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Bitcoin is nearing $40,000 this Monday as a new week gets underway with a bang for bulls.
Spot BTC price action is, naturally, the topic on everyone’s radar at present — in 24 hours, Bitcoin has sealed gains of nearly 15%.
An anonymous source within Amazon has reportedly told London business newspaper City A.M. that the e-commerce giant is planning to start accepting Bitcoin (BTC) payments by the end of 2021, possibly setting the stage for broader mainstream acceptance of crypto transactions.
“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 told City A.M., according to a report published on Sunday.
The source indicated that, while Bitcoin is the first step in Amazon’s crypto ambitions, executives at the company were keen to add other established cryptocurrencies in the future. The “directive is coming from the very top,” referring to Jeff Bezos, they said, adding:
“This entire project is pretty much ready to roll.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/amazon-plans-to-accept-bitcoin-payments-this-year-claims-insider
https://cointelegraph.com/news/global-crypto-atm-installations-increased-by-70-in-2021
https://cointelegraph.com/news/china-s-crackdown-signals-an-oncoming-crypto-ban-bobby-lee-says