Amazon on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. Reuters reports: The report from London’s City A.M. newspaper, citing an unnamed “insider,” sent the world’s biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04. “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” said a spokesperson from Amazon. “We remain focused on exploring what this could look like for customers shopping on Amazon.” The company on July 22 posted a job opening for a digital currency and blockchain product lead. In a statement to Ars Technica, the Amazon spokesperson added: “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”
Read more of this story at Slashdot.