Amazon plans to explore crypto but denies bitcoin payments.

The world’s biggest e-commerce platform Amazon has denied any reports of it accepting bitcoin payments. However, the company is exploring the digital currency space.

The world’s leading e-commerce giant Amazon is looking for a digital currency and blockchain lead to leverage these technologies to better its payments system. This led to reports that Amazon was considering bitcoin payments, although the firm has denied the claims. Several of the major firms as big as Amazon have been exploring digital currency payments. The reports of Amazon working on bitcoin payments sent the bitcoin price roaring. 

Amazon posted a job opening related to blockchain and crypto payments. 

Amazon had posted a job opening related to blockchain and crypto payments that led to the reports of the firm planning to accept bitcoin payments. The job posting for the blockchain lead revealed that he “will leverage domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency” to drive product strategy and development. Amazon stated, “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

Amazon denies reports of exploring a native token. 

Earlier it was reported that Amazon would lay the groundwork for payments in most of the top 10 digital currencies by market cap. And in an even bigger move, it would start working on its own native token by 2022. However, Amazon has dismissed these rumours. In a statement on Monday afternoon, a spokesperson for the e-commerce giant set the record straight by stating, “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.”