Earlier this week, reports began claiming that Amazon was in the process of enabling cryptocurrency payments on its massive store. This would have been a very big deal and we swiftly began observing cryptocurrency prices creeping up following the news. Unfortunately, the story appears to have been incorrect. 

Amazon has denied reports claiming that it is planning to start accepting cryptocurrency payments, such as Bitcoin. Speaking with Reuters, an Amazon spokesperson set the record straight, stating that while Amazon has an interest in cryptocurrency, it does not plan to begin accepting any cryptocurrencies as a new payment method at this time.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.”

The door isn't closed completely, as Amazon seems to be keeping an open mind in regards to cryptocurrency, but you won't be paying for your Amazon orders with Bitcoin any time soon.

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KitGuru Says: There did seem to be something fishy about the rumour initially and now we know why. Perhaps one day Amazon will accept crypto payments, but there are no plans in the immediate future. 

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