Amazon is reportedly planning to accept bitcoin by the end of
the year, after which the company will roll out support for other major
cryptocurrencies. Furthermore, the company is exploring launching its
own cryptocurrency. “The directive is coming from the very top … Jeff
Bezos himself.
Amazon’s Crypto Project ‘Ready to Roll’
Following the news of Amazon seeking to hire a digital currency and blockchain lead, City A.M. publication reported that the company actually has plans to accept bitcoin and other popular cryptocurrencies.
Citing “an insider” at the company, the news outlet reported that
Amazon is looking to accept bitcoin payments “by the end of the year”
and the company is also investigating its own token for 2022.
Amazon “isn’t just going through the motions to set up cryptocurrency
payment solutions at some point in the future,” the insider claims,
adding that its crypto project “is a full-on, well-discussed, integral
part of the future mechanism of how Amazon will work.” She elaborated:
It begins with bitcoin – this is the key first stage of
this crypto project, and the directive is coming from the very top …
Jeff Bezos himself.
“This entire project is pretty much ready to roll,” the insider
revealed, emphasizing that “It won’t take long because the plans are
already there, and they have been working on them since 2019.”
Noting that Amazon’s directors were keen to move forward with adding
support for other big cryptocurrencies once a fast and secure method of
bitcoin payment is established, she said:
Ethereum, cardano and bitcoin cash will be next in line
before they bring about eight of the most popular cryptocurrencies
online.
Besides accepting crypto payments, Amazon is also exploring launching
its own coin, the insider explained. “When all these crypto ducks are
lined up, there’s another twist to push things even further into
Amazon’s favour – a native token,” she opined, adding:
After a year of experiencing cryptocurrency as a way of
making payments for goods, it is looking increasingly possible that
we’re heading towards tokenisation.
“This then becomes a multi-level infrastructure where you can pay for
goods and services or earn tokens in a loyalty scheme,” she described.
source link : https://news.bitcoin.com/jeff-bezos-amazon-accept-bitcoin-popular-cryptocurrencies/
