Amazon has denied a British newspaper's report that it is planning to accept bitcoin payments by the end of the year.
“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," a spokesperson for Amazon told CoinDesk by email Monday. "We remain focused on exploring what this could look like for customers shopping on Amazon.”
The report earlier Monday by City A.M., which is distributed for free on the London Underground, cited a single, unnamed "insider." Nevertheless, many cited it as one reason for the bitcoin price's rebound after dipping below $30,000 last week.
As the spokesperson's comment suggests, Amazon is testing the waters, even if the reports of the company diving in were overstated.
Last week the company said it was seeking to hire a “digital currency and blockchain product lead.”
Read more: Crypto as a Payment System? Here We Go Again
UPDATE (July 26, 23:00 UTC): Adds links to first and third paragraphs, background on Amazon recruitment at end.
UPDATE (July 26, 23:30 UTC): Adds link in fourth paragraph.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.