Amazon denies report of accepting bitcoin as payment

Amazon.com Inc (AMZN.O) on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.

on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.from London's City A.M. newspaper, citing an unnamed "insider", sent the world's biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04.

"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon.The company on July 22 posted a job opening for a digital currency and blockchain product lead. A growing number of companies have started to accept virtual currencies for payment, bringing an asset class shunned by major financial institutions until a few years ago closer to the mainstream.

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