amazon denies report of accepting bitcoin as payment
in view of the increasing trend of bitcoin and other cryptocurrency coins, many veterans have come forward in support of it. Like Tesla owner Elon Musk has chosen bitcoin as a payment option. Also Elon supports Dogecoin.
Similarly, the world's richest man Jeff Bezos also came in support of bitcoin but it proved to be just a rumor.
According to a recent report, Amazon owner Jeff Bezos has announced the adoption of bitcoin as a form of payment on Amazon, but Amazon has just called it a rumor. So what is the correct information? Let's know.
so what was the rumor
Recently, it was reported from a webpage that Amazon is going to allow its users to pay with crypto like bitcoin, for which Amazon is hiring digital currency and blockchain experts. It was also reported that Amazon is being inspired by the innovation happening in the crypto space to try to figure out what it could be like for Amazon.
but what is the truth
This rumor caused a record breaking increase in the price of bitcoin. Because of this, bitcoin saw a rise of about 14%. But when Amazon got this news, Amazon denied it.
On Monday, Amazon denied in its media report that Amazon would accept payments with bitcoin by the end of this year.
“Despite our interest in space, speculation about our plans for crypto is not true,” an Amazon spokesperson said.
Also said that "We are trying to find out how this can prove to be for customers shopping on Amazon.
How did it affect the price of crypto?
When the news broke that Amazon was choosing bitcoin as a payment option, the price of bitcoin and many other cryptocurrencies increased very rapidly. But later when Amazon gave its response, the prices fell sharply.
On July 25th, bitcoin price was close to $34,200, due to this news, on the night of July 26th, bitcoin price exceeded $40,000. That was a total increase of 14%, but when Amazon reported it, the price of bitcoin suddenly dropped by about 6%. Talking about the same now, the price of bitcoin is close to $37200 right now.
Talking about the same thing, Ethereum gained 12% due to this reason but later fell by 9%
Dogecoin also gained 5% but later it also started declining
