat ... Read More

Ethereum's Scaling Solution Raiden Announces ICO, but Comes Under Criticism

The Ethereum network's latest scaling proposal dubbed Raiden Network is launching an ICO to raise funds for protocol development. Raiden works as an off chain payment network taking the load off the m ... Read More

After China Shutdown, Japan Set to Put Cryptocurrency Exchanges Under Surveillance

As reported by Japan Times, the country’s Financial Services Agency plans to start surveillance of all virtual currency exchanges operating in Japan from October. The agency will be observing all exch ... Read More

Breaking: NEO Heading to Korea After Chinese Shutdown

The Chinese platform NEO will be listed on the Korean exchange CoinNest. There were rumors over the weekend that new coins and tokens would be arriving for Korean buyers, but this time the company its ... Read More