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{"id":1064,"date":"2021-07-26T08:52:42","date_gmt":"2021-07-26T08:52:42","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/07\/26\/amazon-may-start-accepting-btc-payments-by-end-of-2021-and-launch-its-own-coin-in-2022\/"},"modified":"2021-07-26T08:52:42","modified_gmt":"2021-07-26T08:52:42","slug":"amazon-may-start-accepting-btc-payments-by-end-of-2021-and-launch-its-own-coin-in-2022","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/07\/26\/amazon-may-start-accepting-btc-payments-by-end-of-2021-and-launch-its-own-coin-in-2022\/","title":{"rendered":"Amazon May Start Accepting BTC Payments by End of 2021 and Launch Its Own Coin in 2022"},"content":{"rendered":"

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Notably, Bitcoin is the first currency Amazon is considering. However, in the future, it will expand its possibilities with other digital assets.\u00a0<\/p>\n<\/div>\n

Amazon.com Inc<\/a> (NASDAQ: AMZN) is considering to start accepting Bitcoin (BTC<\/a>) as a payment method as soon as this year. Recently, Amazon\u2019s Payments Acceptance & Experience team revealed a new job offering<\/a>. In particular, the company is \u201cseeking an experienced product leader to develop Amazon\u2019s Digital Currency and Blockchain strategy and product roadmap\u201d. It wants to \u201cdevelop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities\u201d. According to an insider, this reflects the retail giant\u2019s intention to run much further than just exploration of cryptocurrencies\u2019 possibilities. And by the end of this year, Amazon is likely to accept BTC payments.<\/p>\n

The insider told to London business newspaper City AM: <\/p>\n

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\u201cThis isn\u2019t just going through the motions to set up cryptocurrency payment solutions at some point in the future \u2013 this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work. It begins with Bitcoin \u2013 this is the key first stage of this crypto project, and the directive is coming from the very top\u2026 Jeff Bezos himself.\u201d<\/p>\n<\/blockquote>\n
Notably, Bitcoin is the first currency Amazon is considering. However, in the future, it will expand its possibilities with other digital assets.<\/p>\n
The insider added:<\/p>\n
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\u201cEthereum, Cardano, and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online. It won\u2019t take long because the plans are already there, and they have been working on them since 2019.\u201d<\/p>\n<\/blockquote>\n
Previously, Amazon had nothing to do with cryptos. Back in 2017, Amazon CEO Andy Jassy (then CEO of AWS) explained\u00a0that the company did not focus on blockchain technology. However, he acknowledged that Amazon was \u201cwatching it carefully\u201d.<\/p>\n
Amazon to Launch Its Own Token after Starting Accepting BTC<\/h2>\n
Apart from accepting BTC payments, Amazon is also considering launching if its own digital currency. And the latest job posting for\u00a0Digital Currency and Blockchain Product Lead only fuels this rumor.<\/p>\n
\u201cWhen all these crypto ducks are lined up, there\u2019s another twist to push things even further into Amazon\u2019s favor \u2013 a native token. \u2026 You can guarantee the Bitcoin plan will be monitored closely as opportunities with Amazon\u2019s own version of a crypto will be explored,\u201d commented the insider.<\/p>\n
She also said that \u201cthis entire project is pretty much ready to roll\u201d.<\/p>\n
In fact, Amazon has already launched its first virtual currency back in 2013. Since then, Amazon Coin offers users discounts on purchases on Kindles and Fire tablets. However, if the company rolls out a new token, it will be something different. The first benefit of Amazon\u2019s crypto would become incredibly popular as a form of payment. Besides, it would gain adoption if there are incentives for Amazon Prime subscribers.<\/p>\n
next<\/a> Altcoin News<\/a>, Bitcoin News<\/a>, Cryptocurrency news<\/a>, Currencies<\/a>, Market News<\/a> <\/span> <\/p>\n
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$\"Daria$ <\/figure>\n
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Daria is an economic student interested in the development of modern technologies. She is eager to know as much as possible about cryptos as she believes they can change our view on finance and the world in general.<\/p>\n<\/section>\n<\/article>\n<\/div>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
Notably, Bitcoin is the first currency Amazon is considering. However, in the future, it will expand its possibilities with other digital assets.\u00a0 Amazon.com Inc (NASDAQ: AMZN) is considering to start accepting Bitcoin (BTC) as a payment method as soon as this year. Recently, Amazon\u2019s Payments Acceptance & Experience team revealed a new job offering. In […]<\/p>\n","protected":false},"author":1,"featured_media":1065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[63,1061,68,142,404,64,443],"class_list":{"0":"post-1064","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-accepting","9":"tag-amazon","10":"tag-btc","11":"tag-coin","12":"tag-launch","13":"tag-payments","14":"tag-start"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/1064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=1064"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/1064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/1065"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=1064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=1064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=1064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}