Bitcoin Rise After Reports Amazon Accepting Cryptocurrency As Payment

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Bitcoin Rise After Reports Amazon Accepting Cryptocurrency As Payment

After a boring week, Bitcoin is back to the $40,000 level. The cryptocurrency has gained nearly 13 percent in the past few hours and is now trading at [cryptocurrency_widget type=”inline” template=”generic” color=”default” assets=”BTC~USD” markup=”{price_to}” api= “cryptocompare.com” realtime=”true” animation=”flash”] . One of the main factors behind this rally is the reports about Amazon's decision to accept bitcoin as a payment method. In fact, the rise was not limited to Bitcoin only, the crypto market capitalization rose to nearly $100 billion and most altcoins climbed to new weekly record highs (Cryptocurrency price list).

[cryptocurrency_widget type=”chart” template=”multi-period” color=”navy” assets=”BTC~USD” period=”6m” axes=”false” cursor=”true” api=”cryptocompare.com” realtime= “false”]

According to CityAM, global e-commerce giant Amazon is preparing to accept bitcoin as a payment method by the end of 2021. The company is also investing more in developing its own business. The news came after a job announcement by Amazon in which the company is seeking developers and cryptocurrency experts.

It starts with Bitcoin - this is the first major phase of this crypto project

Jeff Bezos Amazon founder

Although Amazon is not the first company to add bitcoin as a payment method, it is certainly the most influential. The company operates the largest e-commerce store in the world and employs hundreds of millions of people.

 The news also states that this entire project is ready for work, and that the company has been working on it since 2019. After Bitcoin Amazon also has plans to add Ethereum And the Cardano And the Bitcoin Cash for payments.

It is worth noting that earlier, the company started Tesla accepting Bitcoin as payment for its electric cars, but later canceled them. However, CEO Elon Musk recently said that Tesla is considering accepting Bitcoin again.

The return on buying bitcoin at the beginning of the year 2021

[cryptocurrency_widget type=”table-portfolio” template=”color-text” color=”orange”=”BTC~USD” fields=”logo,portfolio_date,portfolio_price,price,portfolio_return_pct” quantities=”1,100,250,125″ assets prices=”29300 ,300,100,50″ customizable=”false” search=”false” pagination=”false” rows_per_page=”5″ sort_field=”portfolio_return_pct” sort_direction=”desc” api=”cryptocompare.com” realtime=”true” animation=” flash” markups=”{name},{name},{name},{name}” urls=”/crypto/{symbol_from}/{symbol_to},/crypto/{symbol_from}/{symbol_to},/crypto/{ symbol_from}/{symbol_to},/crypto/{symbol_from}/{symbol_to}” dates=”1/1/2021″]

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