A newsletter from The James Altucher Report stated that Amazon will begin accepting Bitcoin soon. It is said that this will be officially announced on October 26th during their earnings conference call.
So, will Amazon really begin accepting Bitcoin?
There are still some speculations on this statement, however, since eBay and PayPal already accept bitcoin and with Google recently joining the community. It’s only a matter of time until Amazon follows the same path.
Back in 2013, Amazon Web Services partnered up with Digital Currency Group i.e. one of the major investors in bitcoin and blockchain firms in order to:
“… provide such a service so the blockchain providers in DCG’s portfolio can work in a secure environment with clients who include financial institutions, insurance companies and enterprise technology companies.”
Basically, Amazon’s aim is to be the intermediary between DCG’s portfolio and their customers while transacting cryptocurrency.
According to Altucher’s newsletter:
Amazon is “working with financial institutions and [crypto experts] to spur innovation and facilitate frictionless experimentation.”
If Altucher happens to be right about this then once this news is announced, it could cause a massive boost to the cryptocurrency’s price.
We’ll have to wait to wait until October to find out what’s in store for us.
Story Credits: steemit.com
Image Credits: change.org