Report: Amazon is preparing to accept Bitcoin, leading to a cryptocurrency surge -- tokenization also possible
Speculation about the possibility of Amazon starting to accept Bitcoin as a method of payment started to circulate after the company posted a job listing for a Digital Currency and Blockchain Product Lead.
This led to a surge in the cryptocurrency, with the trading heading toward $40,000 in an impressive 20 percent jump over the weekend. In addition to the job posting, an insider has been quoted as saying that not only is Amazon working toward accepting Bitcoin by the end of 2021, but it is also considering launching its own token.
Jeff Bezos to resign as Amazon's chief executive
The coronavirus pandemic has been bad news for many businesses, but some, like Amazon, have truly thrived. The retail giant recorded an incredible $100bn in sales in the last three months of 2020.
But while that’s amazing news for Amazon, it's not actually the biggest story of the day. Jeff Bezos, the billionaire who founded the company in 1994, is to step down as chief executive to focus on other interests which include Day 1 Fund, the Bezos Earth Fund, Blue Origin, and The Washington Post.