Amazon not keen on allowing Bitcoin to make payments

Image
ANI Washington
Last Updated : Apr 16 2014 | 12:56 PM IST

Amazon is reportedly not so keen on allowing the use of Bitcoin for making payments.

While a lot of online retailers are slowly adapting the new form of encrypted payment, Amazon is yet to warm up to the idea.

According to Cnet, the head of Amazon payments Tom Taylor told Re/code that while the e-commerce giant has thought about the use of virtual currency, it has no plans to start accepting it.

He said that Bitcoin obviously gets a lot of press and the company hasn't considered it.

He added that the company hasn't heard from customers that it's right for them and doesn't have any plans within Amazon to engage Bitcoin.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 16 2014 | 12:41 PM IST

Next Story