Bitcoin News

Amazon’s Whole Food starts accepting Bitcoin and 3 other cryptos

More good news keeps getting into the crypto space. As prices make major gains, retailers are trying to get into the space. After eBay’s announcement today to start accepting cryptocurrencies, Amazon’s Whole Food starts accepting Bitcoin too.

It has been a very good week for cryptocurrencies as Bitcoin has been leading gains across the entire market. Bitcoin is currently trading at $7,900 and with its strong resistance at $7,800, we might see the coin break through $8,000 within the Coming hours.

This bullish movement might have been the driving factor behind the current huge interest from retailers.

Amazon’s Whole Food starts accepting Bitcoin

According to reports by Fortune, Whole food, an Amazon-owned company will start accepting Bitcoin, Bitcoin Cash, Ethereum and GUSD.

It is not much of a surprise that GUSD (Gemini USD) is on the list of supported cryptocurrencies given that this development is all made possible thanks to Gemini and Flexa.

It is reported that Users will need to download the Spedn App as this will be the primary means through which payments will be done while GUSD will run as the stable coin to facilitate the entire payment process.

“The idea of living on crypto is now a reality. You can now do it. For the consumer, it amounts to being crypto conscious. It’s like being green.” Tyler Winklevoss told Fortune.

This has led many to speculate this development to be just another step closer to Amazon itself accepting cryptocurrencies given the fact that eBay has also shown interest in accepting cryptocurrencies.

On other news, Bakkt is said to test Bitcoin futures in July of this year. This has been one of the most anticipated events this year as many cryptocurrency investors and traders are very keen to see what this will bring to the industry.

Institutional investors are coming, Some of the biggest retailers are now accepting cryptocurrencies and prices are going up. What could be the next big news for the crypto space and its development?

You might also be interested in;

Share the news on;
  •  
  • 57
  •  
  •  
  •  
  •  
  •  
  •  
    57
    Shares
  •  
    57
    Shares
  •  
  • 57
  •  
  •  
  •  
  •  
  •  
coinmag

Kinsley is an MSc student in Information Management and a blockchain consultant. He is a lover of big data with particular interests in disruptive technologies like blockchain technology and Artificial Intelligence.