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Amazon denies it’ll accept crypto, Bitcoin swiftly drops

Amazon on Monday denied a media report that the company plans to accept Bitcoin payments by the end of the year. Speculation had been mounting about the e-commerce giant’s moves crypto strategy. The rumors starting swirling last week after the company posted a job ad for a “Digital Currency and Blockchain Product Lead.” They gathered pace on Sunday when UK-based news outlet City AM cited an unnamed insider as saying the retailer will take Bitcoin payments “by the end of the year” and plans to launch its own token in 2022. The digital currency then briefly surged above $39,000, its highest…

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