Notes

Amazon is not taking cryptocurrency payments, Yet


Is Amazon building cryptocurrency? People then assumed that because Amazon was creating a section specifically for cryptocurrencies and blockchains, Amazon is creating a system that will eventually accept crypto as a form of payment. According to reports, Amazon will have a Bitcoin-based payment system in place by 2021. These rumors were believed to be initiated by Jeff Bezos. As if the rumors were not already titillating, another rumor on top of the rumor is that Amazon will be creating their own cryptocurrency. blockchain penny stocks were supposedly spread by an insider.

Other cryptocurrencies that are not Bitcoin are also allegedly being considered by Amazon. Amazon is said to be considering other cryptocurrencies, like Ethereum as well as cardano, bitcoin and cash. Amazon is also said to be planning towards an awards system that will make users feel like using the Amazon cryptocurrency is an advantage. According to the insider, this Amazon project is already being wrapped up and consumers can expect it some time soon.

The result was that cryptocurrency prices began to rocket.Even though it was just rumors that caused the massive price hike for Bitcoin. Bitcoin's price performance was rather weak for a number of weeks. The price of Bitcoin increased to $40,000 because of the rumor. The feat has not been repeated since June 2nd in 2016. Also, this news has positively affected the prices of all other cryptocurrencies. Dogecoin's price increased by more than 14% between Sunday and Monday.In the case of dogecoin, the price of dogecoin rose by 14%..About 14%, the price of dogecoin rose by 14%.

Now, the question is, is this gossip actually legit? The negative news? Amazon promptly shut down the site. For a lot of people, the rumors are actually rather founded since Amazon has made earlier claims about their general curiosity in blockchains. It also would not be surprising for Amazon to have a cryptocurrency system in place because other big companies have also been doing so. The top names that fall into this category are Tesla, PayPal and SpaceX. Paypal, Tesla and SpaceX are only a few of the big players that have added cryptocurrency to their lists of. For cryptocurrency users, the good news is that their announcement is a blanket statement which means the rumors could still be a possibility. "We continued to investigate the implications for customers who purchase from Amazon We did not forget to consider the implications for customers purchasing on Amazon ," Amazon said. Even though blockchain voting was purposely ambiguous, the renouncement still negatively affected the prices of Bitcoin; lowering the cryptocurrency from $40,000 to $37,500.

Amazon has also told CNN Business that although they aren't expecting to see the creation of an Amazon cryptocurrency in the near future they will be exploring it. In the same interview with CNN Business, Amazon also said that since cryptocurrency seemed to be a permanent fixture of the future, they wanted to be a part of that future. The question is: It could simply be that they have not yet confirmed the existence of a cryptocurrency system by Amazon.

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