About this story of Amazon accepting bitcoins | Financial time

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You may have heard rumors this week about a $1. 6 billion online store that is about to settle for bitcoin as a means of payment. Something, anything from Amazon, any virtual currency, anything “internal” . . .

The rumors began when Amazon released an announcement for a new task on July 22: “Blockchain and Digital Currency Product Leader. “The ad read (emphasis added):

He will leverage his expertise in blockchain, distributed ledger, central bank virtual currencies and cryptocurrencies to expand the portfolio of roles to be expanded, drive global vision and product strategy, and gain acceptance and leadership investment for new roles.

Wouldn’t you like to just expand the portfolio of functions that deserve to be evolved for new features?Of course, a very fluid company, however, the ad didn’t really show the type of product involved through this “product strategy”.

But I had to! Therefore, several renowned media outlets have covered the exciting task offering, such as Fintech Zoom, which has selected “Amazon will soon allow users to pay in cryptocurrencies like Bitcoin” for its title.

Maybe a little jump? However, it’s quite understandable, especially since Amazon had issued a press release in which it said they were “inspired by the innovation that was taking place in the cryptocurrency space” and that they were “exploring what it might look like on Amazon. “The first time we noticed such a hypothesis either: in 2017, we had very similar titles after Amazon registered 3 crypto-related domain names.

But some media outlets went further, one of them controlled to convince an expert to verify that Amazon was about to settle for crypto as a means of payment. “Amazon is ‘definitely’ lining up Bitcoin invoices and tokens, verifying insider information. “City AM titled, in an article published for the first time on Sunday, that explained that the main destroyer of streets would settle for bitcoin bills until the end of the year.

History has sent bitcoin to the moon, with the brothers’ favorite jumping as much as 14. 5% on the back, according to Reuters, to more than $40,000 on Monday (though we suspected there were also other forces that were thing bitcoin action that day. )

After all, the launch of the consultation – anonymous, as you perceive – has a lot to say (emphasis added):

“It’s not just about setting up payment responses with cryptocurrencies at some point in the long run, it’s an integral, well-discussed and integral component of Amazon’s long-term operating mechanism,” he told City. AN M.

“With Bitcoin, this is the first key step in this crypto project, and the directive comes from above. . . Jeff Bezos himself. “

It’s almost as if the user who invented this insider has forgotten that Jeff Bezos is no longer the CEO of Amazon. Of course, he would probably still be the chief executive, but that doesn’t give him the strength to make such a significant structural replacement. And wouldn’t that serve to undermine new executive leader Andy Jassy so soon after his appointment to the highest office?

History also warned that other cryptocurrencies will soon be accepted as a means of payment:

Ethereum, Cardano and Bitcoin Cash will be added as payment methods, the source added.

We looked for the author of the article, Darren Parkin, who describes himself as a “good and flexible guy” and a “cryptocurrency specialist” on his Twitter profile, and found that he tweeted a lot about Ethereum, Cardano and bitcoin:

– Darren Parkin (@EditorParkin) July 12, 2021

Anyway, Amazon temporarily denied town AM’s story, sending bitcoin’s value below $40,000.

But instead of correctly writing the coin, City AM, or its specific “Crypto AM” arm, doubled. On Monday he published another article that appeared to be a kind of crypto summary, with the same internal quotes, as well as rumors about “institutional investors” appeared interest. This time, we didn’t have to look for the one because we won a biography on the back cover of the article (we’re the ones who stress):

Francisco Memoria is a content author at CryptoCompare who loves technology and focuses on helping other people see the price of virtual currencies. His paintings have been published in many renowned industry publications. Francisco has cryptocurrencies but has no prejudices in his writing.

Then, on Tuesday, crypto AM publisher James Bowater published an article with the name “Everyone is an expert as long as they are anonymous. “

Was it the fact of admitting that this “initiate” perhaps wasn’t all they claimed to be?No:

It never ceases to amaze me when non-public interest and attention-seeking take over the narrative. In reaction to Amazon’s public publicity to recruit others with expertise in blockchain and cryptocurrencies, Crypto AM publisher Darren Parkin contacted an Amazon informant who verified his identity. , prestige of the task and is a one hundred percent reliable source.

Given the nature of the coin and the effect it had, it’s actually not unexpected that Amazon has issued a denial, with less than six months of 2021 running to say that “not this year” is rarely a big call to put things behind. in position – right?

Whatever the position, it is unreasonable to think that the Amazonian source was a lie in such detail. I’m absolutely pleased with Darren’s article and that’s it, maybe the other unnamed people on Twitter who are having a hard time (sometimes at the printable level) may look back and think they were wrong in time.

Because, of course, those are the unnamed criticisms of a story that can’t be trusted, not the unnamed source of logic.

We contacted Bowater and he contacted us:

A) I am not a journalist through education B) I make no claim about it and C) I write what Darren wrote and his integrity.

We assume we’ll just have to wait and see what happens with all this, but an INSIDER at FT Alphaville tells us that with the concept that Amazon, a company with 1. 3 million workers, would rent only one user to take care of the little ones. The business of accepting bitcoins for the millions of dollars of sales that go through your time. time site, and succeeding in putting everything in position before the end of the year, is a bit of an exaggeration.

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