Amazon, "Bitcoin Payment Acceptance Is Unfounded"

[Image source=AP Yonhap News]

[Asia Economy Reporter Kim Suhwan] Amazon has officially denied some media reports that it is considering allowing Bitcoin as a payment method.

According to major foreign media on the 26th (local time), an Amazon spokesperson stated, "The speculation surrounding our specific plans regarding virtual currency is not true."

Amazon also added, "We will continue to focus on analyzing the shopping experience that consumers want."

This response came after City A.M., a financial media outlet published in London, reported on the 25th citing an anonymous source that Amazon is exploring ways to accept Bitcoin as a payment method by the end of the year.

The report drew attention as it coincided with Amazon posting a job opening for digital currency and blockchain experts on the 22nd.

Additionally, last week, Tesla CEO Elon Musk announced plans to resume allowing Bitcoin payments, driving the rise in Bitcoin prices.

In fact, Bitcoin briefly surpassed the $40,000 mark on this day for the first time since June.

However, after Amazon officially denied plans to allow Bitcoin payments, Bitcoin prices fell again.

According to Coindesk, as of 9:50 a.m. Korean time on the 27th, Bitcoin was trading at $37,256, marking a 7.7% plunge within five hours after hitting $40,000 at 4:30 a.m.

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