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Amazon Denies Cryptocurrency Payment Rumor


Is Amazon developing cryptocurrency? The rumor is that Amazon is developing the Bitcoin payment system. According to some reports, Amazon's Bitcoin system will launch in 2021. This was ordered by Jeff Bezos, and the reports are currently in the advanced stages.The thing that was most interesting regarding this rumor mill was the possibility that Jeff Bezos may have ordered the crypto move. As if the rumors were not already titillating, another rumor on top of the rumor is that Amazon will be creating their own cryptocurrency. These rumors were supposedly spread by an insider.

Other cryptocurrencies that are not Bitcoin are also allegedly being considered by Amazon. Amazon is also reportedly looking at other cryptocurrencies, like Ethereum as well as cardano, bitcoin and cash. If Amazon continues with its "plans" to create its own cryptocurrency, they will also be establishing a system of rewards that can compel its users to use the Amazon cryptocurrency. According to an insiderwho has access to the information, this project is in its final stages and could be in the process of being implemented within the next few months.

Because of this, the prices of cryptocurrency suddenly sky rocketed. best blockchain stocks was rather weak for a number of weeks. Then, because of this rumor, the price surpassed $40,000; a feat that has not been replicated since the second week of June. Also https://local-breaking-news.com/news/article/7b3596c70501d587bc0cefda368128fe has had a positive impact on the price of other cryptocurrencies.Also, some other cryptos received price boosts due to the Amazon crypto buzz. Dogecoin's price increased by more than 14% between Sunday and Monday.In the case of dogecoin, the price of dogecoin jumped by 14%.. 14%, dogecoin prices increased by 14%..

Are the rumors real Now we have to know if this information is genuine. Unfortunately, Amazon took it down immediately.The positive side is that Amazon quickly disproved the rumors. For a lot of people, the rumors are actually rather founded since Amazon has made earlier claims about their general curiosity in blockchains. More than this, many large names have indicated an interest in cryptocurrency. PayPal, Tesla, SpaceX and many other major companies have all committed to integrating cryptocurrency. For cryptocurrency users, the good news is that their announcement is a blanket statement which means the rumors could still be a possibility. "We remained focused in exploring the implications for customers who purchase from Amazon We haven't forget to consider the implications this might have to customers who buy from Amazon ," Amazon declared. Nevertheless, Bitcoin still experienced a setback from its $40,000 price to $37,500 after Amazon's immediate rebuff.

Amazon has confirmed that to CNN Business that they were exploring the cryptocurrency. Amazon declared that cryptocurrency will be a aspect of the future and that they are keen on studying the possibility of it. If this is so and it is, then why did Amazon not deny the rumors. Amazon will be implementing a cryptocurrency system in the in the near future, it's obvious why they did so. It could be because the rumors aren't likely to be coming soon, so why did they deny the rumours?

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