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Bitcoin to Spike high as Jeff Bezos explores Amazon payments in crypto

Bitcoin to spike high
Bitcoin to spike high

Bitcoin to spike high.

The Crypto market is likely to revive as Jeff Bezos’ company is presently seeking to hire a cryptocurrency expert for this very purpose.

A spokesperson for Mr Bezos’ company, which has a market capitalisation of $1.6trillion, said:

We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments.

We hope to bring that future to Amazon customers as soon as possible.

Eventually, If the world’s fourth-largest company operates its worldwide marketplace with cryptocurrency transactions, the price of Bitcoin and Ethereum could escalate massively.

Speaking to Express.co.uk Greg Waisman, co-founder and COO at the global payment network Mercuryo, said:

Bitcoin to spike high

Tesla’s initial announcement of accepting Bitcoin for its products helped contribute to taking Bitcoin to its all-time high in the second quarter of the year.

Should this impact be replicated when Amazon fully embraces crypto payments, we can begin to see a rejuvenation from the current sell-offs, and growth towards new price levels not seen in months.

 

A top of $70,000 on a bear case instance and a $100,000 top cannot be ruled out by the end of the year, should Amazon make good on its promises before year-end.

Presently, Amazon doesn’t accept cryptocurrencies as payment but a current job posting by the company shows that things could get interesting soon.

Bitcoin to spike high

Amazon’s payments acceptance and experience team is currently in search for an “experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”.

The company added that the position will

Leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.

 

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