CLAIM: Amazon and Dogecoin struck a deal for Amazon to simply accept Dogecoin on its web site.
THE FACTS: Amazon confirmed it doesn’t take any cryptocurrency as fee for its merchandise, and no deal was struck with Dogecoin. Nevertheless, third-party purposes should buy Amazon reward playing cards on the client’s behalf by exchanging crypto for government-issued forex. When two software program builders began the cryptocurrency Dogecoin in 2013, it was created as a joke. For many of its seven-year historical past, every Dogecoin was price lower than a proportion of a cent. In Could, nevertheless, the cryptocurrency peaked in worth at 66 cents. Digital currencies have elevated in worth during the last 18 months as a larger variety of corporations have accepted them as a type of fee, the AP reported. As a part of this rise in adoption, misinformation has unfold on-line about which corporations settle for cryptocurrency. A submit on Fb falsely claimed, “AMAZON NOW ACCEPTS DOGECOIN!!!!” A YouTube video introduced, “DOGECOIN SIGNS AMAZON DEAL! (BREAKING NEWS!).” In an e mail asking whether or not Amazon at present accepts Dogecoin or any cryptocurrency as fee, Amazon spokesperson Nell Rona mentioned, “No.” Ross Nicoll, one of many core builders who retains Dogecoin operating, additionally confirmed in an e mail that Amazon and Dogecoin had not mentioned utilizing the cryptocurrency on the positioning. Complicated the state of affairs is the truth that a small variety of third-party purposes that handle cryptocurrency function intermediaries for customers who need to make purchases on-line. “Prospects should buy Amazon reward playing cards utilizing Bitcoin from a small variety of approved resellers,” Rona mentioned in an e mail. One such reseller is BitPay, which introduced on Tuesday that it now facilitates the usage of Dogecoin to buy reward playing cards on websites like Amazon. However that also doesn’t imply that Amazon accepts cryptocurrency on its web site. Amazon receives government-issued forex when BitPay purchases reward playing cards on behalf of the client. “BitPay’s Chrome browser extension allows customers to show crypto into reward playing cards for redemption on the service provider’s web site,” Jan Jahosky, a BitPay spokesperson, advised the AP in an e mail.
— Related Press author Terrence Fraser in New York contributed this report.