About that Amazon-to-accept-bitcoin story | Financial Times

July 30, 2021 Editor Bitcoin 0

You may have heard a growl this week about a $ 1.6 trillion online retailer trying to accept Bitcoin as a payment. Something about Amazon, something about digital currency, something about “insiders”. .. ..

The rumbling started when Amazon put up with it New job ads July 22: “Leads for Digital Currencies and Blockchain Products”. The ad said (emphasize ours):

Leverage domain expertise in blockchain, decentralized ledgers, central bank digital currencies, cryptocurrencies, Create case studies of features to develop, drive your overall vision and product strategy, and win leadership support and investment in new features.

Don’t you like to develop case of features that should be developed for new features? Of course, it’s a great and fluent company, but the ad didn’t really explain what this “product strategy” was about.

But someone had to do it! As a result, many respected media outlets have featured exciting classified ads such as: Business insider, “Amazon may soon allow users to pay in cryptocurrencies like Bitcoin,” said the person who went with that headline.

I think it made a leap forward. However, it’s understandable to some extent, especially as Amazon has released press statements that are “inspired by innovations taking place in the field of cryptocurrencies” and “exploring what this looks like on Amazon.”This isn’t the first time we’ve seen such speculation — in 2017 we Very similar heading After Amazon has registered three crypto-related domain names.

But some media outlets are going even further. I was able to get someone to know so much to make sure that Amazon is actually accepting cryptocurrencies as payments. “Amazon will” definitely “line up Bitcoin payments and tokens to see insiders.” City AM headingIn an article first published on Sunday, the High Street destroyer explained that it would accept Bitcoin payments by the end of the year.

The story sent Bitcoin towards the moon, and Brothers’ favorites jumped 14.5 percent behind it, According to Reuters Over $ 40,000 on Monday. (Although it seems that there were other forces that restrained Bitcoin’s price behavior that day.)

After all, the insider in question (anonymous, as you know) seemed to say so much (emphasizing us).

“It’s not just going through a motion to set up a cryptocurrency payment solution at some point in the future. It’s full, full of future mechanisms about how Amazon works. It’s an integral part of the discussion, “she told City in the morning.

“It starts with Bitcoin-this is an important first step in this crypto project, The directive comes from the top … Jeff Bezos himself. “

this is largely As if The person who made this The insider forgot that Jeff Bezos is no longer the CEO of Amazon. Sure, he may still be an executive chair, but it doesn’t give him the power to make such major structural changes to his payment system. And wouldn’t it just help undermine the new CEO Andy Jassy right after taking up the top job?

The story also suggested that other ciphers may soon be accepted as payments:

Insiders added that Ethereum, Cardano and Bitcoin Cash will also be added as payment methods.

When I looked into the author of the work, Darren Perkin, I found that his Twitter profile described himself as a “nice man of all-around” and a “cryptocurrency specialist.” He tweets pretty About Ethereum, Cardano and Bitcoin:

Anyway, Amazon will soon Denied the City AM story, Returns the Bitcoin price to less than $ 40,000.

But instead of fixing the piece, City AM (specifically its “CryptoAM” arm) has doubled.published Another work On Monday, it seemed like a sort of crypto summary, with the same insider quote and some fluff about “institutional investors” showing interest. This time, I didn’t have to look up the author (emphasizing us) because the biography is at the bottom of the article.

Francisco Memoria is a content creator at CryptoCompare, enthusiastic about technology and focused on helping people understand the value of digital currencies. His work has been published in many reputable industry publications. Francisco holds a variety of cryptocurrencies, but his writing is unbiased.

Then on Tuesday, CryptoAM editor James Bowater published Another work Under the heading “Everyone is an expert, as long as they are anonymous.”

So was it responsible for the fact that this “insider” may not be all they cracked down on? number:

It never stops astonishing me when seeking self-interest and attention takes over the story. In response to Amazon’s official ad to recruit people with blockchain and cryptocurrency experience, CryptoAM editor Darren Parkin confirms their identity, employment status and is a 100% solid source of information. I contacted an Amazon Insider.

Given the nature of the work and its effectiveness, it’s not really surprising that Amazon rejected it, but within six months of 2021, even if you say “it’s not this year,” it’s a thing. Undoing is not a big request. Is it …?

Whatever the location, it seems quite strange to think that Amazon sources are lying in such detail. I’m completely happy with the article published by Darren. That is, anonymous people struggling with him on Twitter (sometimes to the point where they can’t print) may look back and feel wrong in time.

Of course, it’s an anonymous critic of an unreliable story, not an anonymous source of it. It makes sense.

We contacted Bowater and he told us:

A) I’m not a trained journalist B) I don’t pretend to be it C) I stand behind what Darren wrote and his honesty.

I think we just have to wait and see all these results. However, FT Alphaville insiders said Amazon — 1.3 million employees — Will only hire one person to deal with the small problem of accepting Bitcoin Millions of dollars in sales It feels a bit nervous to be able to get through the site every hour and get everything up and running by the end of the year.

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