Amazon may be accepting cryptocurrency payments

Amazon is working on accepting Bitcoin payments and could even create its own token, according to a new leak, though it's unclear just how eager the world's biggest retailer is to wade into the volatile world of crypto.

It seems Amazon is preparing to join other companies in accepting Bitcoin as a form of payment for products listed on the site. An insider told City A.M. that this is set to take place before the end of the year, and Amazon is investigating its own token for 2022.

An insider claimed Amazon is looking to accept other cryptos as payment methods once Bitcoin has been established on the platform.

"Ethereum, Cardano and Bitcoin Cash will be next in line before they bring about eight of the most popular cryptocurrencies online," she said. "It won't take long because the plans are already there, and they have been working on them since 2019."

Amazon listed a job opening for a digital currency and blockchain product lead, sending cryptocurrencies soaring Monday. In Amazon's listing, which was posted Thursday, the company says it is looking for someone with a "deep understanding" of the "cryptocurrency ecosystem and related technologies."

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