Jul 26, 2021 by Andrei Calina

Even though this is, at the core, just a rumor – coming from a presumed insider – Amazon accepting BTC payments by the end of 2021 could be huge for the cryptocurrency world.

London-based business newspaper City A.M. reports that they have received a hint claiming that the e-commerce giant will start accepting this way of payment sometime in the following months!

Setting the stage for mainstream acceptance

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” the source says.

But this is not everything, as it was also hinted that even though accepting BTC payments is the first big step in Amazon’s crypto ambitions, the company is planning to integrate even more cryptocurrencies in the future, mentioning that the “directive is coming from the very top.” Obviously, a reference to Jeff Bezos himself.

A new coin in the works?

However, Amazon accepting BTC payments isn’t the only news, as it appears that the company is also exploring the development of its own cryptocurrency, a project scheduled for 2022.

Over the past few days, there has been a lot of speculation on this topic, following Amazon’s job posting for a “Digital Currency and Blockchain Product Lead”. The position, which appeared on the company’s job board last week, is for somebody who will help develop their digital strategy and product roadmap and it requires strong blockchain knowledge, as well as distributed ledgers, central bank digital currencies, and cryptocurrency.

Yet again, there’s no guarantee that these rumors are indeed true and it could be just a method of pumping the price of Bitcoin. On the other hand, if it eventually happens, it will be a big moment for cryptocurrencies, in general, able to make the price of a token skyrocket!