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Amazon CONFIRMS Reports of Accepting Bitcoin Payment as FALSE NEWS

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Amazon, the world’s most popular e-commerce website recently faced controversy regarding the acceptance of Cryptocurrency Bitcoin. Recently news comes into the market that the world’s biggest e-commerce website will be going to accept Cryptocurrency for their normal transactions very soon. And as a result, the price of bitcoin hike by almost 20%.

But recently the officials of Amazon talk about this news with the media and said answered very important questions regarding this. So, if you are interested to know more about this press declaration of Amazon then go through this article till the end. After reading the whole one I hope you get all the rumors and reasons regarding this.

Amazon CONFIRMS Reports of Accepting Bitcoin Payment as FALSE NEWS

What actually declared by Amazon regarding this Bitcoin transaction?

In a recent press conference, an official of Amazon clearly declared that the news we are accepting Bitcoin is completely false. He said that till now they didn’t think too much about the Bitcoin transactions from the regular users. Now, they are specially working for the better experience of the users when they shop from our website or app.

So, from this, we can easily understand that the acceptance of Bitcoin is just fake news or rumors. But as a result of this news, the price of Bitcoin hikes almost 20% which can actually be really huge.

But in previous a source or media think that Amazon may accept Cryptocurrency like bitcoin from the end of this year or with the beginning of the coming year.

Amazon CONFIRMS Reports of Accepting Bitcoin Payment as FALSE NEWS

But why do these rumors come into the industry?

So, to be honest there are so many reasons behind it and that’s the result to come to this news in the industry. On 22 July 2021 Amazon posted a job for hiring digital currency and blockchain management experts. So, it’s a clear-cut indication that the company must work on some Cryptocurrency project.

Besides this, from the last 2-3 years we see the popularity of Cryptocurrencies is very much increased. All the multinational billion dollar companies now days working on blockchain technology and accept Cryptocurrency or going to accept it very soon.

In previous, the CEO of Tesla, Elon Musk also invested in Cryptocurrency Dogecoin and probably going to accept this for transactions in near future.

So, from these incidents, it’s not very much shocking that Amazon is also interested in Cryptocurrency and probably accept it in near future.

But till now, the company doesn’t accept Bitcoin or any other Cryptocurrency for the transactions and now this is officially confirmed.

That’s all for today. Stay tuned with Stanford Arts Review for the latest updates.

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