Amazon to Start Bitcoin Payments Within the Year... Bitcoin Enters $34,000 Range

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The price of the cryptocurrency Bitcoin has surpassed $34,000.

On the 25th (local time), according to CoinMarketCap, Bitcoin is trading at $34,372, up 1.56% compared to 24 hours ago.

After recording the $29,000 range on the 20th, Bitcoin has been on a four-day consecutive rise, aiming to re-enter the $34,000 range.

Ethereum, ranked second in market capitalization, is trading at $2,155, up 0.55%, while Dogecoin is trading at 19.3 cents, down 0.08%.

On this day, reports emerged that Amazon, the largest e-commerce company in the U.S., is preparing to accept Bitcoin payments.

According to Cointelegraph, a UK media outlet cited an anonymous source stating that Amazon is pushing for Bitcoin payments and will enter the cryptocurrency payment market.

The source said that Amazon plans to establish a Bitcoin payment plan by the end of this year and also intends to allow payments with other cryptocurrencies besides Bitcoin.

The source pointed out that "the decision regarding cryptocurrencies is coming from the top management of Amazon," specifically naming Jeff Bezos, the founder of Amazon.

It is also reported that Amazon is pursuing plans to introduce its own cryptocurrency by early next year, in addition to allowing Bitcoin payments.

Amazon had recruited a technology officer in February to develop digital and emerging payment platforms.

This content was produced with the assistance of AI translation services.