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Friday, October 18, 2024

Amazon Will Accept Payments Through A Cryptocurrency Enabled Service

Marketplace has partnered with PayPal and its Venmo service, which supports payments in Bitcoin, Ethereum, Litecoin and Bitcoin Cash

Users of the largest American marketplace Amazon will soon be able to pay for purchases using the Venmo payment service. The corresponding  agreement was concluded by Amazon and PayPal, which owns Venmo. US residents will be able to use the service to pay on Amazon as early as 2022.

The Venmo payment service has been supporting the purchase, sale and storage of cryptocurrencies since April . Its 80 million customers have access to four digital coinsBitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Therefore, an agreement with Amazon could mean that purchases on the marketplace can be paid for with digital assets.

Back in June, there was talk in the market that Amazon would start accepting bitcoin as payment. Later this information was denied by representatives of the marketplace.

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