CLAIM: Amazon and Dogecoin struck a deal for Amazon to just accept Dogecoin on its web site.
THE FACTS: Amazon confirmed it doesn’t take any cryptocurrency as cost for its merchandise, and no deal was struck with Dogecoin. Nonetheless, 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 Might, nonetheless, the cryptocurrency peaked in worth at 66 cents. Digital currencies have elevated in worth over the past 18 months as a better variety of firms have accepted them as a type of cost, the AP reported. As a part of this rise in adoption, misinformation has unfold on-line about which firms settle for cryptocurrency. A publish 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 the moment accepts Dogecoin or any cryptocurrency as cost, Amazon spokesperson Nell Rona stated, “No.” Ross Nicoll, one of many core builders who retains Dogecoin working, additionally confirmed in an e-mail that Amazon and Dogecoin had not mentioned utilizing the cryptocurrency on the location. Complicated the state of affairs is the truth that a small variety of third-party purposes that handle cryptocurrency function intermediaries for customers who wish to make purchases on-line. “Clients should buy Amazon reward playing cards utilizing Bitcoin from a small variety of licensed resellers,” Rona stated in an e-mail. One such reseller is BitPay, which introduced on Tuesday that it now facilitates using 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 permits customers to show crypto into reward playing cards for redemption on the service provider’s web site,” Jan Jahosky, a BitPay spokesperson, instructed the AP in an e-mail.
— Related Press author Terrence Fraser in New York contributed this report.