More Rumors Amazon Could Accept Bitcoin As All Eyes On Conference Call

October 25, 2017 6:33 pm Published by

Rumors continue to swirl Amazon will announce a Bitcoin-related innovation Thursday, as a German newspaper Die Welt fuels speculation of the move.

In an article published Tuesday, the paper reported Silicon Valley fintech sources were echoing previous reports from investor James Altucher the global giant could soon integrate Bitcoin as a payment option.

Altucher made the comments in a report last month, citing Thursday’s conference call as “a D-Day moment” for Amazon and Bitcoin, Cointelegraph.com reported.

“Even if the Oct. 26 date is not set in stone, Bitcoin introduction should probably be expected soon,” Die Welt reported.

An Amazon spokesman replied to the report in a generic fashion, saying “(Amazon) opts to include new products or services only when these are useful for our customers – until that point, we do not engage in rough speculation.”

Over the years, the company has faced lobbying and rumors of various descriptions regarding its Bitcoin relationship since competitor Overstock became a pioneering virtual currency adherent in 2013, the report said.

While multiple other midsize operators have since engaged with Bitcoin, Amazon’s participation would still be a first-of-its-kind move, the report said.

Several dedicated services already exist to offer purchases with Bitcoin from their websites through the use of gift cards, the report said.

WN.com, Jack Durschlag

 



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