Amazon has announced it doesn't intend to launch its own cryptocurrency. The company said in a blog post that the decision was made because of "regulatory uncertainty" surrounding bitcoin and other digital currencies. The vice-president of Amazon Pay, Patrick Gaulthier, said the idea was too speculative for Amazon at present and that the company wouldn't consider the possibility for at least another two years.
Amazon has announced it doesn't intend to launch its own cryptocurrency. The company, which has conducted research into blockchain systems, said it has no plans to follow Facebook's decision to offer its own version of the technology. The vice-president of Amazon Pay, Patrick Gaulthier, said the idea was too speculative for Amazon at present and that the company wouldn't consider the possibility for at least another two years.