(Cointelegraph) Bitcoin rose by as much as 10% on Monday on news that retail giant Amazon plans to accept it as a means of payment by the end of this year.
Amazon’s crypto move has reportedly been fueled by a directive from its founder Jeff Bezos.
While Amazon plans to accept Bitcoin in its crypto ambitions, it is also keen on adding other cryptocurrencies in the future.
The e-commerce giant also plans to launch its own cryptocurrency as early as next year.
The news comes amid speculations of Amazon forays into the crypto industry, with a new job posting of a “Digital Currency and Blockchain Product Lead.”
BTCUSD is up +7.94%.
