Amazon is planning to sell cryptocurrencies like bitcoin and litecoin with Prime memberships starting in the second half of 2018, the company has revealed.
The announcement comes as bitcoin and other cryptocurrencies continue to lose ground against traditional currencies.
As Prime membership is only available through the Amazon Echo and Amazon Fire devices, Amazon is only selling bitcoin and a limited number of other cryptocurrencies.
The company is only allowing Prime members to buy these currencies through its online store.
The company is planning on offering a cryptocurrency exchange service with the launch of its new bitcoin wallet in 2019, but has not yet revealed the exact date for the launch.
Bitcoin’s recent decline is also the result of a crackdown by governments around the world that has limited the cryptocurrency’s value.
Bitcoin, which was launched in 2009 by an anonymous programmer who went by the pseudonym Satoshi Nakamoto, has enjoyed a meteoric rise to become the most valuable cryptocurrency on the planet.
Since its launch, bitcoin has appreciated about 70 percent in value.
Last year, the price hit $1,200 before hitting a high of $1.23, and has since declined.