Amazon: No, we have no plans to accept Bitcoin payments

Amazon has come out and flatly denied a British newspaper report that the e-commerce behemoth planned to accept bitcoin payments by the end of the year.

“Despite our interest in the space, the speculation that has arisen around our specific plans for cryptocurrencies is not true,” an Amazon spokesperson told CoinDesk Monday by email. “We continue to focus on exploring what this could look like for customers shopping on Amazon.”

The report earlier Monday by City AM, which is distributed free of charge via the London Underground, quoted a single, unnamed “insider”. Nevertheless, many cited it as a reason for the bitcoin price bitcoin bounce back after diving below $30,000 last week.

Related: The Tether Put: Crypto Equivalent of Credit Default Swap?

After Bloomberg reported Amazon’s denial (on the expensive terminal of the financial data provider, but quickly signal amplified by ZeroHedge), the price started to track some of the daily gains. At the time of writing, it was up 7.3% on a 24-hour basis to $37,179.24.

As the spokesperson’s comment suggests, Amazon is testing the waters, even if the reports of the company diving into it were exaggerated.

Last week, the company said it did: looking for rent a “digital currency and blockchain product leader.”

Read more: Crypto as a payment system? Here we go again

Related: Market Turnaround: Possible Trend Reversal as Bitcoin Rises Above $40K

UPDATE (July 26 23:00 UTC): Adds links to the first and third paragraphs, background information on Amazon recruiting at the end.

UPDATE (July 26 23:30 UTC): Adds link in fourth paragraph.

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