Amazon Says It’s ‘Exploring’ Cryptocurrency Payments


  • Amazon is looking for a strategy and roadmap for blockchain-based payment products.
  • Advertised for blockchain-related positions in the past.

Every now and then, a job announcement will trigger a series of buzz in the crypto space, as industry watchers want to know if a new mega-company like Apple or Facebook is ready to adopt cryptocurrency payments.

This happened today with Amazon, which recently published a job posting for a digital currency and blockchain product leader to create a vision and roadmap for new payment products.

A subsequent statement shared with decrypt and other outlets by an Amazon spokesperson has fanned the flames by suggesting that the world’s largest online retailer is actively considering enabling cryptocurrency payments.

“We are inspired by the innovation that is happening in the cryptocurrency space and we are exploring what it might look like on Amazon,” the statement read. “We believe that the future will be built on new technologies that enable cararn, fast and affordable payments and we look forward to bringing that future to Amazon customers as soon as possible.”

“Explore” can mean a lot to a large company with almost unlimited resources and thousands of employees. Specifically, for the publication of the work, the blockchain and digital currency product leader is expected to have experience in cryptocurrencies, central bank digital currencies, and distributed ledgers. new hire is also expected to “gain leadership consensus and invest in new capabilities” and develop a “launch strategy.” All of this suggests that the company is seriously investigating what cryptocurrencies can offer.

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“We are inspired by the innovation that is happening in the cryptocurrency space and we are exploring what it might look like on Amazon.”

Amazon has taken incremental steps in crypto in the past.

Earlier this month, Amazon Web Services, the company’s cloud platform subsidiary, announced a Long Life Blockchain Product Manager Managed by Amazon, which handles hosting and hardware for developers looking to build on. Hyperledger Fabric or Ethereum. In particular, the secondment indicated a preference for candidates with decentralized finance (DeFi), suggesting that AWS could create new capabilities for protocols that leverage a blockchain to offer middleman-free financial products.

Amazon FinTech advertising team also sought out a senior software engineer while working on “financial accounting, billing and reconciliation systems to bring transparency to cross-border financial data.” While the post doesn’t mention “blockchain,” the URL does.

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