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Amazon Getting Ready for cryptocurrency Payments! BTC Price is Nearing the $40k Mark After a Rough Ride!

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The bitcoin and crypto markets have risen as internet behemoths Twitter and Amazon have said that they are paying more attention to cryptocurrency. Amazon has a digital currency and blockchain strategy roadmap, and reports of Amazon dabbling in Bitcoin and cryptocurrency payments are gaining traction. 

Amazon is said to be accepting Bitcoin payments and to be launching its own cryptocurrency next year. Amazon’s Payments Acceptance & Experience team has started looking for a digital currency and blockchain expert to help establish the company’s digital currency and blockchain strategy and product roadmap in order to enable modern, low-cost payments on Amazon.

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According to City A.M., an “insider” has stated that Amazon is “absolutely” planning to launch Bitcoin and cryptocurrency payments by the end of the year. In addition, by 2022, the e-commerce behemoth may introduce its own coin. 

Tesla and Twitter are both positive on Bitcoin, believing it to be the future payment method. 

Just one minute into his introductory remarks, Twitter CEO Jack Dorsey discussed the company’s use of Bitcoin. Cryptocurrency, he said, is the internet’s “global native money.” He also sees potential for integrating bitcoin into existing Twitter goods and services, including commerce, subscriptions, and other new features like Twitter Tip Jar and Super Follows.

Bitcoin Price High on Rumour!

The cryptocurrency market is seeing a surge of excitement. The price of Bitcoin has risen sharply in response to rumors that the internet giant may begin taking BTC before the end of the year. It has increased by 12% in the previous 24 hours and is now trading at $38,320. If the upward trend continues, BTC’s next target is $40,100. Despite the fact that $41,000 is a vital milestone to clear. Only time will tell whether the Bulls’ comeback is temporary or permanent.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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