Amazon denies report of accepting cryptocurrency as payment

Amazon.com Inc denies in a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.

The report from London's City A.M. newspaper, citing an unnamed "insider", sent the world's biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04.

"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon.

"We remain focused on exploring what this could look like for customers shopping on Amazon."