THELOGICALINDIAN - Amazon will not be accepting crypto payments by the end of 2024 but the worlds fourth best admired aggregation is still absorbed in blockchain technology
The rumors of Amazon affective to acquire Bitcoin for purchases was a agitator for one of the best canicule for the crypto markets back May. The online behemothic has back denied these rumors, arch Bitcoin to bead 7% in the aftermost hour.
False Rumors
Earlier this morning, the bazaar saw a aciculate arise afterward the rumor that Amazon was advancing to acquire crypto payments. While the contempo absorption of the online retail behemothic for blockchain is added than legitimate, as apparent by its recent job postings accompanying to blockchain technology, this accurate rumor wasn’t.
https://twitter.com/DocumentingBTC/status/1419751245892538369
While BTC had one of its best canicule in contempo memory, the arch cryptocurrency has apparent a balmy alteration afterward Amazon’s update. The amount that had alone aloof burst through $40,000 fell aback beneath $38,000.
Earlier today, Crypto Briefing warned that the rumors remained doubtful as the account was appear by City AM, a chargeless London newspaper, and the sources quoted by the advertisement were anonymous. It seems as the bazaar was too quick to acknowledge to what in hindsight seems like a actual absurd about-face of events. If Amazon appear cryptocurrency support, affairs that City AM would be breaking the adventure are slim.
The rumor declared that Amazon was advancing not alone to acquire Bitcoin and Ethereum as a acquittal advantage but additionally Bitcoin Cash and Cardano, two choices that assume beneath astute at this time due to their bottom usage.
The afterward amount movement hasn’t apparent a aciculate amend yet, advertence that the Amazon account wasn’t the alone accidental agency for the contempo amount action. During the weekend, both Bitcoin and Ethereum saw positive affect return afterwards a two-month-long alliance period.
Disclaimer: The columnist captivated ETH and several added cryptocurrencies at the time of writing.
