Amazon will accept cryptocurrencies and prepares to launch its own Token by 2022

An unofficial source explained that the world's largest e-commerce company is preparing for the acceptance of bitcoin and other cryptocurrencies

Amazon, the largest and most well-known trading company in the world, will accept payments with Bitcoin by the end of the year and is also in the process to create its own token in 2022, as revealed by an unidentified source to a British media.

Last Friday sources published that the company founded by Jeff Bezos was requesting staff to develop a strategy on digital currency and blockchain. “A product leader with experience to develop the strategy and roadmap of blockchain products and the Amazon digital currency”.

The unidentified source stated: “This is not just following motions to set up cryptocurrency payment solutions at some point in the future; this is an integral issue, well discussed, of the future mechanism of how Amazon will work.”

They explained that Amazon executives will start with bitcoin and once they establish the fastest and safest method of payments with this crypto they plan to move forward with other digital assets such as ethereum, cardano, bitcoin cash, until they attract the 8 most popular cryptocurrencies. They stressed that the company has been executing the project since 2019, therefore, it is almost ready.

Native token

The informant highlighted that the fourth largest company in the world will not stop in adopting different cryptos; instead it is aspiring to create its own token. “When all these crypto are aligned, there is another twist to push things even further in Amazon’s favor: a native token.”

After experiencing the way to make payments with cryptocurrencies, it is possible “that we will move towards tokenization” which will later become a multi-level infrastructure where you can pay for goods and services or earn tokens in a loyalty scheme.”

Amazon representatives have not released more details about the news, which contrubuted to a Bitcoin (BTC) rebound in its value by 11.88 %.

M. Rodríguez


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