As the world’s largest online retailer, Amazon’s acceptance of cryptocurrency would be a huge boost for the digital asset class. However, there are no plans to do so at the moment, according to Amazon Web Services (AWS) chief evangelist Jeff Barr.
Barr was responding to a question on Twitter about whether Amazon would accept Ethereum as a form of payment. He said that while Amazon is “thinking about” cryptocurrency, it has no plans to accept it as payment on the platform.
NOTE: WARNING: Amazon does not currently accept Ethereum as a payment method. There have been reports of individuals claiming to accept Ethereum on behalf of Amazon, but these are likely fraudulent websites or scams. If you are considering using Ethereum to purchase products or services with Amazon, please use caution and be aware that it is not a legitimate payment method at this time.
This is not the first time that Barr has addressed the topic of cryptocurrency on Twitter. In December 2017, he said that AWS was “looking into” Ethereum and Bitcoin but had no plans to add them as a form of payment.
It is unclear why Amazon has no plans to accept cryptocurrency, but it could be because of the volatile nature of digital assets. The price of Ethereum, for example, has fluctuated wildly over the past year.
Still, there is hope that Amazon will eventually come around and start accepting cryptocurrency. If it does, it would be a major boost for the digital asset class.
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